Columbia Insurance and Guidewire have partnered, with Columbia selecting Guidewire Insurance Suite as their next-generation platform to serve their customers.
According to Insurance Innovation Reporter, the primary aim of this partnership is to modernize Columbia’s technological infrastructure to meet evolving market demands. This strategic move is expected to enhance operational efficiency and customer service across Columbia’s business spectrum.
Columbia Insurance Group excels in offering robust insurance solutions designed specifically for the unique needs of small and medium businesses. Their services are comprehensive, extending across various states and adapting to the diverse requirements of each locale.
Guidewire is renowned for its advanced insurance software solutions, focusing on innovation, research, and development to support insurance companies in becoming more efficient and competitive.
The collaboration will see Columbia implementing Guidewire’s InsuranceSuite on the Guidewire Cloud. This transition will apply to all business lines in every state where Columbia operates. PwC, a Guidewire PartnerConnect Consulting Global Premier member, will support the implementation, bringing top-tier expertise and assistance to the project.
In addition to adopting the InsuranceSuite, Columbia will integrate various other Guidewire solutions like Guidewire Canvas, Guidewire Compare, and Guidewire Predict into their operations. These tools are designed to infuse actionable insights directly into their policy and claims workflows, further enhancing their service offerings. The company has also chosen SmartCOMM from Smart Communications for improved customer communications management.
“Columbia Insurance Group VP, CIO Lisa Wharton said, “We selected Guidewire because we needed to modernize our technology platform to meet our long-term business strategy needs.” “Guidewire is the leading insurance software provider in the world. It is ahead of others in functionality, focus on research and development, and support, just to name a few,” Wharton elaborated.
“In today’s dynamic and ever-changing business environment, cloud transformation has become an essential requirement rather than a luxury,” comments Imran Ilyas, Practice Leader, PwC. David Laker, Chief Sales Officer, Guidewire, comments, “We are pleased Columbia has chosen Guidewire to serve as the technology foundation to continue its mission of building enduring relationships with its customers by providing exceptional service and value.” Wharton adds, “It offers a new, innovative approach enabling smaller insurers to implement emerging technologies in a more economical and expedient fashion.”
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