Swiss insurer Basler Versicherung, a member company of Baloise Group, has implemented both Guidewire PolicyCenter as its new underwriting and policy administration system and BillingCenter as its new billing management system, across its motor line of business.
The insurer has also deployed Guidewire DataHub as its data management system.
Following an earlier execution of Guidewire core and data products in 2015 across their property business line, implementation for Basler’s motor business included the first migration using DataHub in Europe. The insurer has migrated more than 250,000 policies so far.
Basler Galileo program manager Rolf Schiltknecht commented: “We were already happy with the earlier successful deployment.
“This time around, what has impressed us is the transparency and stability of the data migration process from our legacy systems. We have been equally impressed with the speed of production; only eleven months for two motor products is actually very hard to believe.”
Guidewire systems are enabling Basler to:
- Operate billing and policy administration systems that work in tandem, ensuring that new products can be brought to market swiftly;
- Make time- and cost-effective use of one data model; defining it once and re-using it in one or more core system projects;
- Issue policy contracts faster on a consistent web-based system for both underwriters and agents; and
- Provide staff and agents with intuitive core system processes requiring minimal training.
Basler Guidewire DataHub product owner, migration Andreas Jud commented: “The complexity of the data migration project was the biggest challenge for us, yet it is also the biggest achievement. Thanks to the quality of our preparatory business analysis, this migration is a star performer.”
Guidewire Software field consulting vice president Sheridon Glenn said: “We are pleased to have another opportunity to congratulate Basler on a successful technology project.
“Basler’s focus on well-defined business analysis and specification definition ahead of its data migration and core system deployments has ensured a smooth implementation of its Guidewire products.”