Guidewire Receives Highest Possible Rating in Leading Analyst Firm's Report on P&C Insurance Claims Systems

Guidewire Software, a leading provider of flexible core systems to property/casualty insurers, today announced that it has received a rating of “Strong Positive”, the highest possible rating in Gartner’s recently published “MarketScope for North American Property and Casualty Insurance Claims Administration Systems”. An excerpt of the report can be read online at www.guidewire.com.

Gartner’s MarketScope provides a comparative evaluation of claims administration systems that support the end-to-end claims administration transactions, based on seven major criteria: market understanding, offering/product strategy, product and services, overall viability and customer experience, sales execution and pricing, and sales strategy. The report stated, “North American property and casualty insurers continue to build and fund the business case for the replacement of their aging claims administration systems. This trend is validated from our surveys with end-user clients, who ranked claims administration replacement as a top priority for 2009.”

“We are honored to receive the highest possible rating from Gartner,” said John Raguin, chief executive officer of Guidewire Software. “Our customers choose us because we provide high quality software that consistently works as promised. I would like to thank them for their part in helping Guidewire continue to improve ClaimCenter, our flagship product, and in helping us to rapidly build products to address the core systems for billing and policy administration.”

Guidewire ClaimCenter is a leading end-to-end claims system for property/casualty insurance. ClaimCenter’s flexible business rules enable claims organizations to optimize and monitor the claim process. Claims executives can define, enforce, and continually refine their preferred claim handling practices. In addition, ClaimCenter uses a modern technology architecture, including a 100 percent Web client and Web services interface, which enables lower total cost of ownership in any environment.

Gartner Research “MarketScope: North American Property and Casualty Insurance Claims Administration Systems” by Stephen Forte. June 9, 2009.

About the Gartner MarketScope

The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.