Heritage Insurance Company Selects Guidewire Cloud to Increase Agility for Business Growth
October 14 2022 - 8:55AM
Business Wire
Heritage Insurance Company (Heritage) and Guidewire (NYSE: GWRE)
announced that Heritage selected InsuranceSuite on Guidewire Cloud
to power core operations and simplify IT and quickly adapt to
changing market demands. The company plans to implement
InsuranceSuite beginning with ClaimCenter simultaneously across all
lines of business and states where it operates. The implementations
of PolicyCenter and BillingCenter will follow, to be implemented by
state upon policyholder conversion or renewal. Guidewire
PartnerConnect Consulting member PwC will be leading the
implementation project.
By selecting Guidewire Cloud, Heritage will also be utilizing
Cloud Data Access (CDA) to securely access raw, uncurated
InsuranceSuite data with all change history. The company will be
making CDA the basis for streaming Guidewire Cloud Data in near
real-time into its robust Enterprise Data Warehouse. In addition,
Canvas, Compare, Explore, HazardHub, and Predict will help Heritage
make every insurance decision smarter by leveraging curated intel
from an array of high-value data sources, embedding intelligence
into core processes, and learning continuously by monitoring
business impact. Heritage will also operate EnterpriseEngage to
offer a seamless omnichannel digital experience to its agents,
customer service representatives, policyholders, and vendors.
“We operate in catastrophe-prone areas so it's very critical for
us to respond to market conditions quickly. Guidewire Cloud’s
configurability will enable us to achieve the speed-to-market and
help with overall productivity,” said Sai Giridharan, VP – Head of
Digital Transformation & Analytics, Heritage. “We are also
excited about the benefits that Guidewire’s analytics capabilities
will offer to us, such as leveraging Predict for predictive
modeling.”
“By leveraging Guidewire Cloud, we will be able to take
advantage of Guidewire’s latest technology and innovation,” added
Ernie Garateix, CEO, Heritage. “Guidewire will enable us to bring
about process efficiencies across our operations.”
“Businesses of all sizes are seeing the value in embracing cloud
transformation as a necessary step in their growth and Guidewire
Cloud continues to be a leading tool in this journey," said Imran
Ilyas, Partner, PwC. "We are pleased that Heritage has entrusted us
with implementing Guidewire applications in Guidewire Cloud and
look forward to facilitating their transformation.”
“Heritage is a premier provider of P&C insurance along the
U.S. Gulf Coast,” said John Mullen, President and Chief Revenue
Officer, Guidewire. “We applaud the company’s mission to deliver
insurance products and services that offer the greatest value in
the most challenging markets. We look forward to our partnership
with Heritage as they leverage InsuranceSuite on Guidewire Cloud to
ensure they meet their commitment to provide homeowners with the
highest quality property insurance and some of the most competitive
rates in the region.”
Heritage also selected SmartCOMM™ from Smart Communications for
customer communications management. Guidewire is a reseller of
Smart Communications, a Guidewire PartnerConnect Solution
member.
About Heritage
Heritage Insurance Holdings, Inc. is a super-regional property
and casualty insurance holding company. Through its insurance
subsidiaries and a large network of experienced agents, the Company
writes approximately $1.2 billion of gross personal and commercial
residential and commercial general liability premiums across its
multi-state footprint. For more information, please visit
https://www.heritagepci.com/.
About Guidewire
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and AI to deliver our platform as a cloud service. More
than 500 insurers in 38 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 1,000+ 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 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/20221014005008/en/
Diana Stott Director, Communications Guidewire +1.650.781.9955
dstott@guidewire.com
Renee Warden Director of SEC Financial Reporting Heritage
Insurance Holdings, Inc rwarden@heritagepci.com
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