Guidewire InsuranceSuite™ to provide a foundation on which global specialty Property/Casualty insurer can grow and operate its business
Foster City, Calif. (Oct. 16, 2013) – Catlin Group, a global specialty Property/Casualty insurer and reinsurer, and Guidewire Software, Inc., a provider of software products to P&C insurers, have announced that Catlin has selected Guidewire InsuranceSuite™ as its new platform for rating, underwriting and policy administration, claims management, and billing.
As part of its initiative to grow its business in the US, Catlin decided it needed to replace its core systems with best-of-breed solutions to help it reach its goals for growth. The company sought a solution that could handle its complex specialty lines and give it a way to enter new markets, while supporting 20 offices across the US. Catlin plans to implement the full suite simultaneously by line of business in a phased approach.
“We were impressed with each solution from Guidewire – ClaimCenter, PolicyCenter, and BillingCenter – as well as the overall enterprise capabilities that Guidewire InsuranceSuite exhibited throughout the selection process,” said Steve Naish, Technology Solutions, Catlin Group. “From the automation opportunities to the rich source data for decision making, InsuranceSuite included a toolset that we felt could help us continue to profitably grow our business.”
InsuranceSuite will enable Catlin to:
- Increase its agility to act on opportunities to expand its product portfolio;
- Strengthen underwriting consistency and controls while getting new underwriting units up and running quickly;
- Enhance operational efficiency through automation across underwriting, policy administration, billing, and claims management processes; and
- Improve data analytics and real-time reporting capabilities.
“We are honored to welcome Catlin Group to the Guidewire family,” said Steve Sherry, vice president, The Americas, Guidewire Software. “We are pleased that they selected Guidewire and InsuranceSuite to help them take their business into the future, and we are looking forward to going on this journey with them.”
Guidewire InsuranceSuite powers the mission-critical operations of property/casualty insurers competing in today’s market. The suite 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 their requirements and priorities. InsuranceSuite provides the flexibility insurers need to deliver insurance the way they want to, by rapidly delivering better products and service to their policyholders and agents, while improving underwriting discipline and lowering operational costs.
About Catlin Group
Catlin Group Limited is a global specialty property and casualty insurer and reinsurer, writing more than 30 lines of business.
Catlin’s underwriting hubs in London/UK, Bermuda, the United States, Asia-Pacific, Europe, and Canada allow the Group to have a major presence in every major insurance market in the world.
Its network of more than 50 offices worldwide provides clients and their brokers with access to local underwriting expertise, backed by Catlin’s excellent financial security.
All of Catlin’s worldwide operations share the same core values: transparency, accountability, teamwork, integrity, and dignity. Its experienced team of more than 1,700 underwriters, actuaries, claims specialists and support staff ensure that Catlin provides comprehensive, consistent, and excellent service globally. For more information, please visit www.catlin.com.
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers replace their legacy core systems and transform their business. Designed to be flexible and scalable, Guidewire products enable insurers to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™ provides the core systems used by insurers as operational systems of record. Additional products provide support for data management, business intelligence, anytime/anywhere access and guidance and monitoring. More than 150 Property/Casualty insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com.