Guidewire Software Inc Stock Price, News & Analysis

HDI Global Insurance Company (HGIC), the U.S. subsidiary of HDI Global SE, has selected Guidewire PolicyCenter on Guidewire Cloud as its new system for policy administration and underwriting. The implementation will begin with general liability, led by Ernst & Young LLP.

HGIC Chief Underwriting Officer Marco Hensel expects PolicyCenter to positively impact their combined ratio through improved underwriting and increased efficiencies. Chief Information and Transformation Officer Kashif Syed emphasized that this partnership aligns with HDI's strategic vision for market leadership through innovative solutions.

The selection was based on Guidewire's modern platform capabilities, market leadership, cloud maturity, and successful implementation track record. The cloud-based solution will enable HGIC to streamline policy management processes while Guidewire handles system maintenance.

Guidewire (NYSE: GWRE) hosted its largest European Insurance Forum in Paris, attracting over 375 attendees from 16 countries. The event showcased Guidewire's expanding European presence, now serving 76 customers across 19 countries, with 30 adopting Guidewire Cloud Platform.

The company unveiled three strategic initiatives:

• A new Agentic AI Development Framework to enhance developer efficiency and improve experiences for underwriters and claims adjusters
• Transformation of underwriting processes using AI for automated data extraction and analysis
• Implementation of AI-based Adjuster Assistant for streamlined claims handling

Guidewire also announced plans to acquire Quantee, a Polish insurtech startup, to enhance their dynamic pricing capabilities on the Guidewire Cloud Platform. The company's European expansion includes partnerships with 90 technology providers and a workforce of 4,000 consultants and 950 employees.

Guidewire (NYSE: GWRE) announced that If Skadeförsäkring, the Nordic region's leading property and casualty insurer, has completed its first business release of Guidewire InsuranceSuite on Guidewire Cloud Platform (GWCP). The platform will enhance If's partner-related automotive business in Sweden, serving almost one million car owners.

The implementation leverages GWCP's modular infrastructure and platform services, including the latest Las Leñas cloud release with new risk-scoring tools for underwriters and actuaries. Accenture, a Guidewire PartnerConnect Consulting Global Strategic member, supported the platform rollout.

The successful deployment marks the beginning of If's broader vision to implement Guidewire across additional markets to achieve greater efficiency and stability, focusing on delivering excellent customer and partner experiences.

Frankenmuth Insurance, a super-regional property and casualty (P&C) insurer, has selected Guidewire Cloud to modernize its core systems and IT operations. The company will migrate its existing InsuranceSuite from on-premises to Guidewire Cloud across all its business lines and operating states.

PwC, a Guidewire PartnerConnect Consulting Global Strategic member, will lead the migration project. The move will allow Frankenmuth to leverage Guidewire's cloud maturity and roadmap, enabling system maintenance shift to Guidewire while keeping current with latest innovations.

The implementation includes key features such as Guidewire Advanced Product Designer, Jutro Digital Platform for rapid capability development, and integration with third-party insurtech solutions through the Guidewire Marketplace. Frankenmuth will continue using Guidewire Predict and Analytics products for enhanced process analytics.

Montana State Fund, Montana's largest non-profit workers' compensation insurance company, has chosen to migrate its Guidewire InsuranceSuite from on-premises to Guidewire Cloud. The migration, starting with ClaimCenter, comes after 18 years of successful partnership with Guidewire (NYSE: GWRE).

The cloud migration will enable Montana State Fund to:

• Shift system maintenance to Guidewire
• Stay current with latest innovations
• Reduce dependence on third-party on-premise infrastructure
• Enable IT staff to focus on value-delivering tasks
• Enhance business continuity and disaster recovery capabilities
• Integrate with insurtech solutions from Guidewire Marketplace

Additionally, Montana State Fund will implement Guidewire Predict for risk segmentation and Jutro Digital Platform for creating unique user experiences across distribution channels.

Guidewire (NYSE: GWRE) reported strong Q2 FY2025 financial results, with total revenue reaching $289.5 million, up 20% year-over-year. The quarter was highlighted by 12 cloud deals, primarily with larger insurers. Subscription and support revenue grew 35% to $177.8 million, while services revenue increased 26% to $47.9 million. License revenue decreased 10% to $63.7 million.

Annual Recurring Revenue (ARR) reached $918.1 million, up from $864.0 million in July 2024. The company reported GAAP income from operations of $11.7 million, compared to a loss of $12.4 million in the previous year. Non-GAAP income from operations was $53.9 million.

Based on strong performance, Guidewire raised its FY2025 outlook, projecting ending ARR between $1,000-$1,010 million and total revenue of $1,164-$1,174 million.

Guidewire (NYSE: GWRE) has scheduled the release of its second quarter fiscal year 2025 financial results on Thursday, March 6, 2025, after market close. The company's management will host an audio webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the quarterly results. The webcast will be accessible to the public through Guidewire's Investor Relations website. A replay will be available two hours after the event concludes and will remain archived for three months.

Amerisure Insurance has successfully deployed Guidewire's PolicyCenter and BillingCenter on Guidewire Cloud for policy administration, underwriting, and billing management. The implementation started with Workers' Compensation line of business across all operating regions, with commercial auto and loss sensitive lines currently being implemented.

Following the migration of ClaimCenter to Guidewire Cloud in 2023, Amerisure is now a full Guidewire InsuranceSuite customer on Guidewire Cloud. The implementation, led by PwC, was completed on time and on budget. The new system enables account-level viewing, improved access to policy information, and streamlined processes through new integrations.

Key improvements include real-time visibility of quote-issue-bind cycle for new policies and significantly reduced staff training time. Amerisure plans to leverage Guidewire Marketplace solutions and PartnerConnect ecosystem to enhance workflow efficiency and improve policyholder experience.

Markel (NYSE: MKL) has successfully migrated its Guidewire ClaimCenter system to Guidewire Cloud for its US specialty lines operations, marking a significant modernization of its claims and IT infrastructure. The implementation was led by PwC, a Guidewire PartnerConnect Consulting Global Strategic member.

The company has also selected Guidewire BillingCenter for cloud migration, while Markel International has chosen ClaimCenter for its International Wholesale operation. The cloud migration enables Markel to automate system maintenance and updates, allowing teams to focus more on customer service. The implementation includes Guidewire Compare and Guidewire Explore tools for monitoring claims performance and benchmarking against industry peers.

This technological upgrade aims to enhance operational efficiency, improve customer experience, and provide better data insights for business decisions. The cloud-based system will facilitate faster claims processing and provide access to advanced insurtech solutions through the Guidewire Marketplace and PartnerConnect ecosystem.