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Basler Selects Guidewire Products for Underwriting, Policy Administration, and Billing
|By Business Wire
|May 19, 2014 05:00 AM EDT
Basler Versicherung AG Schweiz (Basler), a Swiss insurer and member
company of Baloise Group, and Guidewire Software, Inc. (NYSE: GWRE), a
provider of software products to non-life insurers, today announced that
Basler has selected Guidewire PolicyCenter® as its new
underwriting and policy administration system and Guidewire BillingCenter®
to support its commission an billing operations. Basler has also
selected Guidewire products Client Data Management and Rating Management.
As part of an initiative to update its core system technology to
increase its operational efficiencies and make product changes more
quickly and easily, Basler selected PolicyCenter and BillingCenter.
Basler will deploy PolicyCenter and BillingCenter in a phased
implementation approach across its non-life standard business starting
with its property product.
“We selected PolicyCenter and BillingCenter for the systems’
out-of-the-box functionality and configuration and programming
capabilities,” said Urs Bienz, Chief Operating Officer, Basler. “We are
also confident that the products’ shared technology platform and modern
architecture will help us to seamlessly integrate them.”
“In addition, Guidewire’s global track record of implementation success
was important to us since we are the first company to select Guidewire
PolicyCenter in the DACH* region,” continued Urs Bienz.
PolicyCenter and BillingCenter will enable Basler Insurance to:
Enhance business agility by enabling product changes to be made more
quickly and easily;
Provide its staff with modern technology standardizing underwriting,
policy administration, and billing management on a common platform to
allow them to do their job quickly and efficiently; and
Adopt out-of-the-box business best practices immediately while being
able to easily configure the solution’s features and functionality to
address the organization’s needs.
“We are pleased that Basler has selected Guidewire PolicyCenter and
BillingCenter as well as the Client Data Management and Rating
Management add-on modules,” said Keith Stonell, managing director, EMEA,
Guidewire Software. “We are excited to expand our presence in
Switzerland, and we are looking forward to working with Basler on their
policy and billing transformation project.”
Guidewire PolicyCenter® is a flexible underwriting and policy
administration system that enables property/casualty insurers to grow
business profitably by improving efficiency, while responding with
agility to market opportunities and enhancing relationships with agents
and customers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front and back office processes,
from new business submission and quoting through policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire
InsuranceSuite™, and can be integrated to an insurer’s legacy systems or
third party applications.
Guidewire BillingCenter® is a comprehensive billing and receivables
management system built on the core design principles of automation,
control and flexibility. BillingCenter allows you to deliver insurance
your way by making it easier to automate the billing lifecycle; design
flexible billing, payment and delinquency plans; manage agent
commissions; and enable rapid integration with external payment systems.
BillingCenter is available as a standalone system or as part of
Guidewire InsuranceSuite™, and can be integrated to a Property/Casualty
insurer’s legacy systems or third party applications.
About Basler Versicherung AG Switzerland
Basler Versicherungen provides insurance and pension solutions as well
as banking services. The company’s non-life insurance products include
property, household, general liability, motor, accident, health and
miscellaneous insurance. Its customers include individuals, small and
medium-sized firms, and selected industrial enterprises. For more
information, please visit www.baloise.com.
About Guidewire Software
Guidewire builds software products that help non-life insurers replace
their legacy core systems and transform their business. Designed to be
flexible and scalable, Guidewire products enable insurers to deliver
excellent service, increase market share and lower operating costs.
Guidewire InsuranceSuite™ provides the core systems used by insurers as
operational systems of record. Additional products provide support for
data management, business intelligence, anytime/anywhere access and
guidance and monitoring. More than 150 non-life insurers around the
world have selected Guidewire. For more information, please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
* Germany, Austria, and Switzerland
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, Deliver Insurance
Your Way, and the Guidewire logo are trademarks, service marks, or
registered trademarks of Guidewire Software, Inc. in the United States
and/or other countries.
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