US-based Columbia Insurance coverage Group (Columbia) has launched into a modernisation journey by partnering with Guidewire, a supplier of software program for the insurance coverage trade.
The collaboration goals to streamline Columbia’s IT operations and ship enhanced worth to its brokers, policyholders, and staff.
This transfer will contain the implementation of Guidewire InsuranceSuite on Guidewire Cloud throughout all strains of enterprise within the states the place Columbia operates.
Columbia is a mutual insurance coverage firm engaged in providing property and casualty insurance coverage options to small and mid-sized companies.
The primary state is predicted to transition to the brand new platform by 2025.
To help this mission, PwC, a Guidewire PartnerConnect Consulting International Premier member, will present implementation help.
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Along with InsuranceSuite, Columbia has chosen a set of Guidewire analytics and information instruments, together with Guidewire Canvas, Guidewire Evaluate, Guidewire Discover, Guidewire HazardHub, and Guidewire Predict.
These options will probably be built-in instantly into Columbia’s coverage and claims workflows, providing insights and data-driven decision-making capabilities.
Moreover, Columbia chosen SmartCOMM from Sensible Communications for buyer communications administration, with Guidewire performing as a reseller for the Guidewire PartnerConnect Answer member.
Columbia vp and chief data officer Lisa Wharton mentioned: “We chosen Guidewire as a result of we would have liked to modernise our expertise platform to fulfill our long-term enterprise technique wants.
“Guidewire is the main insurance coverage software program supplier on the planet. It’s forward of others in performance, concentrate on analysis and growth, and help, simply to call a couple of.”
This growth follows an alliance between Swiss Re Reinsurance Options and Guidewire in November 2023.
Swiss Re and Guidewire goal to combine reinsurance information fashions and danger insights into the Guidewire platform, offering prospects with superior analytics, integrations, and information switch choices.
