Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., has selected InsuranceSuite as its platform for underwriting, rating and policy administration, claims management, and billing. InsuranceSuite is a product of Guidewire Software Inc., a provider of software products to P&C insurers. The company also selected Guidewire Client Data Management for a comprehensive customer view across underwriting, policy administration, claims, and billing processes.
Guidewire said InsuranceSuite was designed using a modular approach, enabling insurers to select individual applications (Guidewire PolicyCenter, Guidewire BillingCenter, and Guidewire ClaimCenter) or a pre-integrated set, driven by requirements and priorities. The suite delivers products and service to policyholders and agents, while improving underwriting discipline and lowering operational costs.
Guidewire said Radian selected InsuranceSuite to expedite underwriting turn times, reduce problems caused by multiple platforms, and improve business and technology capabilities. Guidewire PartnerConnect alliance member, Capgemini, has been selected to lead the implementation project, with Guidewire working in close collaboration.
