Guidewire Software Inc Stock Price, News & Analysis

Guidewire Software, Inc. (NYSE: GWRE) announced it will release its financial results for the fiscal quarter ending April 30, 2021, on June 2, 2021, after market close. A conference call to discuss the results will be held at 2:00 p.m. PT. Following the call, a recorded version of the webcast will be available on their website for three months. Guidewire positions itself as a leading platform for P&C insurers, emphasizing their commitment to growth and innovation with more than 400 insurers utilizing their services.

Guidewire Software (NYSE: GWRE) has announced that Deloitte has achieved the Guidewire Cloud specialization through its PartnerConnect Consulting Advantage alliance. This recognition highlights Deloitte's expertise in delivering Guidewire Cloud deployments, enhancing insurers' understanding of qualified advisors. Christina Colby, Guidewire's Chief Customer Officer, emphasized the collaboration's potential in transforming business processes for insurers. Deloitte's Managing Director Missy Goldberg noted that the Guidewire Cloud specialization supports continuous modernization efforts for clients.

Guidewire Software, Inc. (NYSE: GWRE) announced the release of its Cortina cloud platform at Connections Reimagined on May 11-12, with general availability set for May 14, 2021. Cortina introduces advanced features like an API-first Integration Framework, closed-loop analytics, and enhanced Application Services, enabling faster automation and innovation for P&C insurers. Notable offerings include the Guidewire Cloud Console for IT self-service, Claims Autopilot for automated claims handling, and the Data Studio for better data management. Guidewire continues to lead in core platforms as per Gartner's Magic Quadrant.

Guidewire Software (NYSE: GWRE) has elevated Fincons Group to a PartnerConnect Consulting Select partner, recognizing their significant contributions to the insurance industry. This program ranks partners based on various metrics, including expertise and certification. Fincons Group, a prominent consulting and system integration firm, has been crucial in Guidewire Cloud implementations since 2019. The partnership aims to enhance digital transformation for insurers, leveraging their technical skills and market knowledge for mutual customers.

Guidewire Software, Inc. (NYSE: GWRE) has launched its Usage-Based Insurance (UBI) Solution, enabling rapid deployment within 12 weeks. This solution supports the entire insurance lifecycle, including quoting and claims processes. According to Forrester Research, UBI policies are projected to grow by 50% in 2021, driven by consumer demand for price transparency. The UBI Solution is available exclusively on Guidewire Cloud and has been successfully implemented by CAA Insurance Company, resulting in a 300% year-over-year increase in new auto policy sales.

Guidewire Software, Inc. (NYSE: GWRE) has partnered with Citizens United Reciprocal Exchange (CURE) to implement InsuranceNow and Predictive Analytics, aimed at enhancing speed-to-market and promoting business growth. CURE will roll out InsuranceNow for its personal auto line in Michigan, followed by expansions in New Jersey and Pennsylvania. CURE's CIO highlighted the system's scalability and efficiency benefits for their IT staff, while predictive analytics integration will streamline operations. This partnership aims to improve auto insurance availability at fair rates based on driving records.

VRC Investigations and Guidewire Software, Inc. (NYSE: GWRE) have announced the availability of VRC's new Ready for Guidewire validated add-on for ClaimCenter users. This integration aims to enhance efficiency in managing claims investigations, as VRC provides a centralized system that offers investigative referrals and status updates directly within ClaimCenter. VRC’s commitment to combating insurance fraud, which constitutes around 10% of industry losses, is emphasized through this partnership, promising insurers greater security and streamlined operations in investigation management.

Guidewire Software (NYSE: GWRE) announced that Cognizant has achieved the Guidewire Cloud specialization, becoming a Global Premier partner. This recognition highlights Cognizant's expertise in delivering Guidewire Cloud deployments, providing insurers with assurance of partner capabilities. The specialization allows Cognizant to enhance its service offerings and supports clients in modernizing their insurance operations. Guidewire's scalable cloud service enables efficient engagement for insurers, helping them navigate industry changes.

Guidewire Software, Inc. (NYSE: GWRE) has partnered with Buckle, a financial services company, to enhance its insurance offerings. Buckle will utilize ClaimCenter for claims management and SmartCOMM™ for customer communication, aiming for improved service delivery. Since its launch in 2017, Buckle has aimed to provide tailored insurance for rideshare drivers, recently expanding its reach to Tennessee. This collaboration reflects Buckle's commitment to leveraging modern technology to meet evolving customer expectations in the insurance sector.