Guidewire Software, a provider of solutions forproperty/casualty insurers, announced the release of GuidewirePolicyCenter 2.0, a comprehensive policy administration system forcommercial and personal lines of P&C insurance. GuidewirePolicyCenter 2.0 is a Web-based system-of-record optimized to makeit easier for producers to do business with insurance carriers byproviding straight-through processing, automate renewal handlingfor enhanced accuracy and efficiency, and to bring new products tomarket quickly through core policy administration systemflexibility.

Featured PolicyCenter enhancements in version 2.0 include:complete system-of-record with full out-of-sequence endorsement;user interface for configuring the product model; automated renewalprocessing; advanced configurable workflow that provides forvariations in business processes across lines of business; andunderwriting file for renewals, account file enhancements, andshared job wizards.

"Guidewire PolicyCenter can significantly reduce a carrier's newproduct time to market while providing a more efficient operatingenvironment from new application through the life of the policy,"says Ken Branson, vice president, development, Guidewire Software."Continuous product enhancement for our entire product familyenables our clients to maintain their competitive advantage intoday's demanding and rapidly changing insurance market."