HDI Global Insurance Company Selects Guidewire for Policy Administration and Underwriting
HDI Global Insurance Company (HGIC), the U.S. subsidiary of HDI Global SE, has selected Guidewire PolicyCenter on Guidewire Cloud as its new system for policy administration and underwriting. The implementation will begin with general liability, led by Ernst & Young LLP.
HGIC Chief Underwriting Officer Marco Hensel expects PolicyCenter to positively impact their combined ratio through improved underwriting and increased efficiencies. Chief Information and Transformation Officer Kashif Syed emphasized that this partnership aligns with HDI's strategic vision for market leadership through innovative solutions.
The selection was based on Guidewire's modern platform capabilities, market leadership, cloud maturity, and successful implementation track record. The cloud-based solution will enable HGIC to streamline policy management processes while Guidewire handles system maintenance.
HDI Global Insurance Company (HGIC), la filiale statunitense di HDI Global SE, ha scelto Guidewire PolicyCenter su Guidewire Cloud come nuovo sistema per l'amministrazione delle polizze e la sottoscrizione. L'implementazione inizierà con la responsabilità civile generale, guidata da Ernst & Young LLP.
Il Chief Underwriting Officer di HGIC, Marco Hensel, si aspetta che PolicyCenter influisca positivamente sul loro rapporto combinato grazie a una sottoscrizione migliorata e a una maggiore efficienza. Il Chief Information and Transformation Officer, Kashif Syed, ha sottolineato che questa partnership è in linea con la visione strategica di HDI per la leadership di mercato attraverso soluzioni innovative.
La selezione si è basata sulle capacità della moderna piattaforma di Guidewire, sulla leadership di mercato, sulla maturità del cloud e sulla comprovata esperienza di implementazione. La soluzione basata sul cloud consentirà a HGIC di semplificare i processi di gestione delle polizze mentre Guidewire si occuperà della manutenzione del sistema.
HDI Global Insurance Company (HGIC), la filial estadounidense de HDI Global SE, ha seleccionado Guidewire PolicyCenter en Guidewire Cloud como su nuevo sistema para la administración de pólizas y suscripción. La implementación comenzará con la responsabilidad civil general, liderada por Ernst & Young LLP.
El Chief Underwriting Officer de HGIC, Marco Hensel, espera que PolicyCenter impacte positivamente su ratio combinado a través de una mejor suscripción y mayores eficiencias. El Chief Information and Transformation Officer, Kashif Syed, enfatizó que esta asociación se alinea con la visión estratégica de HDI para el liderazgo en el mercado mediante soluciones innovadoras.
La selección se basó en las capacidades de la moderna plataforma de Guidewire, el liderazgo en el mercado, la madurez de la nube y un historial de implementación exitoso. La solución basada en la nube permitirá a HGIC optimizar los procesos de gestión de pólizas mientras Guidewire se encarga del mantenimiento del sistema.
HDI 글로벌 보험 회사 (HGIC), HDI Global SE의 미국 자회사, 는 정책 관리 및 인수 시스템으로 Guidewire PolicyCenter를 Guidewire Cloud에서 선택했습니다. 구현은 Ernst & Young LLP가 주도하는 일반 책임 보험부터 시작됩니다.
HGIC의 수석 인수 담당자 마르코 헨셀은 PolicyCenter가 개선된 인수 및 효율성 증대를 통해 복합 비율에 긍정적인 영향을 미칠 것으로 기대하고 있습니다. 정보 및 혁신 담당 수석 책임자인 카시프 시드는 이번 파트너십이 혁신적인 솔루션을 통한 시장 리더십을 위한 HDI의 전략적 비전과 일치한다고 강조했습니다.
선택은 Guidewire의 현대적인 플랫폼 기능, 시장 리더십, 클라우드 성숙도 및 성공적인 구현 실적을 기반으로 하였습니다. 클라우드 기반 솔루션은 HGIC가 정책 관리 프로세스를 간소화할 수 있도록 하며, Guidewire는 시스템 유지 관리를 담당합니다.
HDI Global Insurance Company (HGIC), la filiale américaine de HDI Global SE, a sélectionné Guidewire PolicyCenter sur Guidewire Cloud comme son nouveau système pour l'administration des polices et la souscription. L'implémentation débutera avec la responsabilité civile générale, dirigée par Ernst & Young LLP.
Le Chief Underwriting Officer de HGIC, Marco Hensel, s'attend à ce que PolicyCenter ait un impact positif sur leur ratio combiné grâce à une souscription améliorée et une efficacité accrue. Le Chief Information and Transformation Officer, Kashif Syed, a souligné que ce partenariat s'aligne avec la vision stratégique de HDI pour le leadership sur le marché grâce à des solutions innovantes.
La sélection était basée sur les capacités modernes de la plateforme de Guidewire, le leadership sur le marché, la maturité du cloud et un historique d'implémentation réussi. La solution basée sur le cloud permettra à HGIC de rationaliser les processus de gestion des polices tandis que Guidewire s'occupera de la maintenance du système.
HDI Global Insurance Company (HGIC), die US-Tochtergesellschaft von HDI Global SE, hat Guidewire PolicyCenter auf Guidewire Cloud als ihr neues System für die Policenverwaltung und Underwriting ausgewählt. Die Implementierung beginnt mit der allgemeinen Haftpflichtversicherung, geleitet von Ernst & Young LLP.
