Guidewire Software, a provider of technology services to property/casualty insurers, has launched version 3.0 of its Guidewire PolicyCenter, an all lines underwriting and policy administration system.
Guidewire 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 through core policy system flexibility.
Guidewire PolicyCenter provides property/casualty insurers a modern, flexible system for managing the policy lifecycle. Designed to support both personal and commercial lines, PolicyCenter streamlines insurers’ front and back office processes, from new business submission and quoting through policy renewals. PolicyCenter is available as part of the Guidewire insurance suite or it can be integrated with legacy systems or third party applications,added Guidewire.
Ken Branson, vice president of engineering at Guidewire Software, said: Our job at Guidewire is to ensure that our customers have the best business technology solutions possible to address the challenges of optimizing their mission-critical core operations in a fiercely competitive, ever changing environment. PolicyCenter 3.0 brings us a big step closer to achieving this and with ongoing support and input from leading insurers we will continue to refine and enhance all of our products to ensure they are the best that they can be.