Welcome to our dedicated page for GUIDEWIRE SOFTWARE news (Ticker: GWRE), a resource for investors and traders seeking the latest updates and insights on GUIDEWIRE SOFTWARE stock.
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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Earnix's new Ready for Guidewire validated accelerator is now available to Guidewire PolicyCenter Cloud users in the Guidewire Marketplace. Insurers can quickly create prices and personalized product offers that account for customer risk factors, while aligning to company strategies and goals. Earnix's Accelerator for Rating and Pricing enables insurers to establish a real-time connection between Guidewire and Earnix, accelerate time-to-market speed, and improve profitability. Earnix Price-It also includes in-platform modeling capabilities. Integration with Guidewire empowers customers to innovate and grow profitably.
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Wawanesa successfully deploys Guidewire Cloud to drive service, innovation, and growth
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19 specializations awarded to 10 Guidewire PartnerConnect Consulting partners in Q4 2023, solidifying their capabilities and expertise.
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Belron Canada's new Ready for Guidewire accelerator is now available in the Guidewire Marketplace, offering Canadian insurers a self-service solution for digitizing and managing auto glass claims. The solution allows for automatic coverage validation, claim creation, payment, and closing, increasing efficiency and reducing costs. Belron Canada aims to improve efficiency, raise consumer satisfaction, and provide savings to joint customers.
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Hollard Insurance implements Guidewire ClaimCenter on Guidewire Cloud to enhance claims management system and digital capability
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Kano Evoleen Consortium joins Guidewire PartnerConnect as a Consulting alliance member at the Select level serving insurance companies in EMEA.
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Guidewire announces exceptional Q4 results with record demand for Guidewire Cloud Platform. Sales activity exceeded expectations, adding to confidence in achieving financial targets. ARR and Fully Ramped ARR grew 15% and 17% respectively. Total revenue for FY2023 increased by 11% to $905.3 million. Non-GAAP subscription and support gross margins improved 8%. GAAP loss from operations decreased to $149.5 million. Non-GAAP net income was $29.2 million. Company generated $38.4 million in cash from operations. Q4 revenue increased by 10% to $270.0 million. Non-GAAP net income was $62.8 million. Company had $927.5 million in cash, cash equivalents, and investments at July 31, 2023. Company provides outlook for FY2024 with ARR between $846 million and $858 million, total revenue between $976 million and $986 million, operating income (loss) between $(100) million and $(90) million, and operating cash flow between $95 million and $125 million.
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Roots Automation (NYSE: GWRE) joins Guidewire's Insurtech Vanguards program, offering AI-powered Digital Coworkers to revolutionize work in the P&C industry. The program aims to increase operational efficiency, improve margins, and connect insurtechs with Guidewire's P&C customers.
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Guidewire (NYSE: GWRE) will release its financial results for Q4 and fiscal year 2023 on September 7, 2023. A conference call and webcast will follow at 2:00 p.m. PT to review the results.
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IAA's new Ready for Guidewire validated accelerators are now available to Guidewire ClaimCenter users in the Guidewire Marketplace, allowing for integration of IAA Loan Payoff and salvage inventory processing with ClaimCenter. This can help reduce claim cycle times and costs.
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FAQ
What is the current stock price of GUIDEWIRE SOFTWARE (GWRE)?
The current stock price of GUIDEWIRE SOFTWARE (GWRE) is $173.74 as of December 23, 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
14.40B
83.13M
0.48%
99.74%
2.1%
Software - Application
Services-prepackaged Software
United States of America
SAN MATEO