Pekin Insurance Moves to Guidewire Cloud

The Illinois-based P&C carrier seeks to simplify IT ops, and improve platform support and expense management.

(Courthouse of Tazewell County, in Pekin, Ill. Photo by Ammodramus.)

Pekin Insurance (Pekin, Ill.), a multi-state property/casualty insurer, and Guidewire (San Mateo, Calif.) announced that Pekin Insurance has successfully implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt quickly to changing market demands, and deliver more value to its agents and policyholders.

Amy Bingham, CIO, Pekin Insurance.

A Guidewire customer since 2015, the company migrated InsuranceSuite from a self-managed environment to Guidewire Cloud simultaneously for all of its lines of business in the states where Pekin Insurance operates. The company is also using the Guidewire ProducerEngage digital application and Guidewire Predict to improve its loss ratio with better risk segmentation.

“We chose to migrate our Guidewire products onto Guidewire Cloud to better optimize our costs and improve platform support,” comments Amy Bingham, CIO, Pekin Insurance. “We’ve now transferred platform maintenance to Guidewire so we can utilize regular ongoing updates and take advantage of Guidewire’s latest innovations much more quickly and seamlessly than when we were using Guidewire on premise.”

Integrating with Best-in-Class InsurTech Solutions

Kim Bandeko, AVP, IT, Pekin Insurance.

“We’ve received positive feedback from our agents, specifically around the user interface which is visually appealing,” comments Kim Bandeko, AVP, IT, Pekin Insurance. “We’re looking forward to increased external rating and underwriting agility, leveraging the data and analytics products that are available on Guidewire Cloud, and integrating with the best-in-class InsurTech solutions through the Guidewire Marketplace and PartnerConnect ecosystem across our insurance product lifecycles.”

“Pekin Insurance has a 103-year history of offering financial protection for businesses, personal autos, homes, and families through their P&C and life insurance products,” says Michael Mahoney, SVP, head of professional services, Guidewire. “We congratulate the company on its successful cloud transformation through its InsuranceSuite migration to Guidewire Cloud. We look forward to Guidewire Cloud serving as the technology foundation to support Pekin Insurance’s mission of providing peace of mind to its agents and policyholders, delivering innovation and excellence in its products and services, and remaining dedicated to going ‘Beyond the expected.’”

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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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