Guidewire Software has launched the latest version of Guidewire InsuranceSuite 8 for Property/Casualty (P/C) insurers to automate various business processes.
According to the company, the new version provides better integration of the suite’s three features PolicyCenter, BillingCenter, and ClaimCenter.
PolicyCenter enables insurers manage product offerings, with features such as Enhanced Account Holder Summary screen that provides comprehensive data of a customer. The new Policy Import / Export has been introduced for risk and coverage data.
BillingCenter is an Agency Bill Management tool that provides flexibility in processing the payments for agents.
ClaimCenter Vendor Management tool helps the user in finding a service, manage vendor progress, and measure vendor performance.
InsuranceSuite 8 also enables London Insurance Market-based insurers to focus on international markets.
Guidewire vice president development Jeremy Henrickson said, "With this release, we are deepening our commitment to legacy replacement and to delivering a platform that helps our customers transform and augment their businesses in ways that were previously too expensive to contemplate."