Rockingham Insurance Selects Guidewire for Cloud-Based, All-in-One Solution
February 16 2018 - 8:55AM
Business Wire
Mid-Atlantic Insurer to leverage Guidewire
cloud-based solution to increase business agility and ease of
integration
Rockingham Insurance, one of the ten oldest mutual insurers in
the United States, and Guidewire Software, Inc. (NYSE: GWRE), a
provider of software products to Property and Casualty (P&C)
insurers, today announced that Rockingham Insurance has selected
Guidewire InsuranceNow™ to modernize its technology platform and
transform the way it does business. The company plans to implement
InsuranceNow’s All-in-One functionality by line of business in
three phases. Rockingham Insurance will start with its dwelling
properties line of business and will follow with its other personal
lines – auto, homeowners, mobile homeowners and umbrella. The final
phase will bring in its commercial lines of business [farmowners,
business owners (BOP), etc.]
“Guidewire’s product maturity and market share, as well as their
responsiveness, industry knowledge, and track record of successful
implementations were important factors in our decision-making
process,” said Eugene Vatnik, CIO for Rockingham Insurance. “We
look forward to leveraging the best technology and tools available
to continue improving upon our success, and our team is excited
about what the future holds for our collaboration with
Guidewire.”
“Our previous all-in-one system had reached its limits and was
no longer being sold on the market,” said Karen Bowman, project
manager for Rockingham Insurance. “As a small company, having
Guidewire manage our maintenance and updates will enable our
employees to focus on their core competency: providing our
policyholders with the very best insurance and service we can
offer. We expect that they will be able to stay current with our
core applications and benefit quickly when technology enhancements
and new integrations are introduced.”
InsuranceNow will enable Rockingham Insurance to:
- Enhance operational efficiency and
productivity throughout the organization by standardizing policy
administration, billing management, and claims handling processes
on a cohesive All-in-One technology platform; and
- Increase speed-to-market, business
agility, and allow current IT staff to focus on more strategic
initiatives to support the business by leveraging cloud
technology.
“We are pleased to welcome Rockingham Insurance to the Guidewire
community,” said Steve Sherry, chief sales officer, Guidewire
Software. “We applaud the company’s mission to evolve its
technology foundation, ensuring that it can continue to meet the
insurance needs of its policyholders, now and in the future, and
protect their assets from perils that threaten their financial
well-being. We are excited to begin our work together.”
Guidewire InsuranceNow™ is a cloud-based, all-in-one solution
that supports the P&C insurance lifecycle. Its integrated
design, out-of-the-box functionality, and guided approach enable
fast implementation and quick upgrades. Cloud-based delivery and
ongoing operational support by Guidewire provide insurers the
freedom to focus on innovation and respond rapidly to market
demands, even when they have limited IT support.
About Rockingham Insurance
Rockingham Insurance is a property & casualty insurance
company providing coverage for homes, autos, farms, rental
properties, and businesses. Rockingham Insurance includes;
Rockingham Insurance Company, Rockingham Casualty Company and
Rockingham Mutual Service Agency. Headquartered in
Harrisonburg, Virginia, Rockingham Insurance is eligible to write
business in all fifty states. For almost 150 years, Rockingham has
been insuring the people and companies that make our community grow
and thrive. Rockingham holds an “A” Excellent rating with
A.M. Best Company, a highly regarded assessor of the financial
and management stability of insurance
companies. Visit www.rockingham.insure for more
information.
About Guidewire Software
Guidewire delivers the software that Property and 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 300 P&C insurers around the
world have selected Guidewire. For more information, please visit
www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
NOTE: For all information about Guidewire’s trademarks,
visit https://www.guidewire.com/legal-notices.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180216005109/en/
Guidewire Software, Inc.Diana Stott, +1 650-356-4941Director,
Communicationsdstott@guidewire.comorRockingham InsuranceWilliam E.
Bayer, 800-434-7736 x108Vice President - Marketingbbayer@rockinghamgroup.com
GuideWire Software (NYSE:GWRE)
Historical Stock Chart
From Aug 2024 to Sep 2024
GuideWire Software (NYSE:GWRE)
Historical Stock Chart
From Sep 2023 to Sep 2024