Radian Selects Guidewire Solution for Underwriting, Rating, Policy Administration, Billing, and Claims Management
20 Décembre 2013 - 2:55PM
Business Wire
Guidewire InsuranceSuite™ to help private
mortgage insurer enhance operational efficiencies, increase
agility, and consolidate multiple platforms
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc. (NYSE: RDN), and Guidewire Software, Inc. (NYSE:
GWRE), a provider of software products to Property/Casualty
insurers, today announced that Radian has selected Guidewire
InsuranceSuite™ as its new platform for underwriting, rating and
policy administration, claims management, and billing. The company
also selected Guidewire Client Data Management™ to help give it a
comprehensive customer view across underwriting, policy
administration, claims, and billing processes. Guidewire
PartnerConnect™ alliance member, Capgemini, has been selected to
lead the implementation project, with Guidewire working in close
collaboration.
Radian selected Guidewire’s InsuranceSuite in order to expedite
underwriting turn times, reduce complexities caused by multiple
platforms, and enhance its business and technology
capabilities.
“In addition to the business and IT benefits we know Guidewire
InsuranceSuite will bring to us, we selected InsuranceSuite because
the governing principles of how Guidewire has architected its
software have remained intact since 2002,” said Lawrence DelGatto,
Radian’s executive vice president and chief information officer.
“We were impressed with the way that Guidewire’s software was
developed which allows it to be easily customized and integrated
with external partners, suppliers and other market solutions for a
streamlined insurance experience.”
“We are pleased to welcome Radian to the Guidewire family as an
InsuranceSuite customer,” said Dan Gordon, vice president, Product
Management, Guidewire Software. “We recognize Radian’s commitment
to operational speed and efficiency and look forward to helping
them achieve their objectives.”
Guidewire InsuranceSuite powers the mission-critical operations
of property/casualty insurers competing in today’s market. The
suite was designed using a modular approach, enabling insurers to
select individual applications -- Guidewire PolicyCenter®,
Guidewire BillingCenter®, and Guidewire ClaimCenter® -- or a
pre-integrated set, driven by their requirements and priorities.
InsuranceSuite provides the flexibility insurers need to deliver
insurance the way they want to, by rapidly delivering better
products and service to their policyholders and agents, while
improving underwriting discipline and lowering operational
costs.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk mitigation
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of low-down
payment mortgages in the secondary market. Additional information
may be found at www.radian.biz.
Forward-Looking Statements
Some of the statements in this press release may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities and
Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these
forward-looking statements. These forward-looking statements, which
may include without limitation, projections regarding our future
performance and financial condition, are made on the basis of
management’s current views and assumptions with respect to future
events. Any forward-looking statement is not a guarantee of future
performance and actual results could differ materially from those
contained in the forward-looking statement. These statements speak
only as of the date they were made, and we undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. We operate
in a changing environment. New risks emerge from time to time and
it is not possible for us to predict all risks that may affect us.
For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of Part I of our Annual Report
on Form 10-K for the year ended December 31, 2012 and
subsequent reports and registration statements filed from time to
time with the Securities and Exchange Commission.
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 150 Property/Casualty insurers around the world have
selected Guidewire. For more information, please visit
www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
Guidewire Software, Inc.Diana Stott, +1 650-356-4941Director,
Communicationsdstott@guidewire.comorRadianEmily Riley, +1
215-231-1035emily.riley@radian.biz
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