Las Vegas — Guidewire Software Inc., San Mateo, Calif., a provider of solutions for property/casualty insurers, announced the availability of Guidewire PolicyCenter 3.0 today at the ISOTech 2008 conference in Las Vegas. A comprehensive, all-lines underwriting and policy administration system, PolicyCenter 3.0 is a 100% Web-based system-of-record optimized to: make it easier for producers to do business with insurance carriers with responsive collaboration, improve underwriting results leveraging business rules-driven automation and process management and bring new products to market quickly through core policy system flexibility, Guidewire says.
Several PolicyCenter 3.0 implementations are currently underway, adding to a growing customer base that includes a wide range of carriers such as CNA, The Co-operators and Guild Insurance. “Guidewire has a track record of delivering well architected and highly configurable, property/casualty core systems,” says Donald Light, senior analyst at Celent, an insurance research and consulting firm. “Many carriers are looking for policy administration systems with significant new business capabilities. PolicyCenter 3.0 combines underwriting and policy management functionality in a modern system.” Guidewire's third major release of PolicyCenter consolidates a large number of refinements reflecting real-world implementation and production experiences of insurers engaged in an early customer program over the past three years. Featured enhancements in version 3.0 include:
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