GUIDEWIRE SOFTWARE, INC. - GWRE STOCK NEWS

MAPFRE USA has successfully deployed Guidewire products to enhance its digital transformation and expedite product launches. Key implementations include InsuranceSuite, Client Data Management, Rating Management, and EnterpriseEngage, aimed at improving policy administration and customer experience. MAPFRE is also integrating PolicyCenter and other services in Guidewire Cloud, powered by AWS, facilitating modern operational capabilities. This collaboration positions MAPFRE as a competitive digital leader in the insurance industry.

Guidewire Software, Inc. (NYSE: GWRE) announced that ClearPay has joined its PartnerConnect as a Solution partner. ClearPay specializes in automating payment processes for P&C insurers, enabling them to transfer funds and remittance data efficiently. The Ready for Guidewire integration allows insurers to receive standardized payment information directly within Guidewire BillingCenter, eliminating manual entry. ClearPay's automation aims to enhance profitability for insurers without burdening their agency partners.

Guidewire Software (NYSE: GWRE) has welcomed ABI Document Support Services as a Solution partner in its PartnerConnect program. This collaboration aims to enhance efficiency in claims processing by integrating ABI's record retrieval services into Guidewire's ClaimCenter platform. ABI specializes in rapid, secure record retrieval, enabling faster claim resolution. The partnership reflects both companies' commitment to innovation in the property and casualty insurance industry, promising improved cost-effectiveness and streamlined document management for insurance partners.

Guidewire Software (NYSE: GWRE) has welcomed ANCILE Solutions as a Solution partner in its PartnerConnect program. ANCILE’s uPerform, a digital learning platform, has received the 'Ready for Guidewire' validation. This accelerator allows insurers to enhance user adoption of InsuranceSuite applications, providing on-the-job customized performance support. Key benefits include improved customer experience, efficient task completion, and reduced training costs, ensuring employees receive help when needed. The collaboration aims to boost user satisfaction and operational efficiency for customers in the insurance industry.

Guidewire Software (NYSE: GWRE) announced that The Philadelphia Contributionship (TPC), the oldest P&C insurance company in the U.S., will migrate to Guidewire Cloud to enhance innovation and efficiency. TPC has been using Guidewire's InsuranceNow since 2014 for core operations. This transition aims to reduce IT maintenance burdens, allowing focus on critical business objectives. Guidewire Cloud, powered by AWS, offers increased security, scalability, and flexibility. Both companies emphasize their strong partnership, ensuring TPC remains competitive and efficient in delivering insurance services.

Guidewire Software (NYSE: GWRE) has announced that Compex Legal Services, a provider of record retrieval services, has joined its PartnerConnect as a Solution partner. Compex’s new Ready for Guidewire validated add-on is now available in the Guidewire Marketplace. This integration enhances the claims handling process by allowing insurers to order records directly within ClaimCenter, improving speed and reducing costs. Compex aims to streamline claims resolution, increasing efficiency for insurance adjusters and enhancing customer satisfaction through faster processing.

Guidewire Software, Inc. (NYSE: GWRE) announced a stock repurchase program of up to $200 million to enhance shareholder value. This initiative allows the company to buy back shares at its discretion, based on market conditions, and has no time limit or minimum purchase requirement. CEO Mike Rosenbaum emphasized the program's goal to return value to shareholders while maintaining a strong balance sheet, leveraging the $1.4 billion in cash and investments as of July 31, 2020. The repurchase aligns with the company’s long-term growth strategy.

Guidewire Software, Inc. (NYSE: GWRE) announced a virtual Analyst Day slated for Tuesday, October 13, 2020. The event will start at 1 p.m. ET and conclude around 4 p.m. ET. Attendees can access the live webcast through the investor relations section at ir.guidewire.com. A replay will be available for approximately two weeks post-event. Guidewire is recognized as the trusted platform for Property and Casualty insurers, facilitating their digital transformation and operational efficiency.

INTERTEL has joined Guidewire PartnerConnect as a Solution partner, enhancing the capabilities of Guidewire for property and casualty insurers. INTERTEL's Ready for Guidewire validated accelerators streamline the claims process, enabling seamless initiation, tracking, and report generation for medical canvass requests within Guidewire ClaimCenter. This partnership aims to improve the efficiency and accuracy of medical claims assessment, addressing potential fraud and providing comprehensive claimant treatment histories.