GUIDEWIRE SOFTWARE, INC. - GWRE STOCK NEWS

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.

Guidewire Software (GWRE) has been recognized as a Leader in Gartner's Magic Quadrant for Non-Life Insurance Platforms, Europe for the third consecutive year. The report evaluated 11 vendors in the non-life insurance sector, highlighting Guidewire's strong ability to execute and comprehensive vision. Keith Stonell, VP of EMEA, emphasized the company's commitment to addressing the industry's technology needs with their cloud-optimized platform that integrates digital, analytics, and core functions. This recognition reflects Guidewire's focus on customer success and innovation.

Encircle has partnered with Guidewire Software, joining the Guidewire PartnerConnect ecosystem as a Solution partner. Their integration allows insurers using Guidewire ClaimCenter to utilize Encircle’s Ready for Guidewire add-on for Fast Claims Settlement. This tool simplifies claims management by enabling real-time data capture through photos, videos, and notes, which sync back into ClaimCenter. Encircle's solution aims to reduce claim cycle times and enhance customer satisfaction by streamlining communication among all parties involved.