Guidewire Software Announces Addition of Vertafore as New Technology Alliance Partner
AS VEGAS, NV – IASA Conference – June 8, 2015 – Vertafore and Guidewire Software, Inc. (NYSE: GWRE), today announced that Vertafore has joined Guidewire PartnerConnectTM, as a Solution Partner. PartnerConnect is Guidewire’s global network of select partner companies that provide consulting services or solutions to enhance, extend, and complement the capabilities of Guidewire products.
Vertafore plans to integrate its TransactNOW solution with Guidewire InsuranceSuiteTM and portal modules. TransactNOW connects agencies with insurance carrier systems in real time from Vertafore’s agency management system and improves connectivity between carriers, brokers, and agents. InsuranceSuite includes modules for claims management, underwriting and policy administration, and billing, complemented by mobile and portal access.
Today’s insurance agents require a deeper technology integration and connection with carriers in order to drive business efficiencies and offer consumers the most accurate information possible. A recent report titled, “How Independent P&C Insurance Agencies Are Thriving in Today's Competitive Marketplace,” 1 from research firm Aite Group, revealed that 63% of agencies are looking to leverage carrier partnerships as a means of gaining access to extended marketing and technology capabilities. Working with over 85 of the top 100 carriers and 96 of the top insurance agencies in the US, Vertafore is strengthening the connection across the insurance ecosystem, leading to increased efficiency and better customer service.
“Vertafore’s commitment to technology integration for both carriers and agents makes them a meaningful addition to our partner ecosystem and an important alliance for us,” said Neil Betteridge, vice president, strategy, Guidewire Software. “We look forward to facilitating agency-carrier collaboration across Vertafore’s agency systems, Guidewire InsuranceSuite and our newly announced Gateway Portal for Agents, which provides enhanced digital channel support to our mutual customers.”
“Guidewire is the gold standard in the carrier technology space,” said Steven Finch, vice president, Strategic Solutions, Vertafore. “The impact of this alliance will be felt by our mutual customers as we focus on providing them with the technology to reduce project implementation times, streamline compliance, and empower them to become more efficient and profitable.”
About Vertafore Vertafore’s comprehensive insurance management software solutions lead brokers and carriers to adapt to an evolving insurance industry to efficiently scale their businesses through deeper access to information and insights. The Vertafore product line is built on a platform, empowering customers and other solution providers to adapt and thrive as the market changes. Vertafore’s platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company’s blog, and follow the company on Twitter, Linkedin, and Facebook.
About RiskMatch RiskMatch is a business intelligence and analytics company that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities. For more information, visit the RiskMatch site.
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