Profile: Guidewire Software Inc (GWRE.N)
17 May 2019
Guidewire Software, Inc., incorporated on September 20, 2001, is a provider of software products for property and casualty (P&C) insurers. The Company's software serves as a technology platform for P&C insurance carriers. The Company's InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company’s technology platform supports core insurance operations, including underwriting and policy administration, claim management and billing, enables new insights into data that can improve business decision making and supports digital sales, service and claims experiences for policyholders, agents, and other key stakeholders. The Company’s customers are primarily property and casualty insurance carriers.
Core Transaction Processing
The Company's core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. Its Guidewire InsuranceSuite consists of its individual core system applications, including PolicyCenter, ClaimCenter and BillingCenter. It is built on a unified technology platform, providing workflow and functionality between applications. Its Guidewire PolicyCenter is an underwriting and policy administration application that serves as a 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 offers lifecycle management, including product definition, distribution, underwriting, policy holder services, and claims management. Its Guidewire BillingCenter is its billing and receivables management application. It automates the billing lifecycle, enables the design of various billing and payment plans, manages agent commissions and integrates with external payment systems. The Company's InsuranceSuite Add-on Modules includes Guidewire Underwriting Management which offers cloud-based, integrated business application for commercial and specialty line insurers to drive premium growth and profit from better underwriting; Guidewire Rating Management, which enables P&C insurance carriers to manage the pricing of their insurance products; Guidewire Reinsurance Management, which enables P&C insurance carriers to use rules-based logic to execute their reinsurance strategy through underwriting and claims processes; Guidewire Client Data Management, which allows P&C insurance carriers to get customer information; Guidewire Product Content Management, which provides software tools and standards-based, line-of-business templates to enable insurers to introduce and modify products, and Guidewire London Market Messaging, which is an add-on for Guidewire ClaimCenter that provides functionality to address requirements of international insurers and the London Market.
Data Management and Analytics
The Company's data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. Its Guidewire DataHub is a data store that unifies and stores data from the patchwork of an insurer's systems, as well as from external sources. Its Guidewire InfoCenter is a business intelligence warehouse for P&C insurers, which provides information for business intelligence, analysis and decision making. Its Guidewire Live is a cloud-based suite of analytical applications that aggregate data from internal and third party sources, and analyzes and visualizes the data in ways that provide insurers with insights into their business.
The Company's digital engagement enables insurer to provide digital experiences to customers, agents, vendors and field personnel through their device of choice. Digital Engagement applications also benefit agents and brokers who are seeking to automate business processes with insurers to improve customer service and productivity.
The Company competes with DXC Technology, NTT Data, and Tata Consultancy Services Limited, 1insurer, Duck Creek, eBaoTech Corporation, Fadata AD, FINEOS, Insurity, Inc., Majesco, One, Inc., OneShield, Inc., Sapiens International Corporation, StoneRiver, Inc., TIA Technology A/S, Pegasystems Inc. and SAP AG.
Patriot Technology Solutions, Prima Solutions, RGI.
Guidewire Software Inc
1001 E Hillsdale Blvd Ste 800
FOSTER CITY CA 94404-1643