The Insurance Company of Prince Edward Island (ICPEI), a provider of personal and commercial insurance in Canada, and Guidewire (NYSE: GWRE) announced that ICPEI selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt to changing market demands, deliver more value to its broker partners and policyholders, and to continue to grow its business. ICPEI will implement InsuranceSuite simultaneously across all its lines of business in the provinces where the company operates. Guidewire PartnerConnect Consulting Global Premier member EY Canada will be leading the implementation project.
“We have a significant growth strategy so we needed a modern technology platform in the cloud that can help us quickly adapt to the industry trends impacting our market,” said ICPEI Vice President and Chief Information Officer Bryan Harper. “We selected Guidewire because they have the Canadian market leadership, product maturity, and track record of successful implementation projects, with the cloud focus for its product roadmaps and future commitments that we were looking for.”
Harper added, “Many of the brokers that we work with are already familiar with Guidewire. Guidewire Cloud will enhance our interactions with them digitally and enable us to make fast and simple rate changes, while running our operations more effectively and profitably.”
“We’re excited to work with ICPEI on their core platform transformation program by designing, developing and implementing custom solutions using EY Nexus™ for insurance accelerators,” said EY Canada Partner Shawn Antao. “From enhancing customer service and real-time broker connectivity to deploying new insurance options at speed, together we'll drive enterprise agility and help clients achieve their insurance goals.”
“We celebrate ICPEI’s more than 36 years of underwriting profitability and tailoring affordable insurance solutions for Canadian families and businesses,” said Guidewire Chief Sales Officer David Laker. “We’re delighted that Guidewire technology will contribute to the next chapter of ICPEI’s success as they continue to design and deliver insurance solutions to meet the needs of their fellow Canadians and grow nationally.”
ICPEI also selected SmartCOMM™ from Smart Communications for customer communications management. Guidewire is a reseller of Smart Communications, a Guidewire PartnerConnect Solution member.
About The Insurance Company of Prince Edward Island
Founded in 1987 and based in Charlottetown, the Insurance Company of Prince Edward Island (ICPEI) offers market-leading home, auto and commercial insurance solutions. The products are sold exclusively through a network of brokers across all three Maritime Provinces, Quebec, Ontario and Alberta.
ICPEI is a member of the Property & Casualty Insurance Compensation Corporation which protects policyholders from insolvent insurers, the Facility Association of Canada and the Insurance Bureau of Canada. For more information, please visit https://icpei.ca/en/.
About EY
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