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Guidewire Software Inc (NYSE: GWRE) provides mission-critical software solutions for property and casualty insurers worldwide. This dedicated news hub offers investors and industry professionals centralized access to official announcements, strategic developments, and operational updates from the insurtech leader.
Track comprehensive coverage of GWRE's innovations in claims management systems, cloud-based policy administration tools, and data analytics integrations. The resource aggregates essential updates including earnings reports, product launches, executive appointments, and partnership announcements relevant to insurance technology stakeholders.
Discover timely information about InsuranceSuite enhancements, InsuranceNow cloud migrations, and digital engagement platform expansions. Content maintains strict editorial standards to ensure accuracy and compliance with financial disclosure regulations.
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Guidewire (NYSE: GWRE) announced that If Skadeförsäkring, the Nordic region's leading property and casualty insurer, has completed its first business release of Guidewire InsuranceSuite on Guidewire Cloud Platform (GWCP). The platform will enhance If's partner-related automotive business in Sweden, serving almost one million car owners.
The implementation leverages GWCP's modular infrastructure and platform services, including the latest Las Leñas cloud release with new risk-scoring tools for underwriters and actuaries. Accenture, a Guidewire PartnerConnect Consulting Global Strategic member, supported the platform rollout.
The successful deployment marks the beginning of If's broader vision to implement Guidewire across additional markets to achieve greater efficiency and stability, focusing on delivering excellent customer and partner experiences.
Frankenmuth Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire Cloud to modernize its core systems and IT operations. The company will migrate its existing InsuranceSuite from on-premises to Guidewire Cloud across all its business lines and operating states.
PwC, a Guidewire PartnerConnect Consulting Global Strategic member, will lead the migration project. The move will allow Frankenmuth to leverage Guidewire's cloud maturity and roadmap, enabling system maintenance shift to Guidewire while keeping current with latest innovations.
The implementation includes key features such as Guidewire Advanced Product Designer, Jutro Digital Platform for rapid capability development, and integration with third-party insurtech solutions through the Guidewire Marketplace. Frankenmuth will continue using Guidewire Predict and Analytics products for enhanced process analytics.
Montana State Fund, Montana's largest non-profit workers' compensation insurance company, has chosen to migrate its Guidewire InsuranceSuite from on-premises to Guidewire Cloud. The migration, starting with ClaimCenter, comes after 18 years of successful partnership with Guidewire (NYSE: GWRE).
The cloud migration will enable Montana State Fund to:
- Shift system maintenance to Guidewire
- Stay current with latest innovations
- Reduce dependence on third-party on-premise infrastructure
- Enable IT staff to focus on value-delivering tasks
- Enhance business continuity and disaster recovery capabilities
- Integrate with insurtech solutions from Guidewire Marketplace
Additionally, Montana State Fund will implement Guidewire Predict for risk segmentation and Jutro Digital Platform for creating unique user experiences across distribution channels.
Guidewire (NYSE: GWRE) reported strong Q2 FY2025 financial results, with total revenue reaching $289.5 million, up 20% year-over-year. The quarter was highlighted by 12 cloud deals, primarily with larger insurers. Subscription and support revenue grew 35% to $177.8 million, while services revenue increased 26% to $47.9 million. License revenue decreased 10% to $63.7 million.
Annual Recurring Revenue (ARR) reached $918.1 million, up from $864.0 million in July 2024. The company reported GAAP income from operations of $11.7 million, compared to a loss of $12.4 million in the previous year. Non-GAAP income from operations was $53.9 million.
Based on strong performance, Guidewire raised its FY2025 outlook, projecting ending ARR between $1,000-$1,010 million and total revenue of $1,164-$1,174 million.
Guidewire (NYSE: GWRE) has scheduled the release of its second quarter fiscal year 2025 financial results on Thursday, March 6, 2025, after market close. The company's management will host an audio webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the quarterly results. The webcast will be accessible to the public through Guidewire's Investor Relations website. A replay will be available two hours after the event concludes and will remain archived for three months.
