Mountain West Farm Bureau Selects Guidewire Cloud for Business Growth

Rhea-AI Summary

Mountain West Farm Bureau Mutual Insurance has chosen Guidewire Software (GWRE) to implement InsuranceSuite in Guidewire Cloud, aimed at optimizing core operations and enhancing IT efficiency. This strategic move is set to allow Mountain West to adapt to market shifts more swiftly and improve value for policyholders. Additionally, they will utilize SmartCOMM for optimized customer communications management. The collaboration highlights Guidewire's commitment to the P&C insurance sector and its robust cloud solutions.

Positive

• Selection of Guidewire Cloud for InsuranceSuite implementation enhances operational efficiency.
• Access to continuous innovations in technology supports digital transformation.
• Partnership aims to improve customer experience through advanced communication tools.

Negative

• None.

Mountain West Farm Bureau Mutual Insurance, a Wyoming-based multi-line insurer, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced that Mountain West Farm Bureau will be subscribing to InsuranceSuite in Guidewire Cloud to power its core operations and simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to policyholders. The company plans to implement InsuranceSuite in Guidewire Cloud by line of business.

“We selected Guidewire because it is the company best aligned with the P&C industry and has a strong relationship with other Farm Bureaus. Guidewire is also firmly committed to the cloud. By selecting Guidewire Cloud now, we will always have access to their latest innovations and won’t have to migrate in the future,” said Tim Hays, Vice President, Information Technology, Mountain West Farm Bureau. “Guidewire Cloud offers us the most complete cloud solution available in the marketplace, and it will always stay current. It has everything that we need to run our organization and is a key component of our digital transformation strategy and the digitalization of our organization going forward. We believe Guidewire has a successful implementation plan to get us there.”

Jamie Terry, Vice President, Organizational Development, Mountain West Farm Bureau, said, “We are a very relationship-driven company, so improving and enriching our customers’ experiences is at the forefront of everything we do. Guidewire Cloud will help us achieve this by enabling us to stay current with technology through quicker updates and improve our business continuity, risk mitigation, stability, and security. We will also leverage industry best practices across the insurance lifecycle to empower employees and increase their efficiency by streamlining workflow and automation, advancing the way we do business, and elevating the overall experience for agents and customers.”

“We welcome Mountain West Farm Bureau to the Guidewire Cloud,” said Frank O’Dowd, Chief Sales Officer, Guidewire Software. “We are pleased by the organization’s vote of confidence in our cloud services capabilities and look forward to helping the company continue its mission of providing financial peace of mind for their customers with competitive, quality products and services.”

Mountain West Farm Bureau also selected SmartCOMM™ from Smart Communications for customer communications management. Guidewire is a reseller of Smart Communications, a Guidewire PartnerConnect Solution member.

About Mountain West Farm Bureau Mutual Insurance

Mountain West is a multi-line insurance company, serving the needs of individuals, families, and businesses throughout Wyoming and Montana for over 70 years. Our mission is to provide peace of mind for our customers with competitive, quality products and services. For more information, please visit http://www.mwfbic.com.

About Guidewire Software

Guidewire is the platform P&C 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/20210628005098/en/

FAQ

What is the significance of Mountain West Farm Bureau choosing Guidewire Software (GWRE)?

Mountain West Farm Bureau selected Guidewire to implement InsuranceSuite in Guidewire Cloud, which is anticipated to enhance their operational efficiency and digital transformation.

When will Mountain West Farm Bureau implement InsuranceSuite in Guidewire Cloud?

Mountain West Farm Bureau plans to implement InsuranceSuite in Guidewire Cloud by line of business, although specific timelines are not detailed in the announcement.

How will Guidewire's cloud solutions benefit Mountain West Farm Bureau?

Guidewire's cloud solutions are expected to help Mountain West adapt to market changes more quickly and improve the value delivered to policyholders.

What additional tools are being used alongside Guidewire Software (GWRE)?

Mountain West Farm Bureau will also use SmartCOMM for customer communications management, enhancing their overall customer experience.