Beneva, a mutual insurance coverage firm in Canada, has transitioned its core insurance coverage operations to the Guidewire cloud platform to streamline operations.
The corporate has carried out Guidewire PolicyCenter and BillingCenter to boost underwriting, coverage administration, billing administration and IT operations.
The migration, which started with private traces of enterprise, will even allow sooner adaptation to evolving market situations and enhance the general buyer expertise, the tech vendor claims.
Beneva is presently within the means of migrating Guidewire merchandise for its industrial traces of enterprise, with plans to finish the undertaking by transitioning its brokerage-based operations.
Beneva info know-how property and casualty and company companies vice-president Éric Marcoux stated: “We’re assured that by updating Guidewire Cloud Platform 3 times a yr, we can shortly derive enterprise worth from utilizing merchandise and options reminiscent of Autopilot Workflow Service, Guidewire Knowledge Studio, Guidewire Discover and Guidewire Jutro Digital Platform which might be solely accessible on Guidewire Cloud Platform.”
The transition follows the corporate’s earlier migration of Guidewire ClaimCenter to the cloud in 2023, making Beneva a full Guidewire InsuranceSuite buyer on the Guidewire Cloud Platform.
Guidewire chief buyer officer Christina Colby said: “We congratulate Beneva on their profitable PolicyCenter and BillingCenter migration undertaking to Guidewire Cloud Platform and are proud that InsuranceSuite on Guidewire Cloud Platform is serving because the know-how basis for the corporate’s enterprise technique and success now and into the long run.”
Final month, Guidewire introduced a $60m investment over the following 5 years to increase operations in Japan.
“Beneva transitions core insurance coverage operations to Guidewire cloud platform ” was initially created and printed by Life Insurance International, a GlobalData owned model.
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