Guidewire Completes Acquisition of ISCS; Announces Availability of Cloud-Based, All-in-One Solution
February 16 2017 - 5:35PM
Business Wire
Guidewire InsuranceNow™, a cloud-based,
all-in-one solution provides insurers the freedom to focus on
innovation and respond rapidly to market demands, even with limited
IT support
Guidewire Software, Inc. (NYSE:GWRE), a provider of software to
the Property & Casualty (P&C) insurance industry, today
announced it has completed the acquisition of ISCS. The company
also announced the immediate availability of Guidewire
InsuranceNow™, a cloud-based, all-in-one solution that supports the
P&C insurance lifecycle.
“Guidewire’s acquisition of ISCS enables it to add a proven
option to the market,” said Karen Furtado, partner, Strategy Meets
Action. “It also illustrates the growing importance of the cloud
with respect to the solutions that vendors are providing to the
P&C market.”
“We are excited to broaden our platform with the addition of
InsuranceNow,” said Anthony Lye, chief cloud officer, Guidewire.
“In addition, the acquisition of ISCS offers us additional
IP and experience that will help us accelerate our delivery of new
cloud-based products and services.”
As an all-in-one system, InsuranceNow includes key core
functionality for policy administration, billing, and claims
management. It also includes data and digital functionality, such
as agent access and consumer portals, document management,
reinsurance, business intelligence, and producer management, within
a single system.
Key InsuranceNow attributes and benefits include:
- Cloud-based delivery and ongoing
operational support frees insurers to focus on innovation and
respond rapidly to market demands, even when they have limited IT
support;
- Functionality that supports data and
analytics and digital engagement in addition to core operations,
delivering an all-in-one integrated solution and resulting in less
complexity for insurers;
- An integrated design and guided
implementation approach for shorter project timeframes and quicker
upgrades; and
- A common user interface and fewer login
screens that simplify the system login process, reduce training
times, and improve collaboration between agents, insurers,
employees, and partners.
“InsuranceNow is ideally suited to insurers who want to better
compete with modern technology but lack the IT resources and model
to get there,” said Andy Scurto, former CEO and founder, ISCS and
now head of products for Guidewire InsuranceNow. “Its integrated
design, out-of-the-box functionality, and guided approach enable
rapid implementation and quick upgrades.”
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 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/20170216006357/en/
Guidewire Software, Inc.Diana Stott, +1
650-356-4941dstott@guidewire.com
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