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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.
Rhea-AI Summary
Guidewire (NYSE: GWRE) and Karate Labs have announced a partnership, with Karate joining Guidewire PartnerConnect as a new Solution partner at the Select level. This collaboration will enable Guidewire to develop feature enhancements for its customers directly in Karate and backport advancements from Guidewire's offerings to the broader Karate community. Karate's open-source test automation platform will be embedded in Guidewire's API testing for all Guidewire Cloud customers, allowing them to ensure APIs are working correctly and can be smoothly integrated into various applications.
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Guidewire Software, Inc. will host a live webcast of its Analyst and Investor Meeting on November 13, 2023. The event will provide updates on the company's corporate and product strategy, customer momentum, and financials. The webcast will be accessible on the Company's investor relations website.
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CNA has chosen Guidewire ClaimCenter and Guidewire PolicyCenter on Guidewire Cloud to enhance its claims, policy administration, and underwriting businesses. The implementation aims to streamline IT operations, adapt to market demands, and enhance agent and customer engagement.
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Guidewire and U Scope Technologies announced the availability of PHOTO iD's Ready for Guidewire validated accelerator in the Guidewire Marketplace. PHOTO iD by U Scope is a cloud-based photo management and documentation platform that allows insurers to capture and label property inspection images, create custom inspection workflow templates, and share detailed inspection reports. Insurers can easily access inspection updates and reports within ClaimCenter, improve field documentation efficiency, and decrease inspection costs and errors. PHOTO iD includes features like a roof pitch gauge, in-camera compass, pre-labeled inspection category folders, and real-time voice-labeled captions.
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Beneva, the largest mutual insurance company in Canada, has successfully deployed Guidewire ClaimCenter on Guidewire Cloud to enhance its claims business and IT operations. They migrated their self-managed ClaimCenter environment onto Guidewire Cloud and are currently migrating their Guidewire PolicyCenter and Guidewire BillingCenter environments as well. With this project, Beneva will become a full Guidewire InsuranceSuite customer on Guidewire Cloud.
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Heffernan Insurance Brokers has implemented Guidewire HazardHub to enhance customer service and grow its business. HazardHub provides comprehensive property and casualty risk data, including fire hydrant locations, allowing Heffernan to tailor insurance coverages for its customers. The data is helping their staff work more efficiently, brokers have more meaningful conversations with prospects, and customers better understand their quotes and policies.
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Guidewire and Appian announce the availability of Appian's Ready for Guidewire integration in the Guidewire Marketplace. The integration allows insurers to streamline enterprise processes and boost operational efficiency through AI and automation. Insurers can quickly build apps and workflows using low-code development and access pre-built Connected Insurance solutions.
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EvolutionIQ joins Guidewire PartnerConnect as a new Solution partner, and Guidewire makes a strategic investment in EvolutionIQ. The partnership aims to help insurers transform their claims processes using EvolutionIQ's AI-powered Claims Guidance, reducing claim losses and expenses.
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Assurant's new Ready for Guidewire validated accelerators, HOIVerify and Carrier Direct Endorsement, are now available in the Guidewire Marketplace. These solutions streamline processes for insurers, improving efficiency and customer experience. HOIVerify facilitates automatic data exchange between insurers and mortgage servicers, reducing manual data exchange and increasing policyholder satisfaction. Carrier Direct Endorsement expedites claim funds availability for claimants, allowing them to begin home repairs sooner. Insurers can transmit claim information to Assurant and quickly receive payment instructions, reducing claim cycle time and costs. Assurant focuses on creating seamless solutions that enhance customer experiences.
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Promutuel Insurance has successfully deployed Guidewire ClaimCenter and Guidewire PolicyCenter on Guidewire Cloud to enhance its claims, underwriting, and policy administration businesses. The company is currently implementing Guidewire BillingCenter onto Guidewire Cloud.
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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