Guidewire PolicyCenter and BillingCenter enable South African insurer
to modernize, simplify and improve product offerings and capabilities
across policy life-cycle
Company Website:
http://www.guidewire.com/
BELLVILLE, South Africa & FOSTER CITY, Calif. -- (Business Wire)
Santam, South Africa’s leading non-life insurer, and Guidewire Software,
Inc. (NYSE:GWRE), a provider of software products to general
(Property/Casualty) insurers, today announced that Santam has
successfully deployed Guidewire PolicyCenter® as its new underwriting
and policy administration solution and Guidewire BillingCenter® as its
new billing system. The company has also implemented Guidewire Rating
Management and Reinsurance Management.
Santam deployed PolicyCenter and BillingCenter to enhance its product
and service offerings to its customers, policyholders, and brokers. The
insurer sought a system that would improve its ability to respond to the
market more quickly from a product perspective, help it streamline and
improve its processes and system infrastructure, and enable it to
interact with its customers through a variety of channels.
“Successfully implementing PolicyCenter and BillingCenter for our
Personal Lines business is a huge milestone for our team,” said John
Melville, executive head, Risk Services, Santam. “Guidewire has been a
true partner to us throughout the implementation, and we look forward to
working together on further deployment.”
PolicyCenter and BillingCenter are enabling Santam to:
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Increase ease of business transactions for policy-holders and brokers;
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Achieve underwriting excellence by implementing innovative
underwriting techniques and providing consistency in underwriting
guidelines;
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Manage premium rating bases more dynamically; and
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Improve productivity, facilitating more focus on value-added
activities.
“We congratulate Santam on the successful implementation of their
PolicyCenter and BillingCenter,” comments Mike Polelle, chief customer
officer, Guidewire Software. “We are impressed by their focus on
providing excellent service to customers and brokers alike, and are
delighted to work alongside them in this project.”
Guidewire PolicyCenter® is a flexible underwriting and policy
administration system that enables general insurers to grow business
profitably by improving efficiency, while responding with agility to
market opportunities and enhancing relationships with customers and
brokers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front- and back-office processes,
from new business submission and quoting through to policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire
InsuranceSuite™, and can be integrated with an insurer’s legacy systems
or third party applications.
Guidewire BillingCenter® is a comprehensive billing and receivables
management system built on the core design principles of automation,
control and flexibility. BillingCenter allows you to deliver insurance
your way by making it easier to automate the billing lifecycle; design
flexible billing, payment and payment plans; manage agent commissions;
and enable rapid integration with external payment systems.
BillingCenter is available as a standalone system or as part of
Guidewire InsuranceSuite™, and can be integrated to a general
(Property/Casualty) insurer’s legacy systems or third party applications.
About Santam Limited
Santam Limited (Santam) is South Africa’s leading insurance provider,
offering short-term insurance products to commercial, corporate and
personal markets. The company offers specialized products and services
to specific markets through a network of brokers. It provides personal
insurance, commercial insurance, agricultural insurance, corporate
insurance, specialized insurance risk finance and MultiSOS services to
its customers. Santam also provides engineering, guarantee, liability,
motor, accident and health, property, transportation and crop insurance
policies. For more information about Santam, please visit www.santam.co.za.
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers
replace their legacy core systems and transform their business. Designed
to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 180 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, Deliver Insurance
Your Way, and the Guidewire logo are trademarks, service marks, or
registered trademarks of Guidewire Software, Inc. in the United States
and/or other countries.
Contacts:
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director,
Communications
dstott@guidewire.com
or
Santam
Limited
Donald Kau, +27 21 915 7373
Head: Corporate Affairs
donald.kau@santam.co.za
Source: Guidewire Software, Inc.
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