Golden Bear Insurance opts for Guidewire

Golden Bear Insurance Company, a provider of commercial property and casualty, professional liability and residential insurance, has selected Guidewire to modernise its claims IT operations.

Golden Bear opted to Guidewire ClaimCenter on Guidewire Cloud to power claims management, simplify IT operations, adapt more quickly to changing market demands, and deliver more value to policyholders. The company plans to implement ClaimCenter on Guidewire Cloud simultaneously across all lines of business.

By selecting ClaimCenter on Guidewire Cloud, Golden Bear said it will also have access to Explore, Canvas, Compare, and Predict to monitor and benchmark business performance, manage catastrophes seamlessly, and better predict claims outcomes.

Moreover, the company said it will also be able to leverage CustomerEngage, ProducerEngage, and VendorEngage. This will allow it to offer a smooth omnichannel digital experiences to its policyholders, agents, and vendors.

Stacey Jackson, general counsel at Golden Bear, said, “We selected Guidewire for its market leadership, product maturity, and track record of successful implementation projects. None of the other P&C industry cloud providers we looked at measured up to Guidewire.

“Subscribing to ClaimCenter on Guidewire Cloud fits with our overall business and IT strategy since our other custom-built systems for underwriting and accounting are also cloud-based.”

Earlier this year, AI-powered fraud, risk and compliance solution developer FRISS launched its services on the Guidewire PartnerConnect, following a partnership between the pair.

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