Transformation and modernization of core insurance systems
Implementation of the full Guidewire InsuranceSuite on the cloud
One of France’s largest insurance companies wanted to transform its business core systems to be able to accelerate the time to market for new commercial auto products.
Cost reduction
Lower TCO
Increased efficiency
Faster time to market for new products
Customer satisfaction
New digital and multichannel capabilities
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. It combines digital, core, analytics, and AI to deliver its platform as a cloud service. More than 450 insurers run on Guidewire.
Challenge
Challenge
Modernize core insurance systems to accelerate time to market of new products
- One of France’s largest insurance companies wanted to transform its business core systems to be able to accelerate the time to market for new commercial auto products.
- The new core system had to respond to the requirements of the digital era, in particular with regard to multi-channel capabilities, automation and product flexibility.
- GFT validated that the Guidewire Suite could support the insurer’s future business intents and business model.
Engagement
Engagement
Implementation of the full Guidewire InsuranceSuite on the cloud
- GFT designed and leads a 3+-year full business and IT transformation roadmap
- Multidisciplinary and agile implementation teams in France, Canada and Poland, involving project managers, insurance business experts and Guidewire/technical professionals.
- A first release of two new commercial auto products, including an upgrade from v9 to v10, executed over a 10-month timeframe.
- Complex environment of 220+ integration points
- Build new product models, business gap analysis, Guidewire functional/technical training and full inception leading to staffing and implementation plan of Guidewire PolicyCenter, ClaimCenter, BillingCenter, Digital Portals, Datahub and Guidewire Suite integration.
- Customer data migration projects (greenfield, customer, billing, policy, claim) using big-bang and on-renewal approaches
- Moved from on-premises to cloud infrastructure during implementation and currently building a DevOps practice
Benefit
Benefit
Greater business agility to rapidly launch products, using digital channels, in response to market demand
- New digital and multi-channel capabilities
- Automation and flexibility regarding product offerings per distribution channels
- Lower TCO by moving to Guidewire cloud offering and AWS infrastructure
- High performance, highly available solution
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Success story
Transformation and modernization of core insurance systems