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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.
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Beneva, Canada's largest mutual insurance company, has successfully deployed Guidewire's (NYSE: GWRE) PolicyCenter and BillingCenter on Guidewire Cloud Platform to enhance its underwriting, policy administration, and billing operations. The migration began with personal lines of business, with commercial and brokerage-based businesses to follow. This deployment follows the 2023 migration of ClaimCenter, making Beneva a full Guidewire InsuranceSuite customer on the cloud platform.
The implementation, led by Deloitte, was completed on time and on budget. Beneva's SaaS-first approach aims to reduce risk and ensure immediate access to new features through quarterly platform updates. The company will leverage advanced features like Autopilot Workflow Service, Data Studio, Explore, and Jutro Digital Platform, which are exclusively available on Guidewire Cloud Platform.
Guidewire (NYSE: GWRE) has released updated spring weather and climate risk assessments through HazardHub, revealing escalating property vulnerabilities across the United States. The analysis shows that 4.8 million housing units (3.4% of all homes) are in high or very high-risk tornado zones.
Key findings include: The U.S. recorded 1,796 tornadoes in 2024, the second-highest year on record. Mississippi (115/year), Texas (96/year), and Alabama (90/year) top the list for tornado frequency. Severe Convective Storms caused record $65 billion in insured losses in 2023, with hail as the primary factor. 99.72% of U.S. housing units have some hail risk.
Flooding remains the most costly natural disaster, with 90% of natural disasters involving flooding and 75% of presidential disaster declarations being flood-related. Despite this, only 4% of U.S. homeowners carry flood insurance. Texas, Louisiana, and California face the highest riverine flood loss potential, while New Jersey, New York, and Virginia are most vulnerable to coastal flooding.
Guidewire has announced a $60 million investment over the next five years to expand operations in Japan and enhance its insurance platform capabilities. The company, operating in Japan since 2008, currently processes over 60% of Japan's insurance gross written premium through its ClaimCenter platform, serving more than 10 Japanese insurers.
The investment will focus on enhancing PolicyCenter and BillingCenter products with new features including policy change reversals, proration, and effective time, along with localized Japanese language support. Future developments include pre-built integrations for personal auto (mid-2026) and expanded features for homeowner, earthquake, and commercial group policies (2027).
The initiative aims to help Japanese insurers drive profitable growth, increase business agility, ensure regulatory compliance, and support cloud migration. Guidewire plans to grow its local team to meet rising demand for cloud-based core systems in the Japanese market.
Guidewire (NYSE: GWRE) announced significant milestones in its PartnerConnect ecosystem, with consulting partners surpassing 250 specializations. The company introduced two new Digital specializations: Jutro Digital Platform and EnterpriseEngage, designed to enhance customer success in digital transformation.
The Guidewire Marketplace, the largest integration ecosystem in P&C insurance, now features over 250 partner integrations. Nine new Technology partners joined at the Growth level, including Appulate, CSIO, CorVel , and others. Five Consulting partners achieved six new specializations, bringing the total to 257 specializations across 27 PartnerConnect Consulting partners. InvoiceCloud was promoted to Premier tier status.
Guidewire (NYSE: GWRE) has announced its latest release, Mammoth, set to launch on April 2, 2025. The update focuses on enhancing insurance operations through automated policy management, streamlined claims processing, and improved customer experience.
Key features include:
- Autopilot Workflow Service for PolicyCenter to reduce manual intervention
- Personal Auto Glass claim processing template
- Seasonal Coverage in PolicyCenter for flexible policyholder payments
- Enhanced analytics integration with Data Studio for Predict
- InsuranceNow ISO Rating as a Service for Commercial Property
- New Jutro templates for Workers' Compensation and Commercial Auto FNOL
- Integrated claims payment and recovery with BillingCenter
HDI Global Insurance Company (HGIC), the U.S. subsidiary of HDI Global SE, has selected Guidewire PolicyCenter on Guidewire Cloud as its new system for policy administration and underwriting. The implementation will begin with general liability, led by Ernst & Young LLP.
HGIC Chief Underwriting Officer Marco Hensel expects PolicyCenter to positively impact their combined ratio through improved underwriting and increased efficiencies. Chief Information and Transformation Officer Kashif Syed emphasized that this partnership aligns with HDI's strategic vision for market leadership through innovative solutions.
The selection was based on Guidewire's modern platform capabilities, market leadership, cloud maturity, and successful implementation track record. The cloud-based solution will enable HGIC to streamline policy management processes while Guidewire handles system maintenance.
Guidewire (NYSE: GWRE) hosted its largest European Insurance Forum in Paris, attracting over 375 attendees from 16 countries. The event showcased Guidewire's expanding European presence, now serving 76 customers across 19 countries, with 30 adopting Guidewire Cloud Platform.
The company unveiled three strategic initiatives:
- A new Agentic AI Development Framework to enhance developer efficiency and improve experiences for underwriters and claims adjusters
- Transformation of underwriting processes using AI for automated data extraction and analysis
- Implementation of AI-based Adjuster Assistant for streamlined claims handling
Guidewire also announced plans to acquire Quantee, a Polish insurtech startup, to enhance their dynamic pricing capabilities on the Guidewire Cloud Platform. The company's European expansion includes partnerships with 90 technology providers and a workforce of 4,000 consultants and 950 employees.
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.
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