Der Chief Underwriting Officer von HGIC, Marco Hensel, erwartet, dass PolicyCenter ihre kombinierte Quote durch verbesserte Underwriting-Prozesse und erhöhte Effizienz positiv beeinflussen wird. Der Chief Information and Transformation Officer, Kashif Syed, betonte, dass diese Partnerschaft mit der strategischen Vision von HDI für Marktführerschaft durch innovative Lösungen übereinstimmt.
Die Auswahl basierte auf den modernen Plattformfähigkeiten von Guidewire, der Marktführerschaft, der Reife der Cloud und einer erfolgreichen Implementierungshistorie. Die cloudbasierte Lösung wird es HGIC ermöglichen, die Prozesse der Policenverwaltung zu optimieren, während Guidewire die Systemwartung übernimmt.
- Expected improvement in combined ratio through enhanced underwriting capabilities
- Increased operational efficiency through streamlined policy management
- Reduced costs through automated system maintenance
- Technology modernization enabling faster and more accurate service delivery
- None.
Insights
Guidewire's latest customer win demonstrates continued momentum in their strategic cloud transition. HDI Global's selection of PolicyCenter on Guidewire Cloud represents a significant enterprise deal that validates Guidewire's market leadership position in insurance core systems.
The implementation's phased approach, starting with general liability, indicates a long-term growth opportunity as additional insurance lines are added over time. This incremental deployment strategy typically results in expanding relationships and recurring revenue streams for Guidewire.
Most notably, HDI's executives explicitly connected this implementation to anticipated improvements in their combined ratio through enhanced underwriting capabilities and operational efficiency gains. This articulation of tangible business outcomes reinforces Guidewire's value proposition in the competitive insurance platform landscape.
The involvement of EY as implementation partner signals the enterprise-scale nature of this deployment. Such partnerships are crucial to Guidewire's success model, as they expand implementation capacity while allowing Guidewire to focus on product development and customer success.
For Guidewire investors, this announcement represents another proof point in the company's successful execution of its cloud transition strategy, particularly important as they compete against both legacy vendors and newer insurtechs in the policy administration space.
This deal represents another enterprise customer win in Guidewire's ongoing cloud transition - a critical validation of their platform strategy. While no financial details were disclosed, enterprise policy administration implementations typically generate multi-year, multi-million dollar subscription revenue streams.
The phased implementation approach is strategically significant. Beginning with general liability creates an expansion pathway for additional insurance lines, potentially increasing the contract value over time. This land-and-expand model has proven effective for Guidewire's cloud business.
HDI's explicit mention of improving their combined ratio through this implementation speaks directly to the ROI justification. Insurance carriers don't make core system changes without compelling financial drivers, and this statement indicates HDI sees material operational benefits.
The selection of EY as implementation partner further validates the enterprise-scale nature of this project. Such partnerships are essential to Guidewire's scaling strategy, as implementation resources often constrain growth for insurance technology vendors.
For Guidewire investors, each cloud win strengthens the company's recurring revenue base while reducing dependency on legacy license and maintenance streams. These transitions typically yield higher customer lifetime values while improving revenue predictability - factors that support valuation multiples in software businesses.
Corporate & Specialty insurer, HDI Global selects Guidewire PolicyCenter on Guidewire Cloud to enhance operational efficiency, improve customer experience, facilitate scalability, and leverage data-driven insights
“We selected PolicyCenter on Guidewire Cloud because Guidewire has the modern, resilient, scalable, and secure platform and market leadership, cloud and product maturity, and track record of successful implementation projects that we were looking for,” said HGIC Chief Underwriting Officer Marco Hensel. “PolicyCenter will impact our combined ratio over time through better, smarter underwriting, while reducing cost through increased efficiencies.”
HGIC Chief Information and Transformation Officer (CITO) Kashif Syed added, “HDI is committed to innovation and excellence in the insurance sector. Our partnership with Guidewire aligns with our strategic vision to be a leader in the insurance market through innovative solutions and act as our clients preferred Partner in Transformation. As the industry continues to evolve, leveraging cutting-edge technology is essential for maintaining a competitive edge. Guidewire's advanced technology platform will empower HDI
“We are honored that HDI and Guidewire have entrusted us with implementing PolicyCenter on Guidewire Cloud,” said Ernst & Young LLP Technology Consulting Partner Vandana Sule. “We look forward to supporting both companies as HDI begins its cloud journey.”
“We thank HDI for its confidence in Guidewire and our cloud platform,” commented Guidewire Chief Commercial Officer David Laker. “We are pleased to work with HDI to help it continue serving as a partner to its brokers and policyholders with innovative and proven solutions; to create real value and to maintain it.”
About HDI Global SE (HDI)
Corporate & Specialty Insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners.
In
Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programs and offers its multinational client’s compliant coverage worldwide. HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx.
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of AA-/stable (very strong), and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.For more information, please visit https://www.hdi.global/en-us/.
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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250327333325/en/
Albert Lin
Public Relations Manager
Guidewire Software, Inc.
+1.415.205.4214
allin@guidewire.com
George Contoravdis
Business Development Manager
HDI Global Insurance Company
312-589-6752
george.contoravdis@us.hdi.global
Dr Frederic Strohm
Media Relations, HDI Global and Talanx Group
+49 511 3747 2117
frederic.strohm@talanx.com
Source: Guidewire
FAQ
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