Commercial property and casualty (P&C) provider FCCI Insurance Group has selected Guidewire Software’s Underwriting Management as its new cloud-based underwriting workstation for its commercial line of business.

Underwriting Management will make FCCI’s underwriting process more efficient by replacing its existing manual underwriting processes and will enable FCCI to react more quickly to future changes in the marketplace. FCCI deployed Guidewire ClaimCenter in 2008.

FCCI corporate underwriting senior vice president William Speaker said: “The insurance industry is evolving rapidly, and insurers’ future success depends on their ability to evolve with it and address new customer and user demands as they emerge.

“Digitizing our workflow with Guidewire Underwriting Management puts FCCI in a position to proactively adapt to a changing marketplace, accelerate and improve decision-making, and ultimately enhance how quickly we respond to customers.”

FCCI senior vice president and chief information officer Jeff Frazee said: “Selecting the Guidewire Underwriting Management platform was an easy choice for us for a number of reasons.

“First, it came with top marks from prior installations. The breadth of the platform was also important, as we wanted a holistic solution that could be integrated with our various core systems and agent-based platforms. Finally, Guidewire understands the unique underwriting process and the needs of our underwriters, which was key.”

Underwriting Management will enable FCCI to:

Offer a more streamlined and efficient underwriting workflow to enable consistent decision-making;

Deliver quotes to its customers more quickly; and

Increase responsiveness to changing business and technical requirements in the market.

Guidewire Software chief sales officer Steve Sherry said: “We are excited that FCCI has selected another Guidewire solution — Underwriting Management — to modernize its infrastructure and processes.

“FCCI’s choice proves its commitment to providing customers with the right coverage and peace of mind, as well as an understanding of the demands that come along with a rapidly changing industry.”

Source: Company Press Release