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BCM Insurance Company (BCM), a Welland, Ontario-based mutual insurer, has selected Guidewire (San Mateo, Calif.) InsurancePlatform products to support a systems and business transformation. The insurer will access the Guidewire products in a private cloud via EY iNexus, with implementation, ongoing services, and support provided by EY (New York/Toronto), a Guidewire PartnerConnect Consulting Premier member.
Guidewire reports that BCM has selected Guidewire InsuranceSuite as its new system for policy administration, underwriting, claims, and billing management. The insurer also selected Guidewire DataHub and Guidewire InfoCenter as its enterprise-wide data management and analytics systems. BCM plans to implement all of the products simultaneously across all lines of business in Ontario, a vendor statement says.
“The Guidewire products provide our staff with the tools that will enable them to provide more personalized service to our customers,” comments David Gill, Chairman of the Board, BCM.
Enhancing Vision and Position in Mutual Community
“We are interested in systems that offer robust reporting, solid data and analytics, and improved operational efficiencies,” adds Jason Cybulski, President and CEO, BCM. “The Guidewire platform addresses our needs and is sustainable, and using the products in the cloud helps enhance our vision and position in the Mutual community as a forward-thinking organization.”
“Many startups and small-to-medium sized insurance companies face unique challenges to transform their core systems. EY’s cloud-based and managed service solution, built around InsuranceSuite, with pre-configured capabilities for the Canadian insurance market, helps companies to achieve a successful implementation project,” comments Neil Pengelly, Insurance Technology Advisory Leader, EY Canada. “We’re excited to be working with BCM to transform their business and IT capabilities with InsuranceSuite software.”