Jeweler’s Mutual, the only P&C insurer in North America to exclusively specialize in jewelry, has been undergoing the implementation of Guidewire’s core InsuranceSuite applications. By adding Reinsurance Management to the package, the company hopes to upgrade their services to include automated retention testing, automation of ceding processes and reduce recoverable leakage with automatic notification and tracking of reinsurance as part of their claims handling.
“Guidewire Reinsurance Management will enable us to extend our capabilities to ensure that we fully leverage all recovery and operational efficiency opportunities and reduce our unintended risk exposure,” said Darwin Copeman, president and chief executive officer of Jewelers Mutual.
According to Guidewire, Reinsurance Management “enables insurers to effectively manage programs, consistently support underwriting and claims processes and accurately calculate reinsurance financials.”
