Canadian property/casualty underwriter Promutuel Insurance has selected Guidewire PolicyCenter as its new underwriting and policy administration, to enhance operational efficiency.
PolicyCenter, which will be used for Promutuel Insurance’s commercial and farm lines of business, will enable the company to concentrate on updating its underwriting and policy administration platform.
The P/C insurer said that it was looking for a system, which can automate its several business processes, eliminating clerical tasks and synchronize its underwriting and policy administration efforts across its network of 26 mutual insurance associations.
Promutuel Insurance business project director Benoit Duchesne said, "The process of selecting PolicyCenter was quick and easy for us due to the success of our ClaimCenter deployment project and our relationship with Guidewire."
PolicyCenter will offer improved operational efficiency through automation across underwriting and policy administration processes; and enable the firm to gain more precise control, consistency, and responsiveness over rating and pricing through all phases of the product lifecycle.
Moreover, the company can use built-in best practices in business processes and services to standardize across its mutual companies; and offer more efficient, accurate customer service and identify better opportunities for cross- and up-selling.
PartnerConnect affiliate member, V-NEO, has been selected to lead the implementation project, with Guidewire working in close collaboration.
Additionally, the insurer has also chosen Guidewire Rating and Guidewire Reinsurance Management.