Nationwide Mutual Insurance Company, one of the largest insurance and financial services companies in the US, and Guidewire Software (GWRE), a provider of software products to Property/Casualty (P/C) insurers, announced that Nationwide has successfully implemented Guidewire PolicyCenter as its new underwriting and policy administration solution.
Guidewire PartnerConnect Consulting partner, EY, led the implementation, working in close collaboration with Nationwide and Guidewire.
Nationwide selected PolicyCenter to consolidate its multiple policy administration systems with one that could help the company increase its customer service capabilities, enable better underwriting risk analysis, and provide the needed flexibility to grow with its business.
Following the conclusion of their implementation project, the company is now in pilot production with its Personal Umbrella line of business in one state, supporting two out of three sales channels. The company is also in production with Guidewire ClaimCenter.
"Our initial PolicyCenter implementation has gone very smoothly and user feedback has been overwhelmingly positive," said Jim Korcykoski, CIO Personal Lines & Direct, Nationwide Insurance.
PolicyCenter is enabling Nationwide to leverage automated underwriting rules and real-time functionality, streamline the training of staff as a result of PolicyCenter’s intuitive interface and bring new products and product enhancements to market more quickly.
Guidewire PolicyCenter is a flexible underwriting and policy administration system that enables Property/Casualty insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and customers.
Designed to support both commercial and personal lines, PolicyCenter helps insurers streamline front and back office processes, from new business submission and quoting through policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire InsuranceSuite, and can be integrated to an insurer’s legacy systems or third party applications.