Guidewire Software, a provider of software products to Property/Casualty (P/C) insurers, announced that The Motorists Insurance Group (Motorists), a major P/C regional insurer, has selected Guidewire InsuranceSuite as its new platform for underwriting, claims management, billing, and rating and policy administration.
PwC US, a Guidewire PartnerConnect alliance member, will team with Motorists in implementing the Guidewire solution.
Motorists sought a pre-integrated suite of products that would provide the flexibility it needed for product innovation and the functionality required to provide customized service and quality insurance solutions.
By selecting InsuranceSuite, the company will streamline and improve business processes and system infrastructure, increase operational efficiencies and, more importantly, enable the innovation necessary to transform the organization.
"Complex market demands and abundant technology options have contributed to a dramatically different industry landscape and a need for significant change," said John Kessler, senior vice president and chief information officer, Motorists. "We have an unprecedented opportunity to transform our organization."
A successful transition to a modern technology platform and data architecture will allow Motorists to:
Improve service levels for agents and policyholders through automation, accessibility and self-service capabilities;
Improve product and pricing flexibility along with speed to market;
Promote consistent business practices and support a single, unified data model across all companies in the group;
Enhance operational efficiencies by standardizing policy administration, billing management and claims handling processes.
Guidewire InsuranceSuite powers the mission-critical operations of Property/Casualty insurers competing in today’s market.