Guidewire Software Recognised as a Leader for Fourth Consecutive Year in the 2021 Gartner® Magic Quadrant™ for Non-Life Insurance Platforms, Europe

Rhea-AI Summary

Guidewire Software (NYSE: GWRE) has been recognized as a Leader in Gartner's Magic Quadrant for Non-Life Insurance Platforms, Europe, achieving the highest score for Ability to Execute and the furthest position on Completeness of Vision. This marks the fourth consecutive year Guidewire has received this accolade. The report highlights Guidewire's strong market understanding, innovative technology, and commitment to cloud optimization. Additionally, the company reported successful platform updates and a focus on enhancing customer experience through advanced analytics.

Positive

• Recognized as a Leader in Gartner's Magic Quadrant for Non-Life Insurance Platforms, Europe for four consecutive years.
• Highest score for Ability to Execute and furthest on Completeness of Vision in the Gartner report.
• Introduced innovative cloud-optimized platform that supports insurers in modernizing legacy systems.
• Successful platform releases include Aspen and Banff in 2020, and Cortina in 2021.

Negative

• None.

Guidewire positioned highest for “ability to execute” and furthest for “completeness of vision”

LONDON--(BUSINESS WIRE)-- Guidewire Software, Inc. (NYSE: GWRE), today announced that it has been positioned as a Leader in Gartner, “Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe¹”. Guidewire was placed highest on the ability to execute axis and furthest on the completeness of vision axis. This is the fourth year that Gartner has produced a Magic Quadrant for Non-Life Insurance Platforms, Europe, and it marks the fourth year that Guidewire has been named a Leader. A complimentary copy of the report can be viewed here.

Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe - September 2021 (Graphic: Business Wire)

“Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They have a thorough market understanding, a strong non-life-insurance industry focus, and a clearly articulated vision for the future of the market and their products. Leaders offer technically solid and functionally complete software products. They have proven implementation track records with an adequate installed base,” according to the Gartner report.

“We are honoured to be recognised by Gartner for the fourth year in a row as a Leader in its Magic Quadrant for Non-Life Insurance Platforms, Europe,” said Laurent Fontaine, group vice president, Sales, EMEA, Guidewire Software. “We are committed to leading technology innovation in the non-life insurance industry and are setting the bar with our cloud-optimised platform. Customer success remains our top priority and we embrace those insurers seeking to modernise their legacy infrastructures and those wanting to test cloud by quickly bringing new business to market via a greenfield approach.”

Guidewire’s momentum with InsuranceSuite during 2020 – 2021 includes:

• Twice yearly releases of the Guidewire platform (Aspen and Banff in 2020, and Cortina so far in 2021), delivered as a cloud service, to accelerate innovation. Complex upgrades are a thing of the past, and operation and maintenance burdens are transferred to Guidewire.
• Delivery of Guidewire Cloud Platform which provides a Guidewire-engineered architecture for the cloud. It includes infrastructure, application services, and data services and enables the provisioning, scalability, and security of Guidewire cloud products.
• The reimagined Guidewire core platform with embedded analytics and native support for digital experiences for customers, agents, and employees — the most complete P&C insurance platform in the world.
• The industry’s first smart-loop analytics platform which enables improved understanding of risk signal, more automated processes, better decision-making, a better customer experience, and improved business intelligence.
• A complete set of APIs and integration tools, along with a world-class developer experience, that accelerate innovation while making it easier to integrate with other systems and build add-ons through a growing Guidewire Marketplace.
• Product functional completeness, tooling, and methodology to continually drive down the cost of implementing and operating the Guidewire platform.

*Additional Recognition:

• Magic Quadrant for P&C Core Platforms, North America, named a Leader seven consecutive times*

¹ Gartner, Magic Quadrant for Non-Life Insurance Platforms, Europe, James Ingham, Sham Gill, 27 September 2021
Gartner, Magic Quadrant for P&C Core Platforms, North America, James Ingham, Sham Gill,14 September 2021
Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Guidewire

Guidewire is the platform general insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.

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/20211004005396/en/

Daniel Couzens

Allison + Partners

+44(0)203 971 4308

guidewire@allisonpr.com

Louise Bradley

Guidewire Software

+44(0)7474 837 860

lbradley@guidewire.com

Source: Guidewire Software, Inc.

FAQ

What does Gartner's Magic Quadrant say about Guidewire Software (GWRE)?

Gartner's Magic Quadrant positioned Guidewire Software as a Leader for its Ability to Execute and Completeness of Vision in the Non-Life Insurance Platforms sector for Europe.

How many times has Guidewire been recognized as a Leader in Gartner's report?

Guidewire has been recognized as a Leader in Gartner's Magic Quadrant for four consecutive years.

What recent developments has Guidewire made in its platform?

Guidewire has released multiple updates to its platform, including Aspen, Banff, and Cortina, all designed to enhance cloud optimization and customer experience.