Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
Property/Casualty (P&C) insurers, today announced that it has been named
a "Market Leader" by global industry analyst firm Ovum in its report "Ovum
Decision Matrix: Selecting a P&C Insurance Policy Administration
Platform - Europe, 2013-14." In the report, Guidewire PolicyCenter®
earned high marks for its core P&C functionality, strong partner network
and new large-scale deployments.
Ovum's report provides a detailed look at the competitive landscape for
P&C insurance policy administration platforms for use by insurers
operating in the European market. Vendors are assessed according to
their market reach and influence, as well as the functionality provided
by their platform's technology. According to Ovum, Guidewire meets the
criteria for "Market Leader" in the P&C market due to its strong partner
network in Europe and the growing number of live large-scale deployments
of Guidewire PolicyCenter. The report gave PolicyCenter high marks for
its core P&C functionality - thanks to advanced features such as
integrated geocoding - and strong rating and billing capabilities.
"Guidewire PolicyCenter has the most significant client base among the
larger tier-1 and tier-2 personal lines insurers and the highest growth
rate of all vendors considered," said Charles Juniper, author of the
report and Ovum Senior Analyst, Insurance Technology. "Guidewire also
has the strongest partner network both in terms of he number of trained
partner consultants and partner credibility within global insurance
"We are honored that Ovum has recognized Guidewire as a Market Leader in
Europe," said Keith Stonell, managing director EMEA, Guidewire Software.
"We are focused on enhancing our presence in Europe and the global
market, and Ovum's recognition of the strides we have made in expanding
outside of North America is a testament to the strength and
technological capabilities of PolicyCenter and the expertise of our
Download an excerpt of the Ovum report, here.
About Guidewire PolicyCenter®
Guidewire PolicyCenter® is a flexible underwriting and policy
administration system that enables property/casualty insurers to grow
business profitably by improving efficiency, while responding with
agility to market opportunities and enhancing relationships with agents
and customers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front and back office processes,
from new business submission and quoting through policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire
InsuranceSuite™, and can be integrated to an insurer's legacy systems or
third party applications.
Jointly awarded IIAR Global Analyst of the Year 2012, Ovum provides
clients with independent and objective analysis that enables them to
make better business and technology decisions. Its research draws upon
over 400,000 interviews each year with business and technology, telecoms
and sourcing decision-makers, giving Ovum and its client's unparalleled
insight, not only into business requirements but also the technology
that organizations must support. Ovum is an Informa business.
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers
replace their legacy core systems and transform their business. Designed
to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 150 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on Twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire DataHub, Guidewire InfoCenter, Guidewire Live, Guidewire Live
Inside, Before & After, Claim Canvas, ViewPoint, Guidewire
PartnerConnect, Guidewire SolutionConnect, Deliver Insurance Your Way,
and the Guidewire logo are trademarks, service marks or registered
trademarks of Guidewire Software, Inc. in the United States, other
countries or both.
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