Two Accolades for Guidewire in Celent XCelent Awards and ‘Luminary’ Tribute for Policy Administration in EMEA

Rhea-AI Summary

Guidewire (NYSE: GWRE) announced that its PolicyCenter has won awards in two categories at Celent’s 2023 report for Policy Administration System Vendors in EMEA. It was recognized for its Breadth of Functionality and Customer Base and Support, standing out among 18 competing systems. Additionally, it earned the title of ‘Luminary’ in the Technical Capability Matrix for Advanced Technology. The awards reflect strong customer feedback and extensive implementation across various countries. Guidewire continues to enhance its solutions to support insurers in a rapidly changing market.

Positive

• PolicyCenter recognized for excellence in Breadth of Functionality and Customer Base and Support categories, enhancing Guidewire's reputation in the insurance software market.
• Awarded 'Luminary' status for Advanced Technology in Celent’s report, indicating strong technical capabilities.
• Growing number of insurers adopting PolicyCenter in cloud environments, which could lead to increased market share.

Negative

• None.

Guidewire PolicyCenter achieves top honours for Breadth of Functionality, and Customer Base and Support

DUBLIN--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) announced that PolicyCenter has been acknowledged as a winner in two categories of Celent’s Policy Administration System Vendors: EMEA General Insurance, 2023 Edition report.

Guidewire PolicyCenter was recognised as a standout from the 18 vendor policy administration systems that met Celent’s inclusion criteria in the Breadth of Functionality, and Customer Base and Support categories. Further, it was designated as a ‘Luminary’ in Celent’s Technical Capability Matrix for Advanced Technology and Breadth of Functionality from the total of 46 systems that featured in the report.

The XCelent Functionality Award for the leading solution in the Breadth of Functionality category is based on several criteria: Customer feedback on features and functions, Overall support of components and features, and Product support and in production.

The XCelent Customer Base Award for the top solution in the Customer Base and Support category is drawn from: Number and size of insurers running the system, New insurance clients won in the last two years, Number of countries where the system is implemented, Client feedback on implementation and post-implementation services, and Vendor’s partner network.

“As of 2022, product configuration in PolicyCenter is done exclusively in the Advanced Product Designer environment, for both on-premises and cloud deployments,” said Karun Arathil, Senior Analyst, EMEA, Celent and co-author of the report. “Advanced Product Designer requires only business analyst-type skill sets; there is no need for coding or scripting.”

“The number of insurers deploying it in a private or public cloud is also increasing,” continued Arathil. “Regarding integrating cloud deployments of PolicyCenter with internal or external services, Guidewire provides a Cloud Integration Framework.”

"We are honoured that Celent recognises the strength of our solutions and the success of our customers," said Will McAllister, Managing Director, EMEA, Guidewire. “I firmly believe that technology plays a vital role in helping insurers to navigate the myriad of challenges and opportunities in a rapidly changing landscape. Our role at Guidewire is to continually improve our solutions to ensure the ability of our customers to innovate and grow in this demanding market.”

About Guidewire Software

Guidewire is the platform general insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 500 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices .

View source version on businesswire.com: https://www.businesswire.com/news/home/20230405005076/en/

Daniel Couzens

Allison + Partners

+44(0)203 971 4308

guidewire@allisonpr.com

Louise Bradley

PR & Communications – EMEA, Guidewire

+44(0)7474 837 860

lbradley@guidewire.com

Source: Guidewire

FAQ

What awards did Guidewire's PolicyCenter win in 2023?

Guidewire's PolicyCenter won awards for Breadth of Functionality and Customer Base and Support at Celent’s 2023 Policy Administration System Vendors report.

What recognition did Guidewire receive from Celent?

Guidewire was recognized as a ‘Luminary’ in Celent’s Technical Capability Matrix for Advanced Technology and Breadth of Functionality.

How many vendors were evaluated for the Celent awards?

Celent evaluated 18 vendor policy administration systems for the awards.

How does the award impact Guidewire's position in the market?

The awards enhance Guidewire's reputation and could attract more customers, strengthening its market position.

What factors contributed to the awards received by Guidewire?

The awards were based on customer feedback, the number of insurers using PolicyCenter, and the quality of support provided.