Canadian property and casualty (P&C) insurer Optimum General has selected Guidewire’s InsurancePlatform for its core operations.
All of Optimum General companies, namely Optimum Insurance Company, Optimum West Insurance Company and Optimum Farm Insurance Company (Optimum Companies), have selected Guidewire InsurancePlatform Core products to assist with the operations of their residential lines of business.
Optimum Companies selected Guidewire PolicyCenter, Guidewire Rating Management, and Guidewire Reinsurance Management as their new underwriting, policy administration, rating, and reinsurance management products for their residential lines of business.
Optimum Companies sought to standardize their residential processes across their branches and to increase their operational efficiency using the real-time functionality of the selected Guidewire products.
Optimum General president Noella Anthony said: “We expect that our relationship with Guidewire will help Optimum increase speed-to-market. Guidewire’s product maturity and previous timely implementations were important factors in our decision-making process.”
Optimum General Information Technology Manager Steve Boudreault said: “Optimum will offer improved flexibility to our brokers with Guidewire products. This vendor will support us in upgrading and implementing a new policy administration system for our residential lines of business.”
Guidewire Software chief sales officer Steve Sherry said: “We welcome Optimum to the Guidewire customer community. We admire the companies’ dedication to protecting their policyholders, their forward-thinking approach in service delivery as one of the few key players dedicated exclusively to brokers and we look forward to helping them meet their current and future business objectives with our technology services.”
Source: Company Press Release