FRIDAY Deploys Guidewire InsuranceSuite™ in the Cloud in Record 60 Days

By a News Reporter-Staff News Editor at Computer Weekly News -- FRIDAY, the digital motor insurance insurer, and Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to general insurers, announced that FRIDAY is using Guidewire InsurancePlatform™ products to support its business processes and drive its digital insurance model. FRIDAY has already deployed Guidewire InsuranceSuite™ and Guidewire Rating Management™ as its platform for underwriting, policy administration, claims management, billing, and rating. FRIDAY is also using Guidewire Digital Portals™ APIs to enhance its customers' digital experience.

FRIDAY, the German branch of Baloise Assurances Luxembourg S.A., provides all its insurance services entirely paperless, mobile and fully digitally integrated, on a pay-by-month basis, and offers an informal and simple approach to motor insurance through creative digital engagement.

Working with Guidewire PartnerConnect™ alliance member, PwC, FRIDAY's team not only implemented the Guidewire platform in the cloud in a record time, but also built an innovative product, new to the German motor insurer market. This product allows car owners to pay for insurance on a per-kilometer basis, with the year's premium adjusted retroactively according to distance, as transmitted by the customer to FRIDAY.

"At FRIDAY, we aim to shape the future of insurance by offering and developing customer-centric products," said Christoph Samwer, CEO and co-founder, FRIDAY. "Our first production release includes a mileage-based product, novel for the German market, and illustrates well our aim to provide customers with flexible insurance that suits their specific life-styles. Moving forward, our ambition is to become the most popular mobile insurer in Germany."

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