(Image source: Optimum General homepage.)
Optimum General Inc. (Montreal), a group of Canadian property/casualty insurers providing their products exclusively through the broker distribution network, has announced that its companies have selected the Guidewire (Foster City, Calif.) InsurancePlatform Core products to assist with the operations of their residential lines of business. Optimum General Inc. does business through Optimum Insurance Company Inc., Optimum West Insurance Company Inc. and Optimum Farm Insurance Company Inc.
Optimum Companies have selected Guidewire PolicyCenter, Guidewire Rating Management, and Guidewire Reinsurance Management as their new underwriting, policy administration, rating, and reinsurance management products for their residential lines of business. The organizations sought to standardize their residential processes across their branches and to increase their operational efficiency using the real-time functionality of the selected Guidewire products, according to a joint insurer/vendor statement.
“We expect that our relationship with Guidewire will help Optimum increase speed-to-market,” comments Noella Anthony, President of all Optimum General Inc. companies. “Guidewire’s product maturity and previous timely implementations were important factors in our decision-making process.”
Improved Flexibility with Brokers
“Optimum will offer improved flexibility to our brokers with Guidewire products,” comments Steve Boudreault, Manager, Information Technology, Optimum General Inc. “This vendor will support us in upgrading and implementing a new policy administration system for our residential lines of business.”
“We welcome Optimum to the Guidewire customer community,” comments Steve Sherry, Chief Sales Officer, Guidewire Software. “We admire the companies’ dedication to protecting their policyholders, their forward-thinking approach in service delivery as one of the few key players dedicated exclusively to brokers and we look forward to helping them meet their current and future business objectives with our technology services.”