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Guidewire Software releases InsuranceSuite 7 for P&C insurers

Guidewire Software, a provider of software solutions to property & casualty (P&C) insurers, has released Guidewire InsuranceSuite 7, the latest core system suite for P&C insurers.

Guidewire said in addition to enhanced versions of ClaimCenter, BillingCenter and PolicyCenter, InsuranceSuite 7 includes three new modules that increase its breadth of core process support: client data management, rating management, and reinsurance management.

Increasing the depth of functionality available to insurers, InsuranceSuite 7, enables improved quality of service to customers, increases business agility, and enhances an insurer’s ability to better respond to catastrophes.

Guidewire vice president of strategy Neil Betteridge said with InsuranceSuite 7 the firm extended both the breadth and depth of core system functionality available to P&C insurers, demonstrating the ongoing commitment to R&D investment to address the industry’s evolving needs.

"The suite also provides insurers the benefits associated with having pre-integrated systems built on a shared platform that are functionally rich applications in their own right," Betteridge said.