New Zealand’s rural insurer FMG has selected Guidewire PolicyCenter as its new underwriting and policy administration solution and Guidewire BillingCenter as its new billing system to support its ongoing business growth, varying methods of interaction with clients, and to bring products to market faster.
The new policy and billing systems will provide the functionality and flexibility required to efficiently manage the firms underwriting, policy administration, and billing operations. Both the systems can be integrated to an insurer’s legacy systems or third party applications.
Guidewire PolicyCenter is a flexible underwriting and policy administration system that is designed to support both commercial and personal lines and helps insurers to streamline front and back office processes, from new business submission and quoting through policy renewals.
The BillingCenter is a billing and receivables management system allows delivering insurance by making it easier to automate the billing lifecycle, design flexible billing, payment and delinquency plans, manage agent commissions, and enable rapid integration with external payment systems.
Tenzing, a Guidewire affiliate program member, has also been selected to work in collaboration with FMG and Guidewire to lead the implementation project.