Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, today announced that Guidewire InsuranceSuite™ has been recognized as a Leader in Gartner, Inc.'s “Magic Quadrant for P&C Core Platforms, North America1.” InsuranceSuite comprises essential core systems that support the property and casualty insurance lifecycle including underwriting, policy, billing, and claims management. It was positioned highest on the ability to execute axis and furthest on the completeness of vision axis in the report.
The report evaluates 15 vendor solutions in the P&C core platform market that have qualified for inclusion. Guidewire InsuranceNow™, optimized for customers seeking a cloud-based all-in-one suite, was recognized as a Challenger in this report.
“The scope of this research has expanded beyond the policy management module to the core platform because Gartner has observed a strong shift in buyer preferences toward vendors that offer broader capabilities, which include customer experience, partner management and data management capabilities,” wrote Jeff Haner, research director, Insurance, Gartner and author of the report.
“The Guidewire team is honored that InsuranceSuite has been named a Leader by Gartner in its Magic Quadrant for P&C Core Platforms, NA,” said Brian Vannoni, vice president and business owner, Core Operations, Guidewire Software. “We are committed to providing the technology our customers need to adapt and succeed in the rapidly changing P&C insurance industry. We believe this report reflects our growing investment in our software and the success of Guidewire customers - we are grateful for their ongoing support.”
Guidewire’s position in the Leaders quadrant follows two consecutive years as a Leader in Gartner, Inc.'s “Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America.2” The company has also been positioned as a Leader in the “Magic Quadrant for Property and Casualty Insurance Claims Management Modules 3” for three consecutive years.