Western Reserve Group Choses Guidewire Solution for Rating, Underwriting, Policy Administration, Billing, and Claims Management [Professional Services Close – Up]

Western Reserve Group, a Property/Casualty (P/C) insurer in Ohio and Indiana, and Guidewire Software, Inc., a provider of software products to P/C insurers, announced that Western Reserve Group has selected Guidewire InsuranceSuite as its new platform for rating, underwriting and policy administration, claims management, and billing.

According to a release, the company also selected Guidewire Client Data Management, Guidewire Reinsurance Management, and Guidewire Standards-based Templates. Western Reserve Group will be implementing the full suite in a phased approach starting with its commercial lines.

The companies reported that Western Reserve Group selected InsuranceSuite to increase its levels of automation and ease of use for its agents. The organization sought a pre-integrated suite of products that would reduce its time to market and also simplify its infrastructure. Western Reserve Group also wanted to strategically become current and stay current with the market to meet its customers' needs.

Further, InsuranceSuite will enable Western Reserve Group to:

-Increase its service levels to agents through automation, accessibility, and self-service capabilities;

-Bring products to market more quickly to effectively compete in their markets;

-Improve its data collection and analysis to obtain knowledge about what new products and features will best meet its market's needs;

-Enhance its operational efficiencies due to the standardization of business processes across its lines of business; and

-Leverage a common skill set and configuration tools that come with an integrated suite.

"We are excited about the efficiencies we expect to gain from Guidewire InsuranceSuite," said Michele Young, assistant vice president, Business Operations, Western Reserve Group. "The universal format and easy to navigate screens will make it less cumbersome to train between departments. InsuranceSuite will help enable us to meet our current and long-term business and IT goals."

"We are honored that Western Reserve Group has selected Guidewire InsuranceSuite to enable them to meet their business transformation goals," said Neil Betteridge, vice president, Strategy, Guidewire Software. "We admire their dedication to improving service levels for their agents and look forward to partnering with them on this project."

More information:

www.wrg-ins.com

www.guidewire.com

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