Frankenmuth Insurance Selects Guidewire Cloud to Modernize Technology and Optimize Resources

Rhea-AI Summary

Frankenmuth Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire Cloud to modernize its core systems and IT operations. The company will migrate its existing InsuranceSuite from on-premises to Guidewire Cloud across all its business lines and operating states.

PwC, a Guidewire PartnerConnect Consulting Global Strategic member, will lead the migration project. The move will allow Frankenmuth to leverage Guidewire's cloud maturity and roadmap, enabling system maintenance shift to Guidewire while keeping current with latest innovations.

The implementation includes key features such as Guidewire Advanced Product Designer, Jutro Digital Platform for rapid capability development, and integration with third-party insurtech solutions through the Guidewire Marketplace. Frankenmuth will continue using Guidewire Predict and Analytics products for enhanced process analytics.

Positive

• Strategic cloud migration enables operational efficiency and resource optimization
• Access to latest innovations and automated system maintenance
• Enhanced capability to integrate with third-party insurtech solutions
• Improved analytics and data processing capabilities

Negative

• None.

Insights

Financial Analyst

Guidewire (NYSE: GWRE) has secured a strategic cloud migration deal with Frankenmuth Insurance, converting an existing on-premises customer to their cloud platform. This transaction represents meaningful progress in Guidewire's critical business transformation from perpetual licenses to recurring cloud subscription revenue.

The comprehensive scope of this migration is particularly significant - Frankenmuth is implementing Guidewire Cloud across all lines of business and states simultaneously, while also expanding their product footprint to include Advanced Product Designer, Jutro Digital Platform, and Guidewire Analytics. This pattern of expanded product adoption typically generates higher annual contract values and improved customer retention.

From an investor perspective, each cloud migration strengthens Guidewire's recurring revenue base, improving revenue predictability and long-term growth prospects. Frankenmuth's explicit endorsement of Guidewire's "cloud maturity and roadmap" validates the substantial R&D investments the company has made in its platform.

While financial terms remain undisclosed (typical for such announcements), the deal's comprehensive nature suggests meaningful revenue contribution. The involvement of PwC as implementation partner further demonstrates Guidewire's robust ecosystem, which creates additional market leverage through partner-led opportunities.

This migration represents execution against Guidewire's most critical strategic priority - transitioning their customer base to cloud while expanding product adoption within existing accounts.

FRANKENMUTH, Mich. & SAN MATEO, Calif.--(BUSINESS WIRE)-- Frankenmuth Insurance (Frankenmuth), a super-regional property and casualty (P&C) insurer, and Guidewire (NYSE: GWRE) announced that Frankenmuth selected Guidewire InsuranceSuite on Guidewire Cloud to power its core systems and simplify its IT operations. A Guidewire customer since 2014, the company will migrate InsuranceSuite from an on-premises environment to Guidewire Cloud simultaneously for all of its lines of business and states where it operates. Guidewire PartnerConnect Consulting Global Strategic member PwC has been selected to lead the migration project.

“We decided to migrate our current InsuranceSuite instance to Guidewire Cloud now because we are impressed with Guidewire’s cloud maturity and roadmap, allowing us to leverage the industry-leading cloud core platform,” said Frankenmuth Vice President and Chief Information Officer Curtis Williams. “We look forward to realizing the benefits of flexibility and scalability that come with being on Guidewire Cloud Platform. By operating InsuranceSuite on Guidewire Cloud, we will be able to shift system maintenance to Guidewire, so we can stay current on the latest innovations and enable our IT staff to focus on tasks that deliver value to our business.”

Williams added, “We are also excited about using Guidewire Advanced Product Designer and Guidewire Jutro Digital Platform to develop and deliver new capabilities quickly to our agents and policyholders, as well as integrating the third-party, best-in-class insurtechs that comprise the Guidewire Marketplace and PartnerConnect ecosystem to enhance our service offerings. Our actuaries and data scientists will continue to utilize Guidewire Predict and other Guidewire Analytics products to embed powerful analytics within our processes.”

“We are excited to once again partner with Frankenmuth Insurance as they advance to the next phase of their transformation journey through the implementation of InsuranceSuite on Guidewire Cloud,” said PwC Global and U.S. Guidewire Alliance Leader Imran Ilyas. “In today's fast-paced environment, embracing cloud technology is an essential, strategic move that will enable Frankenmuth to enhance its agility and scalability, while focusing on delivering innovative solutions and superior service to their customers. As a trusted partner, our team is dedicated to providing exceptional expertise and support to ensure Frankenmuth maximizes the benefits of this strategic transition.”

"We thank Frankenmuth for their partnership over the last several years and appreciate their trust in our cloud technology as they migrate to Guidewire Cloud," remarked Guidewire Chief Commercial Officer David Laker. "We look forward to seeing them transform the way they utilize the cloud to do business with their agents and policyholders and continue their mission of being the insurer of choice in protecting the individuals, families, and businesses that they serve."

About Frankenmuth

Frankenmuth Insurance’s core purpose is to provide peace of mind. Headquartered in historic Frankenmuth, Michigan, the company has been protecting individuals, families, and businesses for more than 155 years. We truly care about the people we serve and strive to be your insurer of choice by delivering unparalleled protection and service. As a super-regional carrier, we partner exclusively with more than 800 independent agencies in 15 states to customize business, home, auto, and life insurance policies and surety bonds. We are proud to be one of the industry’s most financially sound, stable, and secure carriers, with more than $2.3 billion in assets. We have earned an AM Best A (Excellent) financial strength rating or higher every year for more than 45 years. For more information, visit www.fmins.com.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250317820624/en/

Albert Lin

Public Relations Manager

Guidewire Software, Inc.

+1.415.205.4214

allin@guidewire.com

Abbe Adair

Director, Marketing

Frankenmuth Insurance

989-480-6260

abbe.adair@fmins.com

Source: Guidewire Software

FAQ

What benefits will Frankenmuth Insurance gain from migrating to Guidewire Cloud?

The migration will provide flexibility, scalability, automated system maintenance, and access to latest innovations while allowing IT staff to focus on value-adding tasks.

Which Guidewire products will Frankenmuth Insurance implement in this cloud migration?

Frankenmuth will implement InsuranceSuite, Advanced Product Designer, Jutro Digital Platform, Predict, and Analytics products on Guidewire Cloud.

How will the Guidewire Cloud migration affect Frankenmuth's service delivery?

It will enable faster development and delivery of new capabilities to agents and policyholders, plus integration with best-in-class insurtech solutions from the Guidewire Marketplace.

Who is leading Frankenmuth Insurance's Guidewire Cloud migration project?

PwC, a Guidewire PartnerConnect Consulting Global Strategic member, has been selected to lead the migration project.