Rockingham Insurance has selected Guidewire Software to modernize its technology platform and transform the way it conducts business.
The company plans to implement InsuranceNow’s All-in-One functionality by line of business in three phases. Rockingham Insurance will start with its dwelling properties line of business and will follow with its other personal lines – auto, homeowners, mobile homeowners and umbrella. The final phase will bring in its commercial lines of business [farmowners, business owners (BOP), etc.]
Rockingham Insurance chief information officer Eugene Vatnik said: “Guidewire’s product maturity and market share, as well as their responsiveness, industry knowledge, and track record of successful implementations were important factors in our decision-making process.
“We look forward to leveraging the best technology and tools available to continue improving upon our success, and our team is excited about what the future holds for our collaboration with Guidewire.”
Rockingham Insurance project manager Karen Bowman said: “Our previous all-in-one system had reached its limits and was no longer being sold on the market.
“As a small company, having Guidewire manage our maintenance and updates will enable our employees to focus on their core competency: providing our policyholders with the very best insurance and service we can offer. We expect that they will be able to stay current with our core applications and benefit quickly when technology enhancements and new integrations are introduced.”
InsuranceNow will enable Rockingham Insurance to:
Enhance operational efficiency and productivity throughout the organization by standardizing policy administration, billing management, and claims handling processes on a cohesive All-in-One technology platform; and
Increase speed-to-market, business agility, and allow current IT staff to focus on more strategic initiatives to support the business by leveraging cloud technology.
Guidewire Software chief sales officer Steve Sherry said: “We are pleased to welcome Rockingham Insurance to the Guidewire community.
“We applaud the company’s mission to evolve its technology foundation, ensuring that it can continue to meet the insurance needs of its policyholders, now and in the future, and protect their assets from perils that threaten their financial well-being. We are excited to begin our work together.”
Guidewire InsuranceNow is a cloud-based, all-in-one solution that supports the P&C insurance lifecycle. Its integrated design, out-of-the-box functionality, and guided approach enable fast implementation and quick upgrades.
Cloud-based delivery and ongoing operational support by Guidewire provide insurers the freedom to focus on innovation and respond rapidly to market demands, even when they have limited IT support.