guidewire testing - test automation for higher roi


Guidewire Testing: Can Test Automation Help Realize Higher ROI for Insurance Industry?

On the latest release of 2016.2 Guidewire Insurance Platform™, Wade Bontrager, Vice President, Business Owner, Predictive Analytics, Guidewire Software said, “This release delivers on our goal of continually adding new sources of value for our customers, particularly in the fast-paced Data and Digital engagement areas, enabling our customers to mine and deploy far more insight from the explosion of data available to the industry today”.

This estimates how Digital Transformation and Digital Engagement is making an impact across every industry and sector. Specially, the Insurance sector is facing some inherent challenges today, namely, more competition, changing consumer preferences, compliance with Federal regulations and growing digital confluence.

Guidewire Software Inc., popularly known as Guidewire is a provider of software products to Property and Casualty (P/C) insurers. A software published based in Foster City, California, Guidewire offers core back-end software for property and casualty insurance carriers in the US and worldwide.

The Guidewire Insurance Suite™ offers a comprehensive bunch of applications that support various insurance operations, namely, underwriting, policy administration, billing, and claims management. The Insurance Suite applications comprise a set of shared platform modules that include the property and casualty insurance lifecycle and particularly change the legacy systems developed and installed internally by the carrier.

Insurance carriers across the world implement Guidewire for some recognizable benefits. Some of the known names in the sector are Canadian Automobile Association Insurance Company (Ontario), Hartford Steam Boiler, Insurance Corporation of British Columbia, Kentucky Farm Bureau Mutual Insurance Company, The Cincinnati Insurance Companies, and United Automobile Insurance Company (UAIC).



Guidewire’s three aspects, namely, operations, data and analytics, and digital engagement have enabled over 200 Property and Casualty carriers to enhance operational efficiency, speed-to-market and customer experience.

Guidewire Suite offers a tested solution that focuses on optimizing insurance operations that have been developed with insights from an active global customer community. The overall objective is to further empower employees, agents, and customers to help adapt to the changing market dynamics.

Guidewire has been built with some clear objectives –

1. Enable Business Agility2. Empower customers and improve retention3. Improve Operational Performance, Responsiveness, and Decision-Making4. Innovate with Digital Channels5. Build globally-accessible business model



Additionally, there are some clear factors considered while designing and developing Guidewire products

• Flexibility, is an important factor considered while developing the software suite. Moreover, it has to be agile enough to adapt the market changes. Particularly, the flexibility has to come by region, by business, and by functional area.• User Experience, is at the core of every development and has to ensure holistic experience. The focus is to design specifically to ensure the kind of experience that users expect, than to take the mundane route.• Performance and Reliability, are key factors considering while developing. The platform is built on a modern architecture to cater to the property and casualty insurance industry specifications.

While the benefits are overwhelming, the challenges of implementing Guidewire are inducing too. Choosing a platform will be just the first step. What do you do next?• Deployment option

o Implementing the entire suite of Guidewire systems is the fastest way to comprehend the all-out benefits, however, risks can be reduced by rolling it out by business line/any other parameters.

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guidewire testing - test automation for higher roi

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