GUIDEWIRE SOFTWARE, INC. - GWRE STOCK NEWS

Guidewire Software, Inc. (NYSE: GWRE) has awarded 10 specializations to four PartnerConnect Consulting partners during the fourth quarter of its fiscal year 2021. The specializations recognize partners' expertise in Guidewire products and solutions, enhancing service offerings for insurance clients. New cloud specializations—Cloud Ready and Cloud—were also introduced to boost partners' cloud implementation skills. Over 100 specializations have been achieved by partners, enabling better identification of their competencies. Guidewire promotes certifications for partners’ staff to strengthen their market qualifications.

InvoiceCloud, a partner of Guidewire Software (NYSE: GWRE), announced the launch of new payment integration solutions for PolicyCenter and BillingCenter. These validated accelerators aim to enhance the payment and collections experience for insurers, allowing policyholders to access various payment options easily. The InvoiceCloud platform emphasizes customer satisfaction through personalized billing options, while its integration within Guidewire Marketplace streamlines operations. This technology is expected to drive higher adoption rates for online payments and improve insurer efficiency.

Guidewire Software, Inc. (NYSE: GWRE) will host a virtual Analyst and Investor Meeting on September 30, 2021, at 1:00 p.m. PT (4:00 p.m. ET). The meeting will provide updates on the company's corporate and product strategies, customer momentum, and financials. Participants can access the live webcast via the investor relations website at https://ir.guidewire.com. A replay will be available for two weeks post-event. Guidewire is recognized for its platform supporting over 400 insurers worldwide.

Upptec, a provider of automated claim solutions, has launched a new add-on for Guidewire's ClaimCenter. This add-on automates the valuation of damaged goods, enabling insurers to deliver quicker, unbiased, and transparent settlements. By accessing Upptec’s product database, adjusters can determine item values based on local retailer prices, streamlining the compensation process. This integration aims to reduce claim handling time and costs while improving the overall experience for claimants.

Guidewire Software, Inc. (NYSE: GWRE) announced a significant deployment of Guidewire Digital by Frankenmuth Insurance, enhancing the digital experience for agents in Business Owners and Workers' Compensation lines across multiple states. This implementation enables 'Day Two' transactions and improved change requests, fostering better agency relationships. User feedback indicates increased efficiency and productivity, with agents benefiting from quicker quote processes. Frankenmuth, with $1.8 billion in assets and an 'A' rating from A.M. Best, aims to be the insurer of choice.

Guidewire Software, Inc. (NYSE: GWRE) has been recognized as a Challenger in the Gartner Magic Quadrant for P&C Core Platforms in North America for the fifth consecutive year. The report highlights the growing trend of cloud deployment in the insurance sector, with 97% of new deals in 2020 and early 2021 involving cloud solutions. Guidewire's InsuranceNow has shown strong momentum through consistent customer acquisition and product upgrades, including the launch of the Guidewire Marketplace ecosystem with 24 apps from various partners.

Insurepay has launched a new integration for Guidewire's PolicyCenter, enhancing the implementation of pay-as-you-go billing for workers’ compensation policies. This cloud-based platform simplifies premium calculations using real-time payroll data, resulting in improved cash flow and reduced operational costs for insurers. With over 1,500 payroll partnerships, Insurepay provides policyholders with a customizable experience, fostering satisfaction and retention. The integration allows quick enrollment and transparency in billing, offering a modern solution to outdated billing practices.