Guidewire Software, a provider of solutions for property/casualty insurers, announced the release of Guidewire PolicyCenter 2.0, a comprehensive policy administration system for commercial and personal lines of P&C insurance. Guidewire PolicyCenter 2.0 is a Web-based system-of-record optimized to make it easier for producers to do business with insurance carriers by providing straight-through processing, automate renewal handling for enhanced accuracy and efficiency, and to bring new products to market quickly through core policy administration system flexibility.
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 renewal processing; advanced configurable workflow that provides for variations in business processes across lines of business; and underwriting file for renewals, account file enhancements, and shared job wizards.
"Guidewire PolicyCenter can significantly reduce a carrier's new product time to market while providing a more efficient operating environment from new application through the life of the policy," says Ken Branson, vice president, development, Guidewire Software. "Continuous product enhancement for our entire product family enables our clients to maintain their competitive advantage in today's demanding and rapidly changing insurance market."
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