Alfa Insurance, a multiline P&C and life insurer, has selected InsuranceSuite as its platform for underwriting, policy administration, claims management, billing and client data management. InsuranceSuite is a product of Guidewire Software Inc., a provider of software products to P&C insurers.
Alfa will be able to reduce system maintenance costs, streamline business processes, and gain flexibility, said Guidewire. The suite of integrated systems can potentially handle all of Alfa’s products, which include property, vehicle, farm and commercial lines.
Alfa will be able to increase its speed to market and enhance operational efficiency by standardizing policy administration, billing management and claims handling processes on a common platform, said Guidewire. The company also will be able to improve flexibility to comply with national and state regulations.
