CopperPoint Insurance Companies Implements Guidewire Cloud for Business Agility and Growth
February 08 2024 - 8:55AM
Business Wire
CopperPoint Insurance Companies (CopperPoint), a western-based
super regional commercial insurance company, and Guidewire (NYSE:
GWRE) announced that CopperPoint implemented Guidewire
InsuranceSuite on Guidewire Cloud to power its core business,
simplify its IT operations, adapt quickly to changing market
demands, and deliver more value to its agents, brokers, and
policyholders. The company, which has been a Guidewire customer
since 2012, migrated InsuranceSuite and the Guidewire
CustomerEngage and Guidewire ProducerEngage digital applications
simultaneously from a self-managed environment to Guidewire Cloud
for its Southwest and California regions. Guidewire PartnerConnect
Consulting Global Premier member PwC led the implementation
project.
“We decided that the time was right to migrate to Guidewire
Cloud now to help expedite the integration of a recent acquisition
into the CopperPoint technology infrastructure,” said CopperPoint
President and Chief Executive Officer Marc Schmittlein. “While the
scope of the migration project was ambitious for us, the
partnership with Guidewire and PwC led to a successful outcome and
we look forward to harnessing the capabilities of Guidewire Cloud
for our future growth.”
CopperPoint Senior Vice President and Chief Information Officer
Brad Lontz added, “Migrating to Guidewire Cloud has provided us
with enhanced features and much better usability, such as seeing a
20% average increase in utilization of the ACORD submission intake
process on a year-over-year basis. It has also helped us rapidly
build out additional lines of business through Advanced Product
Designer and enabled us to quickly move to the Jutro versions of
CustomerEngage and ProducerEngage. And we can now easily integrate
the best-in-class insurtech solutions that are part of Guidewire
Marketplace and the PartnerConnect ecosystem.”
“As businesses increasingly recognize the importance of cloud
transformation for their growth, Guidewire Cloud remains the
leading tool in enabling organizations of all sizes to embrace the
benefits of cloud technology. We are thrilled that CopperPoint
entrusted us with implementing InsuranceSuite and the Guidewire
Digital products on Guidewire Cloud and look forward to continuing
to help CopperPoint drive their digital transformation and deliver
exceptional results,” said PwC Partner Imran Ilyas.
“CopperPoint has a 98-year history of specialized expertise and
service excellence working to change the standard in workers’
compensation and commercial property and casualty insurance
coverage,” said Michael Mahoney, senior vice president and head of
Professional Services, Guidewire. “We congratulate the company on
its successful cloud transformation with its InsuranceSuite
migration to Guidewire Cloud. We are delighted that Guidewire will
serve as the technology foundation for CopperPoint to continue
making a difference by offering outstanding service in claims, loss
control, and underwriting.”
CopperPoint also implemented SmartCOMM™ from Smart
Communications for customer communications management. Guidewire is
a reseller of Smart Communications, a Guidewire PartnerConnect
Solution member.
About CopperPoint Insurance Companies
Founded in 1925, CopperPoint Insurance Companies,
www.copperpoint.com, is a leading provider of workers’ compensation
and commercial property and casualty insurance solutions. With an
expanded line of insurance products and a growing 26-state
footprint, CopperPoint is in a strong position to meet the evolving
needs of its agents, brokers, and customers. It has $5.1 billion in
total assets and an enterprise surplus of approximately $1.6
billion.
CopperPoint Mutual Insurance Holding Company is the corporate
parent of CopperPoint Insurance Companies, Pacific Compensation
Insurance Company and Alaska National Insurance Company. All
companies are rated A (Excellent) by AM Best.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and machine learning to deliver our platform as a cloud
service. More than 540 insurers in 40 countries, from new ventures
to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with more than 1,600 successful projects, supported
by the largest R&D team and partner ecosystem in the industry.
Our marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit http://www.guidewire.com/ and
follow us on X (formerly known as Twitter) and LinkedIn.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20240208377561/en/
Diana Stott Director, Communications Guidewire Software, Inc.
+1.650.781.9955 dstott@guidewire.com
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