Tinkoff Online Insurance, a part of TCS Group Holding, has selected Guidewire Software's InsuranceSuite to streamline its underwriting, rating and policy administration, claims management, and billing operations.

The company will install Guidewire PolicyCenter, BillingCenter, and ClaimCenter concurrently starting with Personal Property.

It allows Tinkoff Online Insurance to launch new products to market quickly, develop and execute best practices as well as strengthen its business with a platform designed for enhancing flexibility and upgradeability.

Designed using a modular approach, the Guidewire InsuranceSuite powers the mission-critical operations of Property/Casualty insurers as well as enable them to provide insurance the way they want to, while improving underwriting discipline and lowering operational costs.

Tinkoff Online chief information officer Sergey Konyukhov said, "We have selected Guidewire InsuranceSuite because its common technology platform and applications are the most suited for our tasks and long-term goals.

"We look forward to leveraging the features and functionality of InsuranceSuite and are confident that this is the ideal choice for our newly launched direct online operation."