Midwest-based property and casualty insurance
provider to use Guidewire Core and Digital products to improve
business agility and user experience
Grinnell Mutual Reinsurance Company, a provider of property and
casualty (P/C) insurance and reinsurance to customers in 15 states,
and Guidewire Software, Inc. (NYSE:GWRE), a provider of software
products to P/C insurers, today announced that Grinnell Mutual has
selected Guidewire InsuranceSuite™, Rating Management, Client Data
Management, and Business Intelligence for InsuranceSuite as its
platform for policy administration, billing, claims management,
underwriting, rating, client data management, and analytics. The
company has also selected Guidewire Quote and Buy Portal™ for
Policyholders, Account Management Portal for Policyholders, and
Gateway Portal for Agents to enhance the digital experience of its
policyholders and agents. Guidewire PartnerConnect™ Consulting
member Cynosure, a boutique global consulting firm specializing in
the implementation of Guidewire InsurancePlatform™ products, is
leading the implementation.
Grinnell Mutual selected Guidewire Core and Digital products to
transform how it does business and enhance its commitment to
serving its mutual members, agents and policyholders. The company
is entering a new market, and will be implementing all of the
products at the same time for its personal lines of business.
Following that deployment, Grinnell Mutual will be looking to
implement the Guidewire systems in the other states where it
currently does business.
“We were looking for a vendor that could provide the
comprehensive platform we needed. After an intensive evaluation
process, we selected Guidewire because we wanted a fully integrated
suite of products to improve operational effectiveness, efficiency,
and customer service,” said Roby Shay, Grinnell Mutual vice
president, Enterprise Solutions, and chief information officer.
“Guidewire’s vision, P/C industry focus, and product maturity were
also attractive to us.”
“This is the biggest organizational transformation we have ever
sought to achieve, so it was extremely important that our business
and technology stakeholders were involved in the decision-making
process,” Shay continued. “We are confident that Guidewire’s
systems will enable our employees, agents, and mutual members to
focus on their core competency: providing our policyholders with
the very best insurance and service we can offer.”
Guidewire’s products will enable Grinnell Mutual to:
- Enhance operational efficiency and
productivity throughout the organization by standardizing policy
administration, billing management, and claims handling processes
on a cohesive technology platform
- Enable agents and mutual members to
provide exceptional service to policyholders
- Bring new products and services to
market more quickly
“We are delighted that Grinnell Mutual has partnered with
Cynosure for their Guidewire product implementations,” said Anupam
Mittra, Senior Director and Co-founder, Cynosure. “There is synergy
between our firms and we look forward to helping Grinnell Mutual
transform its business and continue succeeding in the agile
insurance landscape.”
“We welcome the addition of Grinnell Mutual to the Guidewire
customer family,” said Ken Shapiro, group vice president, Americas
Sales, Guidewire Software. “We applaud Grinnell Mutual’s commitment
to helping ensure its ability to compete in the rapidly changing
insurance marketplace, and we look forward to working with them and
Cynosure on this project.”
About Grinnell Mutual Reinsurance Company
Located in Grinnell, Iowa, Grinnell Mutual operates in Illinois,
Indiana, Iowa, Minnesota, Missouri, Montana, Nebraska, New York,
North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, and
Wisconsin, and Virginia, partnering with and reinsuring 250
FarMutual members and offering direct lines of insurance through a
network of more than 1,600 independent agencies. We are the
largest, primary reinsurer of farm mutual companies in North
America and continue to receive an A rating from A.M. Best, a
leading industry rating service, as we have for more than 20 years.
For more information, please visit www.grinnellmutual.com.
About Cynosure
Based in Jacksonville, Florida, Cynosure is a team of Guidewire
InsurancePlatform™ experts focused on simplifying core system
transformation for insurers. Cynosure was founded with the
objective of helping Guidewire Software® customers lower their
total cost of ownership. Leveraging its deep understanding of
Guidewire products, Cynosure delivers speed and efficiency to its
clients’ business operations. For more information about Cynosure,
visit CynosureInc.com or call (630) 481-7739.
About Guidewire Software
Guidewire delivers the software that Property/Casualty (P/C)
insurers need to adapt and succeed in a time of rapid industry
change. We combine three elements – core operations, data and
analytics, and digital engagement – into a technology platform that
enhances insurers’ ability to engage and empower their customers
and employees. More than 260 P/C 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170112005227/en/
Guidewire Software, Inc.Diana Stott, +1 650-356-4941Director,
Communicationsdstott@guidewire.comorGrinnell Mutual Reinsurance
CompanyJennifer Miller, +1 641-269-8322Integrated Marketing
Managerjmiller@gmrc.comorCynosureSid Wadhwa, +1 773-454-8839CEO and
Co-Founderswadhwa@cynosureinc.com
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