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Guidewire Software, Inc. (symbol: GWRE) is a leading provider of software solutions tailored for the property and casualty (P/C) insurance industry. Guidewire combines core processing, data analytics, and digital engagement into a unified technology platform. This platform enables insurers to adapt and thrive amid the rapid changes in the industry.
Guidewire's flagship product, InsuranceSuite, is a comprehensive on-premises system of record. It comprises three main components:
- ClaimCenter: A robust claims management system designed to streamline and optimize claims processing.
- PolicyCenter: A policy management system that handles policy definitions, quotations, issuance, maintenance, and renewals.
- BillingCenter: A billing management system that facilitates payment plans and agent commissions.
In addition to InsuranceSuite, Guidewire offers InsuranceNow, a cloud-based solution, along with a variety of other add-on applications to enhance functionality and user experience.
With over 200 P/C insurers worldwide utilizing Guidewire's software, the company emphasizes customer and employee empowerment through technology. Guidewire is not only focused on delivering high-quality products but also on fostering partnerships and innovation within the insurance sector.
For the latest updates on Guidewire's projects, developments, and news, you can check out their blog, Smart Approach, at http://www.guidewire.com/blog/ or follow them on Twitter at @Guidewire_PandC.
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Guidewire (GWRE) to Release First Quarter Fiscal Year 2024 Financial Results on December 7, 2023
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Ericsson (ERIC) and Vodafone (VOD) announced a strategic partnership to develop a new 5G network in Ireland. The collaboration aims to revolutionize the country's digital infrastructure and enhance connectivity for businesses and consumers.
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Guidewire (NYSE: GWRE) celebrates outstanding achievements of its PartnerConnect ecosystem and ‘All-Star’ performers with new awards at CONNECTIONS CONFERENCE. The awards highlight PartnerConnect Excellence Awards, Insurtech Vanguard awards, and customer All-Star Class of 2023, recognizing digital transformation and business value for customers and their insureds.
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Guidewire (NYSE: GWRE) Innovation Awards 2023 winners announced at Connections Conference. Winners include Definity with Deloitte and Google Cloud, Tryg with Hexaware, and Westfield Specialty with Deloitte and ValueMomentum. Awards recognize driving new business growth, improving customer experience, and increasing speed to market. Definity's cloud transformation journey with Guidewire has led to significant improvements in broker quote response time, digital FNOL adoption, and speed-to-market, showcasing both quantitative and qualitative benefits.
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Guidewire (NYSE: GWRE) Partners with Swiss Re Reinsurance Solutions to Drive Insurance Industry Interconnectivity and Innovation. The partnership aims to reduce operational friction within the insurance industry through advanced analytics and data transfer mechanisms. This collaboration will provide Guidewire and Swiss Re customers with a suite of analytics products, integrations, and data transfer mechanisms, starting with the deployment of Swiss Re Reinsurance Solutions’ proprietary data models and risk insights into the Guidewire cloud platform. The partnership is driven by a shared commitment to insurance innovation and excellence, aiming to streamline risk transfer processes and reduce industry protection gaps.
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Guidewire (NYSE: GWRE) and Akur8 Introduce New AI-Powered Pricing Solution for P&C Insurers
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Guidewire (NYSE: GWRE) Unveils Innsbruck Cloud Release at Connections Conference, Offering Advanced Digital Experiences and Automation for Insurers
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Guidewire (NYSE: GWRE): Tokio Marine Group's insurtech company, E.design, selects Guidewire Cloud to enhance business agility, simplify IT operations, and deliver more value to agents and policyholders. The move marks the first Japan-based company to migrate its existing self-managed InsuranceSuite installation to Guidewire Cloud, with plans to implement the products for its 'e' auto insurance brand.
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Guidewire (NYSE: GWRE) and Vertafore® announce the availability of Sircon® for Guidewire, a new app in the Guidewire Marketplace. The app provides automated compliance authorization verification for insurers using PolicyCenter Cloud, enhancing efficiency and reducing compliance risk.
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Great American Insurance Group (Great American) and Guidewire (NYSE: GWRE) have announced that Great American has chosen Guidewire InsuranceSuite on Guidewire Cloud to enhance its core business operations and adapt to changing market demands. This move aims to deliver more value to policyholders, agents, and brokers. Chief Information Officer Joe Kowaleski highlighted the benefits of this decision, emphasizing the streamlined updates and reduced IT involvement that Guidewire Cloud offers, freeing up the IT team for other projects. The company's employees are excited about the potential of this leading-edge technology to improve employee satisfaction.
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FAQ
What is the current stock price of GUIDEWIRE SOFTWARE (GWRE)?
The current stock price of GUIDEWIRE SOFTWARE (GWRE) is $176.03 as of December 20, 2024.
What is the market cap of GUIDEWIRE SOFTWARE (GWRE)?
The market cap of GUIDEWIRE SOFTWARE (GWRE) is approximately 14.4B.
What does Guidewire Software, Inc. do?
Guidewire Software provides software solutions for the property and casualty insurance industry, offering products like InsuranceSuite, InsuranceNow, and other applications.
What is InsuranceSuite?
InsuranceSuite is Guidewire's flagship on-premises system of record, including ClaimCenter, PolicyCenter, and BillingCenter.
What are the components of InsuranceSuite?
InsuranceSuite comprises three main components: ClaimCenter (claims management), PolicyCenter (policy management), and BillingCenter (billing management).
What is InsuranceNow?
InsuranceNow is a cloud-based software solution provided by Guidewire for the property and casualty insurance industry.
How many insurers use Guidewire's software?
More than 200 property and casualty insurers worldwide have selected Guidewire's software solutions.
Where can I find the latest news about Guidewire?
For the latest updates and news, you can visit Guidewire's blog at http://www.guidewire.com/blog/ or follow them on Twitter at @Guidewire_PandC.
How does Guidewire support insurance companies?
Guidewire supports insurance companies by providing software that enhances core processing, data analytics, and digital engagement, enabling them to improve customer and employee interactions.
What industries does Guidewire serve?
Guidewire primarily serves the property and casualty insurance industry.
Does Guidewire offer cloud-based solutions?
Yes, Guidewire offers InsuranceNow, a cloud-based solution for the property and casualty insurance industry.
How does Guidewire enhance digital engagement?
Guidewire enhances digital engagement by integrating technology that empowers insurers to interact more effectively with their customers and employees.
GUIDEWIRE SOFTWARE, INC.
NYSE:GWRE
GWRE Rankings
GWRE Stock Data
14.39B
83.12M
0.48%
99.74%
2.1%
Software - Application
Services-prepackaged Software
United States of America
SAN MATEO