(Image credit: Joshua Sukoff/Unsplash.)
Pekin Insurance (Pekin, Ill.) has successfully launched commercial lines in Utah, with help from ValueMomentum (Piscataway, N.J.). ValueMomentum reports that it configured the insurer’s Guidewire InsuranceSuite with commercial lines for the state of Utah as part of a fixed fee engagement.
Pekin Insurance’s vision is to expand its commercial lines business into additional states to develop a presence beyond the Midwest and drive growth, according to a ValueMomentum statement. The Utah implementation entailed implementing commercial auto, workers’ compensation, business owners’ policy, commercial package product, and commercial umbrella in Guidewire InsuranceSuite and Guidewire ProducerEngage. The Utah state expansion engagement will be optimized to serve as a template for future geographic expansion initiatives, the vendor statement says.
As Pekin Insurance’s trusted vendor partner, ValueMomentum says it has been engaged with its Guidewire InsuranceSuite application providing application management, integration, testing and more recently upgrade services to the Guidewire Cloud Platform through its partnership with Guidewire.
“We are pleased with ValueMomentum’s flexible and cost-effective factory delivery model, and early results from the expansion are positive,” comments Amy Bingham, CIO, Pekin Insurance. “As we facilitate the adoption of a product-centric business model operating through agile practices, we look forward to the flexibility and agility afforded by ValueMomentum’s engagement model and its expertise with insurance and technology.”
“We appreciate our long-standing partnership with Pekin Insurance and the privilege to contribute to their growth objectives,” comments James Carlucci, Executive Vice President, Insurance, ValueMomentum. “We are proud of our project teams who draw on ValueMomentum’s deep property and casualty insurance expertise, expert Guidewire global community of practice, and the tools and assets that enable rapid, agile and high-quality deliveries to drive great value to our clients’ initiatives.”
Pekin Insurance Drives Business Growth on Guidewire InsurancePlatform
ValueMomentum to Open Regional Development Center in Erie, Pa.