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Zurich in Canada Selects Guidewire for a New Claims Handling System

TORONTO September 9, 2009 - Zurich Insurance Company Ltd (Zurich, Canada), a leading insurance-based financial services provider of property and commercial coverage in Canada, announced today that it will install a new end-to-end claims management solution, provided by Guidewire Software, to increase efficiency.

Alister Campbell, president and CEO, Zurich, Canada said the company recognized the significant customer service opportunities that a tailored claims service provides. They decided on a flexible claims system that would be easy for the claims staff to use, and could be tailored to meet its evolving needs while continuing to provide a strong customer service focus.

"At Zurich, Canada, we're committed to offering our brokers and customers exceptional service in line with our Zurich HelpPoint™ strategy," said Campbell. "We need effective loss cost management and our customers expect a fast and fair claims handling process – the new system will help us to continue to achieve both. Our employees will have the opportunity to utilize a modern claims handling system and dedicate more time to developing innovative claims solutions for our customers."

When operational, the new system will enable Zurich, Canada to:

• More efficiently handle claims operations;
• More proactively tailor claims handling to customers’ individual requirements;
• Reduce manual processes to give the claims staff more time to effectively service their customers;
• Improve and expand the ability to capture all relevant information resulting in better data quality, reduced claims expenses, reduced loss leakage, and better analysis for tracking claims; and
• Continue to attract top talent to the company and its claims team.

"We understand how important it is to manage our customers’ claims quickly and efficiently. The new system provides us with a tool which will help us to get our customers back in business as quickly as possible after a claim," said Josie Pachis, vice president of Claims, Zurich, Canada.

About Zurich

Zurich's North America Commercial and Global Corporate in North America business divisions are part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors.

About Guidewire Software

Guidewire Software is a leading global provider of core systems to property and casualty and workers' compensation insurers. Guidewire delivers proven software to run core insurance operations, including billing, underwriting, policy, and claim management. The Guidewire Insurance Suite™ consists of Guidewire ClaimCenter, Guidewire PolicyCenter®, and Guidewire BillingCenter®, which provide a modern, web-based platform for all lines of business. Guidewire is headquartered in San Mateo, California, with offices in London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com.