Co-Operators Implements Guidewire Cloud To Transform Underwriting, Policy Administration, And Billing Operations In The Cloud
Portfolio Pulse from Benzinga Newsdesk
Canadian insurance and financial services organization, Co-operators, has successfully implemented Guidewire's (NYSE:GWRE) PolicyCenter and BillingCenter on Guidewire Cloud. The move is aimed at powering its policy administration, underwriting, and billing functions, simplifying its IT operations, and adapting to changing market demands. Co-operators' subsidiary, Sovereign Insurance, is also leveraging Guidewire Cloud. The company is currently working towards migrating its self-managed Guidewire ClaimCenter environment onto Guidewire Cloud.
October 10, 2023 | 1:07 pm
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Guidewire's partnership with Co-operators for the implementation of its PolicyCenter and BillingCenter on Guidewire Cloud could potentially boost its revenues and strengthen its market position.
The successful implementation of Guidewire's PolicyCenter and BillingCenter on Guidewire Cloud by Co-operators signifies a strong partnership between the two companies. This could potentially lead to increased revenues for Guidewire as it continues to provide its cloud services to Co-operators. Furthermore, this partnership could also strengthen Guidewire's market position as a reliable provider of cloud services for insurance and financial services organizations.
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