Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that it has been positioned as the sole leader in Gartner, Inc.'s “Magic Quadrant for Property and Casualty Insurance Claims Management Modules1.” This is the third year in a row that Guidewire has appeared in the Leaders Quadrant and the first that Guidewire appears as the sole leader.
The global report evaluated seven vendors that have qualified for inclusion in the claims management module market. Guidewire was positioned highest on the ability to execute axis and furthest on the completeness of vision axis in the report.
“Leaders offer the broadest range of product capabilities, LOB experience and operational capabilities,” wrote Jeff Haner, principal research analyst, Insurance, Gartner and author of the report. “They demonstrate unusual strength in terms of sales execution and consistent, best-in-class implementation results, while also maintaining a steady rate of new customer wins.”
“The Guidewire team is honored to be recognized as the sole leader by Gartner in the Claims Management Magic Quadrant,” said Brian Desmond, chief marketing officer, Guidewire Software. “We are very thankful for the insight provided by our engaged customer community, representing all regions of the world and all lines of business, which helps us to continually improve ClaimCenter. We also thank Gartner for this recognition which we believe is a validation of the success achieved through the collaborative effort of the Guidewire community and inspires us to continue to innovate and improve.”
Guidewire ClaimCenter® is an end-to-end claims management system, built from the ground up to meet the specific needs of today’s P/C insurers. ClaimCenter’s flexible business rules enable claims organizations to define, enforce and continually refine their preferred claim handling practices in order to optimize and monitor their claim processes. ClaimCenter is in use by insurers of all sizes across all product lines to improve speed and accuracy, reduce loss adjustment expense, and enable proactive management of claims. ClaimCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to an insurer’s legacy systems or third party applications.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.