Amerisure Insurance has successfully deployed Guidewire's PolicyCenter and BillingCenter on Guidewire Cloud for policy administration, underwriting, and billing management. The implementation started with Workers' Compensation line of business across all operating regions, with commercial auto and loss sensitive lines currently being implemented.
Following the migration of ClaimCenter to Guidewire Cloud in 2023, Amerisure is now a full Guidewire InsuranceSuite customer on Guidewire Cloud. The implementation, led by PwC, was completed on time and on budget. The new system enables account-level viewing, improved access to policy information, and streamlined processes through new integrations.
Key improvements include real-time visibility of quote-issue-bind cycle for new policies and significantly reduced staff training time. Amerisure plans to leverage Guidewire Marketplace solutions and PartnerConnect ecosystem to enhance workflow efficiency and improve policyholder experience.
Markel (NYSE: MKL) has successfully migrated its Guidewire ClaimCenter system to Guidewire Cloud for its US specialty lines operations, marking a significant modernization of its claims and IT infrastructure. The implementation was led by PwC, a Guidewire PartnerConnect Consulting Global Strategic member.
The company has also selected Guidewire BillingCenter for cloud migration, while Markel International has chosen ClaimCenter for its International Wholesale operation. The cloud migration enables Markel to automate system maintenance and updates, allowing teams to focus more on customer service. The implementation includes Guidewire Compare and Guidewire Explore tools for monitoring claims performance and benchmarking against industry peers.
This technological upgrade aims to enhance operational efficiency, improve customer experience, and provide better data insights for business decisions. The cloud-based system will facilitate faster claims processing and provide access to advanced insurtech solutions through the Guidewire Marketplace and PartnerConnect ecosystem.
Guidewire (NYSE: GWRE) has appointed Jeff Sloan to its Board of Directors, effective January 21, 2025. Sloan, who served as CEO of Global Payments Inc. (NYSE: GPN) through June 2023, brings significant executive leadership experience in financial services and technology industries.
During his tenure at Global Payments, Sloan led the company's rise to the Fortune 500 as a leading technology-enabled, software-driven payments business. Prior to serving as CEO, he was Global Payment's president from 2010 to 2013 and a partner at Goldman Sachs. He currently serves on the board of directors of Corpay (NYSE: CPAY), a global leader in corporate payments.
The appointment comes as Guidewire Cloud Platform establishes itself as the trusted platform for P&C insurers globally, positioning the company for continued growth and innovation.
Guidewire HazardHub has released winter weather risk data highlighting cold-weather threats across the United States. Winter storms caused approximately $3.4 billion in insured losses in 2023, following nearly $6 billion in losses in 2022. According to the data, 31.4 million housing units will experience more than 30 days of temperatures below 32°F this year, with over 10.3 million units facing more than 50 days of freezing temperatures.
The analysis identifies key winter perils including frozen pipes, snow load, and ice dams. About 21% of US homes face frozen pipe risks, with an average claim cost of $18,000. The data shows that states like Alaska, North Dakota, and Minnesota experience the lowest average winter temperatures. The platform offers over 1,000 data points and risk scores for climate risks and extreme weather events, available through Guidewire PolicyCenter, InsuranceNow solutions, and the HazardHub API.
Guidewire (NYSE: GWRE) has reached a significant milestone with over 110 cloud-based integrations now available in the Guidewire Marketplace. The company's PartnerConnect ecosystem has expanded with eight new Technology partners joining at the Growth level, while one partner was promoted to Premier tier and two to Advantage tier.
The Guidewire Marketplace now hosts more than 250 partner integrations, with several partners including Accenture, Capgemini, and Deloitte publishing new integrations in Q1 FY2025. Three Consulting partners - Capgemini, HTC Global Services, and Tech Mahindra - have achieved six specializations, demonstrating their expertise in specific Guidewire products.
The company emphasizes that all new applications in the Marketplace are cloud-based, enabling insurers to scale using Guidewire Cloud Platform. The platform allows PartnerConnect Consulting and Technology partners to offer preconfigured solutions tailored to insurers' specific needs, promoting innovation and operational efficiency.
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