|[March 14, 2014]
Admiral Group Selects Guidewire Systems for Underwriting, Policy Administration, and Billing
CARDIFF, Wales & FOSTER CITY, Calif. --(Business Wire)--
Admiral Group plc (Admiral), one of the largest car insurance providers
in the United Kingdom, and Guidewire Software, Inc. (NYSE:GWRE), a
provider of software products to general insurers, today announced that
Admiral has selected Guidewire PolicyCenter® as its new policy
administration solution, and Guidewire BillingCenter® to manage
its billing operations.
As the first insurer in the UK to offer MultiCar insurance, Admiral is
well-known in the industry for being innovative. The organization sought
a flexible and modern technology platform, and selected PolicyCenter and
BillingCenter to help enable it to bring products to market quickly and
"We were looking for policy and billing systems that would allow us to
make product changes quickly and easily," said Charlotte Bennett, Head
of IT, Admiral Group. "The out-of-the-box functionality and flexible
architecture provided by PolicyCenter and BillingCenter will enable us
to develop and change our products faster."
"In addition, we were very impressed with how PolicyCenter and
BillingCenter handled MultiCar insurance, the capabilities the systems
provide for future innovation, as well as with the experience and
dedication of the Guidewire team," continued Bennett.
PolicyCenter and BillingCenter will enable Admiral to:
Increase operational efficiencies to more easily and quickly implement
product and system changes;
Easily configure the solutions' features and functionality to address
the organization's specific requirements and innovations, while
adopting out-of-the-box business best practices; and
Standardize policy administration and billing practices for
consistency and accuracy.
"We are pleased that Admiral has selected PolicyCenter and BillingCenter
to support their dedication to growth and continuous transformation,"
said Keith Stonell, Managing Director, EMEA, Guidewire Software. "We are
excited to help Admiral extend its repuation in these areas and achieve
its strategic objectives."
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 brokers
and customers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front and back office processes,
from new business 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; 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 general insurer's legacy systems or third party
About Admiral Group plc
Admiral Group plc, through its subsidiary company EUI Limited,
principally sells private motor insurance and associated products, such
as cover for breakdown, car hire and personal injury. EUI Limited
markets directly to the public in the UK through its four core brands:
Admiral, elephant.co.uk, Diamond, and Bell. Admiral Group plc employs
7,000 people and has 3.7 million customers worldwide. Admiral Group is
Wales' only FTSE 100 Company. Group turnover was £2.0 billion (2012:
£2.2 billion). In 2014 Admiral was named the second best big company to
work for in the UK and in 2013 Admiral was the second best multinational
workplace in Europe. www.admiralgroup.co.uk.
About Guidewire Software
Guidewire builds software products that help Property/Casualty 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 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
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.
[ Back To TMCnet.com's Homepage ]