Guidewire
Software, Inc., a provider of software to the Property & Casualty (P&C)
insurance industry, has announced it has completed the acquisition of ISCS. The
company also announced the immediate availability of Guidewire InsuranceNow™, a
cloud-based, all-in-one solution that supports the P&C insurance lifecycle.
“Guidewire’s
acquisition of ISCS enables it to add a proven option to the market,” said
Karen Furtado, partner, Strategy Meets Action. “It also illustrates the growing
importance of the cloud with respect to the solutions that vendors are
providing to the P&C market.”
“We
are excited to broaden our platform with the addition of InsuranceNow,” said
Anthony Lye, chief cloud officer, Guidewire. “In addition, the acquisition of
ISCS offers us additional IP and experience that will help us accelerate our
delivery of new cloud-based products and services.”
As
an all-in-one system, InsuranceNow includes key core functionality for policy
administration, billing, and claims management. It also includes data and
digital functionality, such as agent access and consumer portals, document
management, reinsurance, business intelligence, and producer management, within
a single system.
Key
InsuranceNow attributes and benefits include:
·
Cloud-based delivery and ongoing
operational support frees insurers to focus on innovation and respond rapidly
to market demands, even when they have limited IT support;
·
Functionality that supports data and
analytics and digital engagement in addition to core operations, delivering an
all-in-one integrated solution and resulting in less complexity for insurers;
·
An integrated design and guided
implementation approach for shorter project timeframes and quicker upgrades;
and
·
A common user interface and fewer login
screens that simplify the system login process, reduce training times, and
improve collaboration between agents, insurers, employees, and partners.
“InsuranceNow
is ideally suited to insurers who want to better compete with modern technology
but lack the IT resources and model to get there,” said Andy Scurto, former CEO
and founder, ISCS and now head of products for Guidewire InsuranceNow. “Its
integrated design, out-of-the-box functionality, and guided approach enable
rapid implementation and quick upgrades.”
Guidewire
delivers the software that Property & Casualty (P&C) insurers need to
adapt and succeed in a time of rapid industry change. We combine three elements
– core operations, data and analytics, and digital engagement – into a platform
that enhances insurers’ ability to engage and empower their customers and
employees. More than 260 P&C insurers around the world have selected
Guidewire.
No comments:
Post a Comment