San Mateo, Calif. —
The software will get a workout. With 8 million auto policyholders and assets of more than $15 billion, GEICO insures more than 13 million vehicles. Owned by Berkshire Hathaway, GEICO claims to be the fourth-largest private passenger auto insurer in the United States—and the fastest growing. GEICO’s national team of claims counselors across the country are already using Guidewire’s Web-based claims solution, which has the unique capability of integrating service/repair scheduling into the loss reporting process to increase claim handling efficiency.
Gartner's MarketScope evaluates property/casualty claims administration systems vendors based on the following criteria: market understanding, product strategy, product/service capabilities, overall viability and customer experience.
ClaimCenter, Guidewire’s flagship product, provides an end-to-end claims system for property/casualty insurers. ClaimCenter’s business rules are designed to enable claims organizations to optimize and monitor the claim process, enabling claims executives to define, enforce and continually refine their preferred claim adjusting practices.
“Guidewire ClaimCenter is in-production at 32 carriers across all sizes, supporting all lines of business in six countries; 27 of these deployments are in North America,” said John Raguin, CEO, Guidewire Software. “In my opinion, Gartner’s rating confirms our leadership position in the market. The Guidewire team is very proud to receive this rating and remains committed to continuing our focus on building the highest quality software while ensuring our customers’ success.”
Source: Guidewire