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Guidewire Software, Inc. (symbol: GWRE) is a leading provider of software solutions tailored for the property and casualty (P/C) insurance industry. Guidewire combines core processing, data analytics, and digital engagement into a unified technology platform. This platform enables insurers to adapt and thrive amid the rapid changes in the industry.
Guidewire's flagship product, InsuranceSuite, is a comprehensive on-premises system of record. It comprises three main components:
- ClaimCenter: A robust claims management system designed to streamline and optimize claims processing.
- PolicyCenter: A policy management system that handles policy definitions, quotations, issuance, maintenance, and renewals.
- BillingCenter: A billing management system that facilitates payment plans and agent commissions.
In addition to InsuranceSuite, Guidewire offers InsuranceNow, a cloud-based solution, along with a variety of other add-on applications to enhance functionality and user experience.
With over 200 P/C insurers worldwide utilizing Guidewire's software, the company emphasizes customer and employee empowerment through technology. Guidewire is not only focused on delivering high-quality products but also on fostering partnerships and innovation within the insurance sector.
For the latest updates on Guidewire's projects, developments, and news, you can check out their blog, Smart Approach, at http://www.guidewire.com/blog/ or follow them on Twitter at @Guidewire_PandC.
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Guidewire (NYSE: GWRE) reported strong financial results for the second quarter of fiscal year 2024, with notable cloud deals and increased subscription and support revenue. The company's ARR reached $800 million, and it achieved a 65% non-GAAP subscription and support gross margin. However, services revenue saw a decrease, impacting the revenue outlook for fiscal year 2024.
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Guidewire (GWRE) to announce second quarter fiscal year 2024 financial results on March 7, 2024. Conference call and webcast scheduled for 2:00 p.m. PT (5:00 p.m. ET).
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Guidewire (GWRE) announces Deloitte's achievement of Migration Acceleration Specialization, showcasing their ability to reduce costs and accelerate implementation timeframes for transitioning to Guidewire Cloud. Deloitte's expertise in cloud migration has been recognized globally, with a focus on minimizing risks and improving delivery quality.
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Guidewire (GWRE) and Genesys introduce new integrations to enhance communication channels and self-service options for insurers, benefiting policyholders.
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West Bend selects Guidewire ClaimCenter on Guidewire Cloud to enhance claims business operations and customer service.
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New Mexico Mutual Group successfully migrates Guidewire InsuranceSuite to Guidewire Cloud with the help of Ernst & Young LLP. The move aims to streamline operations and enhance data management and business intelligence capabilities.
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Pekin Insurance successfully implements Guidewire InsuranceSuite on Guidewire Cloud to enhance operations and deliver value to agents and policyholders. The migration aims to optimize costs, improve platform support, and leverage data analytics for better risk segmentation.
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CopperPoint Insurance Companies and Guidewire have announced the implementation of Guidewire InsuranceSuite on Guidewire Cloud to simplify IT operations, adapt to changing market demands, and deliver more value to agents, brokers, and policyholders. PwC led the implementation project, and CopperPoint also implemented SmartCOMM from Smart Communications for customer communications management.
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Guidewire (NYSE: GWRE) and Hi Marley have announced the availability of Hi Marley’s new Ready for Guidewire validated accelerator for users of ClaimCenter on Guidewire Cloud in the Guidewire Marketplace. This accelerator enhances communication and collaboration for insurers, leveraging AI to remove communication barriers with policyholders and enable personalized alerts for adjusters. The platform also allows insurers to open, close, and access conversations directly within ClaimCenter on Guidewire Cloud, as well as initiate and participate in text conversations with policyholders to collect details.
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swifter.io, an insurance experience platform, has joined Guidewire's Insurtech Vanguards program, a property and casualty cloud platform initiative. Guidewire (NYSE: GWRE) aims to assist insurers in adopting innovative technologies to enhance their operations and customer experience.
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FAQ
What is the current stock price of GUIDEWIRE SOFTWARE (GWRE)?
The current stock price of GUIDEWIRE SOFTWARE (GWRE) is $176.03 as of December 20, 2024.
What is the market cap of GUIDEWIRE SOFTWARE (GWRE)?
The market cap of GUIDEWIRE SOFTWARE (GWRE) is approximately 14.4B.
What does Guidewire Software, Inc. do?
Guidewire Software provides software solutions for the property and casualty insurance industry, offering products like InsuranceSuite, InsuranceNow, and other applications.
What is InsuranceSuite?
InsuranceSuite is Guidewire's flagship on-premises system of record, including ClaimCenter, PolicyCenter, and BillingCenter.
What are the components of InsuranceSuite?
InsuranceSuite comprises three main components: ClaimCenter (claims management), PolicyCenter (policy management), and BillingCenter (billing management).
What is InsuranceNow?
InsuranceNow is a cloud-based software solution provided by Guidewire for the property and casualty insurance industry.
How many insurers use Guidewire's software?
More than 200 property and casualty insurers worldwide have selected Guidewire's software solutions.
Where can I find the latest news about Guidewire?
For the latest updates and news, you can visit Guidewire's blog at http://www.guidewire.com/blog/ or follow them on Twitter at @Guidewire_PandC.
How does Guidewire support insurance companies?
Guidewire supports insurance companies by providing software that enhances core processing, data analytics, and digital engagement, enabling them to improve customer and employee interactions.
What industries does Guidewire serve?
Guidewire primarily serves the property and casualty insurance industry.
Does Guidewire offer cloud-based solutions?
Yes, Guidewire offers InsuranceNow, a cloud-based solution for the property and casualty insurance industry.
How does Guidewire enhance digital engagement?
Guidewire enhances digital engagement by integrating technology that empowers insurers to interact more effectively with their customers and employees.
GUIDEWIRE SOFTWARE, INC.
NYSE:GWRE
GWRE Rankings
GWRE Stock Data
14.39B
83.12M
0.48%
99.74%
2.1%
Software - Application
Services-prepackaged Software
United States of America
SAN MATEO