The Co-operators Group, a Canadian-owned, multi-product insurer, has deployed Guidewire Software's Guidewire PolicyCenter and Guidewire BillingCenter solutions for underwriting, policy administration, and billing.
The Co-operators is now running its mission-critical core processes spanning underwriting, policy administration, billing, and claims on core systems from Guidewire.
Collectively referred to as the Guidewire InsuranceSuite, these pre-integrated systems – built on a common technology platform – is expected to enable the insurer to leverage, processes, business rules and skills across its group of P/C companies.
Guidewire claims that with its InsuranceSuite, The Co-operators gains flexible product model that supports offerings aligned to needs of specific market segments; intuitive and easy to use system for its multi-channel distribution partners and staff.
It also gains ability to introduce new products across companies and channels quickly and efficiently; capability to better serve its clients when and how they want; higher quality information for better business decisions and client management.
Guidewire InsuranceSuite is now in production for Habitational Lines across The Co-operators’ group of companies.
The Co-operators senior vice president and Common System-Policy Initiative sponsor Martin Tremblay said Guidewire provided them with well designed solutions and the expertise to help them make their vision a reality.