FOSTER CITY, Calif.--(BUSINESS WIRE)--Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that it has been positioned as a "Leader" in Gartner, Inc.'s first “Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America1.” Guidewire was positioned highest on the ability to execute axis and furthest on the completeness of vision axis in the report. The report can be viewed here.
As the first Gartner Magic Quadrant for the P/C insurance policy management space, the report evaluates eight vendors that have qualified for inclusion.
“Demand for policy management modules remains high in North America,” wrote Jeff Haner, principal research analyst, Insurance, Gartner and author of the report. “Overall demand for modular core solutions has been flat from 2013 to 2014, but the policy vendors profiled in this Magic Quadrant have defied this trend and are experiencing significant new customer growth.”
“The Guidewire team is honored to be named a leader by Gartner in the Policy Management Magic Quadrant,” said Brian Vannoni, vice president, Product Marketing, Guidewire Software. “Core systems are the operational foundation on which insurance companies run their business. Increasingly insurers recognize the imperative to replace these systems to ensure future competitiveness and an achievable transformation into the digital insurance business they strive to become.”
Vannoni added, “We view this report as acknowledgement of the collective success achieved by the Guidewire community. We thank our customers for choosing us as their partner. We are humbled by their overwhelming support.”
Guidewire has previously been named a "Leader" in Gartner, Inc.'s “Magic Quadrant for Property and Casualty Insurance Claims Management Modules2,” which was published in 2014.
Guidewire PolicyCenter® is a flexible underwriting and policy administration system that enables Property/Casualty insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and customers. Designed to support both commercial and personal lines, PolicyCenter helps insurers streamline front and back office processes, from new business submission and quoting through policy renewals. PolicyCenter 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.
1 Gartner Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America, Jeff Haner, December 23, 2014
2 Gartner Magic Quadrant for Property and Casualty Insurance Claims Management Modules, Jeff Haner, May 28, 2014
About Guidewire Software
Guidewire builds software products that help Property/Casualty (general) insurers replace their legacy core systems and transform their business. Designed to be flexible and scalable, Guidewire products enable insurers to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™ provides the core systems used by insurers as operational systems of record. Additional products provide support for data management, business intelligence, anytime/anywhere access and guidance and monitoring. More than 180 Property/Casualty (general) insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, and Guidewire BillingCenter are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.