OKFB Insurance Moves InsuranceNow to Guidewire Cloud

Opting for cloud implementation will enable OKFB Insurance to adapt quickly to changing market demands and enhance customer service.

(Oklahoma State Capitol. Photo credit: Josh Cole.)

Oklahoma Farm Bureau Insurance (OKFB, Oklahoma City), the state’s largest domestic insurance provider, has will be moving its instance of Guidewire Software’s (Foster City, Calif.), InsuranceNow, a core component of Guidewire InsurancePlatform, to software-as-a-service delivery option via Guidewire Cloud. Opting for cloud implementation will enable OKFB Insurance to adapt quickly to changing market demands and enhance customer service, according to a vendor statement.

OKFB Insurance has been managing InsuranceNow on premises since 2007 to transform how it does business and enhance its commitment to serving its policyholders, agents and support staff, according to the Guidewire statement. The company is currently moving InsuranceNow from on premises to Guidewire Cloud across all lines of business in the state of Oklahoma.

Guidewire Cloud uses AWS’s (Seattle) cloud infrastructure, with SLAs backed by experienced Guidewire teams and SaaS-certified partners spanning application management, system administration, security and compliance, upgrades, QA testing, health checks and other services, according to the vendor.

Staying Ahead of Competitors and Market Trends

“We have developed a deep partnership with Guidewire through our decade-long use of InsuranceNow, providing us with the opportunity to upgrade our IT capabilities in the cloud so that the company can stay ahead of our competitors and market trends,” comments Stephanie Helling, VP, Information Services, OKFB Insurance. “We are confident that moving to Guidewire Cloud will help increase our IT staff efficiency by freeing them from having to constantly maintain our systems and instead empowering them to be able to focus on driving mission-critical business objectives to further accelerate our growth and continue our commitment of providing the very best insurance products and service we can offer to our policyholders and agents.”

“We applaud OKFB Insurance’s recognition of the advantages in running its business in Guidewire Cloud,” comments Steve Sherry, chief sales officer, Guidewire Software. “We are humbled by the company’s vote of confidence in our cloud services capabilities and applaud its mission of providing quality insurance to all Oklahomans.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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