Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, today announced that Guidewire PolicyCenter™ has again been named the winner of two XCelent Awards in Celent’s North American Policy Administration Systems 2018: Personal, Commercial, and Specialty ABCD Vendor View[1] report. PolicyCenter was recognized as the top solution out of 33 policy administration systems in the Advanced Technology and Customer Base categories. Guidewire InsuranceNow™ was also featured in the report. Read the PolicyCenter report excerpt here.
The XCelent Award for the best solution in the “Advanced Technology” category is based on several criteria, including the platform and modernity, user interface (UI), adaptability/extendibility of data, integration, scalability and cloud, and ease of change. The XCelent Award for the leading solution in the “Customer Base” category considered the number of North American customers in production with various systems for personal, commercial, or specialty lines of business, and new client momentum in the region.
“We view PolicyCenter as a leading policy administration solution,” said Karlyn Carnahan, head of Celent’s P&C research practice in the Americas and coauthor of the report. “It offers a well-designed UI, broad functionality, and a substantial and growing customer base.”
InsuranceNow was cited for its very user-friendly UI and the strength of its PowerTools configuration environment. Donald Light, Celent research director and coauthor of the report, said, “InsuranceNow has shown continued momentum and continues to be one of the strongest cloud-based solution options for small and midsized carriers.” Read the InsuranceNow report excerpt here.
“We are pleased that Celent, a well-respected analyst firm covering the P&C insurance market, continues to recognize the strength of our products,” said Brian Desmond, chief marketing officer, Guidewire. “This is an exciting time with so much innovation happening in the industry. For our part, Guidewire is committed to providing the industry platform that P&C insurers can rely on to power their business success. We are pleased with our progress to date while acknowledging the hard work ahead as we continually innovate and assume increased responsibilities in the division of labor between us and our customers.”
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[1] North American Policy Administration Systems 2018: Personal, Commercial, and Specialty ABCD Vendor View