SSQauto, a Quebec direct insurer to group members as well as to the general public, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that SSQauto, a subsidiary of SSQ Financial Group, has successfully implemented Guidewire PolicyCenter® as its new underwriting and policy management solution. SSQauto also implemented Rating Management and Client Data Management.
SSQauto, a $220 million direct written premium company, selected PolicyCenter to replace its previous policy administration system with one that could help the company minimize risk and grow with its business. The insurer successfully deployed PolicyCenter to its automotive line of business in 2013, followed by the homeowners line of business in January 2015.
“Our implementation of PolicyCenter has gone smoothly and user feedback has been positive,” said Eric Savard, Vice President, Software Development Business Solutions – Individual Products, SSQ Financial Group. “We attribute our successes to date to a combination of lessons learned from our ClaimCenter and BillingCenter implementations, a very strong and dedicated internal team, and Guidewire technology. This implementation is a significant step in our journey to simplify our products and processes onto a common set of platforms, giving us the speed-to-market, agility, and cost advantage necessary to enable our business strategy.”
PolicyCenter is enabling SSQauto to:
Serve customers quickly and efficiently by leveraging automated underwriting rules and real-time functionality;
Improve business agility by bringing new products and product enhancements to market more quickly; and
Reduce the training time of its staff.
“We congratulate SSQ on their successful PolicyCenter deployment,” said Mike Polelle, chief delivery officer, Guidewire Software. “We are proud to help them adapt and succeed in the rapidly-changing insurance industry marketplace.”