The provincial Crown corporation sought greater agility and flexibility to handle its changing business needs, as well as reducing IT-related risk through decommissioning legacy systems.
Economical Insurance is replacing its policy administration system as part of an ongoing transformation program dedicated to greater productivity and improved product and service delivery.
In its quest to connect electronically with broker distributors and underwrite more accurately, the New Zealand-based carrier found that process change was a greater challenge than technology renovation.
Guidewire announces Hubio regul8 for PolicyCenter Ready for Guidewire accelerator to ease data filing requirements of Canadian regulators.
Nationwide’s deployment of PolicyCenter for personal umbrella shows that a third-party software package policy administration solution can fit into the context of a Tier 1 carrier’s business model, but the insurer has a long journey ahead.
Already a BillingCenter customer, the Monterey, Calif.-based regional P&C carrier has selected Guidewire PolicyCenter as its underwriting and policy administration solution and also adopted Guidewire Rating Management and Guidewire Client Data Management.
Following Nationwide, The Hartford is the second tier 1 carrier to choose a package policy admin system – and Guidewire’s PolicyCenter specifically – as the target platform to replace multiple policy systems.
The workers’ comp insurer deployed Guidewire ClaimCenter in 2006 and BillingCenter in 2008, and seeks now to take advantage of the built-in best practices and real-time functionality of the vendor’s core policy admin system.
The platform-to-platform integration of the Glimpse Plus solution lets insurers using PolicyCenter easily offer their clients Octo’s telematics offering.
The accelerator is designed to help insurers maximize efficiency gains in data-driven underwriting processes.