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 business.
The collaboration goals to streamline Columbia’s IT operations and ship enhanced worth to its brokers, policyholders, and workers.
This transfer will contain the implementation of Guidewire InsuranceSuite on Guidewire Cloud throughout all traces 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 anticipated to transition to the brand new platform by 2025.
To assist this challenge, PwC, a Guidewire PartnerConnect Consulting World Premier member, will present implementation help.
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Along with InsuranceSuite, Columbia has chosen a collection of Guidewire analytics and information instruments, together with Guidewire Canvas, Guidewire Evaluate, Guidewire Discover, Guidewire HazardHub, and Guidewire Predict.
These options shall be built-in immediately into Columbia’s coverage and claims workflows, providing insights and data-driven decision-making capabilities.
Moreover, Columbia chosen SmartCOMM from Good Communications for buyer communications administration, with Guidewire performing as a reseller for the Guidewire PartnerConnect Answer member.
Columbia vp and chief info officer Lisa Wharton stated: “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 this planet. It’s forward of others in performance, concentrate on analysis and growth, and assist, simply to call a number 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.
