Pekin Insurance, an Illinois-based multi-state Property/Casualty insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that Pekin Insurance has selected Guidewire core processing, data and analytics, and digital engagement products to adapt its business for success in today’s rapidly-changing insurance marketplace. Pekin Insurance is simplifying its infrastructure to reduce system maintenance costs, streamline business processes, and gain the flexibility needed to remain competitive in an evolving market. The selected Guidewire products will be implemented for commercial lines first; personal lines will follow.
Guidewire PartnerConnect™ Premier Consulting alliance member, PwC, will lead the implementation, and Guidewire PartnerConnect Solution and Ready for Guidewire program member, Thunderhead, is providing its Smart Communications solution to create, manage, and deliver all outbound policyholder correspondence.
Pekin Insurance has selected Guidewire InsuranceSuite™ as its new platform for underwriting, rating, policy administration, claims, billing, and client data management. Guidewire Live Spotlight™ will empower Pekin Insurance’s underwriters to make more informed decisions by automating the assessment of location-based risk. Guidewire DataHub™ and InfoCenter will support their enterprise-wide data management and business intelligence needs. Additionally, the company will leverage Guidewire Account Management Portal for Policyholders™, Claim Portal for Agents, and Gateway Portal for Agents to enhance the digital experience for its policyholders and agents.
“We selected Guidewire because we wanted a tightly integrated suite of products to improve operational effectiveness and efficiency while improving customer service through a client-centric view of policyholder information,” said Neal Kaderabek, vice president and chief information officer, Pekin Insurance. “Guidewire’s product maturity, market share, and track record of successful implementations were important factors in our decision-making process, and we believe this strategic relationship will assist Pekin Insurance in continuing our mission of providing dependable insurance coverage to our policyholders.”
“We are extremely proud that Pekin Insurance has chosen us as their trusted implementation partner,” said Imran Ilyas, principal, PwC. “By selecting Guidewire, Pekin Insurance will be better able to meet the needs of its agents and policyholders in a fast-moving insurance market.”
“We are pleased that Pekin Insurance has selected Guidewire core, data, and digital products,” said Steve Sherry, group vice president, Americas Sales. “Together these products form the technology platform that will help Pekin Insurance deliver on its business objectives and provide the unique customer service it has built its reputation on. We look forward to working with Pekin Insurance and PwC on this project.”