Profile: Guidewire Software Inc (GWRE.K)
31 Jul 2015
Guidewire Software, Inc. (Guidewire), incorporated in September 9, 2001, is a provider of software products for Property & Casualty (P&C) insurers. The Company’s software serves as a platform for transformation for P&C insurance carriers, enabling them to replace their legacy systems and transform their business. Guidewire InsuranceSuite provides the flexible, core systems essential for the mission-critical operations of P&C carriers: underwriting, policy administration, billing and claims management. The Company’s Guidewire InsuranceSuite enables mission-critical P&C insurance operations and is comprised of Guidewire PolicyCenter, Guidewire ClaimCenter and Guidewire BillingCenter. The Company’s products are InsuranceSuite Add-on Modules, Data Management and Business Intelligence, Guidewire Live, and Mobile and Portals.
The Company’s Guidewire InsuranceSuite includes each of its individual applications: PolicyCenter, ClaimCenter and BillingCenter. Guidewire PolicyCenter is its flexible underwriting and policy administration application that serves as a comprehensive system-of-record supporting the entire policy lifecycle, including product definition, underwriting, quoting, binding, issuances, endorsements, audits, cancellations and renewals. The Company’s Guidewire ClaimCenter is its claims management application for claim intake, assessment, settlement and processing of claim-related financial transactions. ClaimCenter enables claims lifecycle management improvements including dynamic, intuitive loss report intake, advanced adjudication processes and integrated operational reporting. Guidewire BillingCenter is its billing and receivables management application. It automates the billing lifecycle, enables the design of a wide variety of billing and payment plans, manages agent commissions and integrates with external payment systems.
The Company’s Guidewire Rating Management enables P&C insurance carriers to manage the pricing of their insurance products. Its Guidewire Reinsurance Management enables P&C insurance carriers to use rules-based logic to execute their reinsurance strategy through their underwriting and claims processes. Guidewire Client Data Management helps P&C insurance carriers capitalize on customer information more coherently, overcoming traditional siloed practices that impair efficiency and customer service. Guidewire Standards-Based Templates help facilitate both initial implementation and ongoing maintenance of ISO-based insurance products.
The Company’s Guidewire DataHub is an operational data store that unifies, standardizes and stores data from the patchwork of an insurer’s systems, as well as external sources, which also enables carriers to accelerate legacy system replacement. Guidewire InfoCenter is a business intelligence warehouse for P&C insurers which provides information in easy-to-use formats for business intelligence, analysis and enhanced decision making. Guidewire Live is a cloud-based network connecting peer insurers, core system data and external data through applications. The Company’s Mobile & Portals products provide the ability to create real-time, self-service portals for people outside the corporate intranet of its customers.
The Company competes with Accenture, CSC, MajescoMastek, Tata Consultancy Services Limited, FINEOS, Innovation Group, ISCS, OneShield, Inc., StoneRiver, Inc., Sapiens International Corporation, Exigen, TIA Technology A/S, Pegasystems Inc. and SAP AG.
Guidewire Software Inc
1001 E Hillsdale Blvd
FOSTER CITY CA 94404-1643