(Aerial view of Dallas-Fort Worth Airport, near Dallas, Texas, home of Republic Group. Photo by Todd MacDonald.)
Republic Group has selected InsuranceSuite as its target system for legacy transformation. InsuranceSuite will be the Dallas, Texas-based carrier’s new platform for underwriting, policy administration, claims, billing, rating and client data. Republic Group has also selected the Guidewire DataHub operational data stoer for data management and Guidewire InfoCenter as its business intelligence solution. PWC US will lead the implementation effort.
Republic Group’s selection of InsuranceSuite was the result of an effort aiming to identify an integrated suite of core system components, according to Joe Mattingly, president and CEO, Republic Group. “Implementation of the Guidewire suite of products will have a significant positive impact due to increased functionality, improved overall customer experience (internal and external) and enhanced efficiencies,” Mattingly comments. “Guidewire is the right long-term partner for our business transformation needs.”
Republic Group’s selection of Guidewire applications is part of an organization-wide transformation initiative to support the company’s long term vision, according to a Guidewire statement. The insurer aims to modernize and improve efficiency of its infrastructure, better manage and improve the quality of its business data, and consolidate multiple policy administration and data storage systems onto a single platform.
Benefits Republic group will enjoy from implementing InsuranceSuite, DataHub, and InfoCenter include the following, according to the vendor:
- Increase speed-to-market of new product development and offerings;
- More readily manage and enable access to key core system data;
- Enhance the experience of its employees, agents and policyholders; and
- Reduce technology risks and associated costs.