Gallop Solutions Blog
Guidewire Testing: Can Test Automation Help Realize Higher ROI for Insurance Industry?
On the latest release of 2016.2 Guidewire Insurance Platform™, Wade Bontrager, Vice President, Business Owner, Predictive Analytics, Guidewire Software said, “This release delivers on our goal of continually adding new sources of value for our customers, particularly in the fast-paced Data and Digital engagement areas, enabling our customers to mine and deploy far more insight from the explosion of data available to the industry today”. This estimates how Digital Transformation and Digital Engagement is making an impact across every industry and sector. Specially, the Insurance sector is facing some inherent challenges today, namely, more competition, changing consumer preferences, compliance with Federal regulations and growing digital confluence. Guidewire Software Inc., popularly known as Guidewire is a provider of software products to Property and Casualty (P/C) insurers. A software published based in Foster City, California, Guidewire offers core backend software for property and casualty insurance carriers in the US and worldwide. The Guidewire Insurance Suite™ offers a comprehensive bunch of applications that support various insurance operations, namely, underwriting, policy administration, billing, and claims management. The Insurance Suite applications comprise a set of shared platform modules that include the property and casualty insurance lifecycle and particularly change the legacy systems developed and installed internally by the carrier. Insurance carriers across the world implement Guidewire for some recognizable benefits. Some of the known names in the sector are Canadian Automobile Association Insurance Company (Ontario), Hartford Steam Boiler, Insurance Corporation of British Columbia, Kentucky Farm Bureau Mutual Insurance Company, The Cincinnati Insurance Companies, and United Automobile Insurance Company (UAIC). Guidewire’s three aspects, namely, operations, data and analytics, and digital engagement have enabled over 200 Property and Casualty carriers to enhance operational efficiency, speed-to-market and customer experience.
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