Guidewire Recognized as a Leader in the Inaugural 2024 Gartner® Magic Quadrant™ for SaaS P&C Core Platforms, North America for Guidewire InsuranceSuite
October 17 2024 - 4:55PM
Business Wire
Guidewire (InsuranceSuite) placed highest for
its ability to execute and furthest on completeness of vision;
Guidewire (InsuranceNow) is identified as a Challenger
Guidewire (NYSE: GWRE) today announced that Guidewire
(InsuranceSuite) has been recognized as a Leader in the 2024
Gartner Magic Quadrant for SaaS P&C Core Platforms, North
America. Guidewire (InsuranceSuite) was positioned highest on the
ability to execute and furthest on completeness of vision axes.
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Magic Quadrant for SaaS P&C Core
Platforms, North America (Graphic: Gartner)
This is the first year that Gartner has produced a Magic
Quadrant for SaaS P&C Insurance Core Platforms for North
America. The Gartner report evaluated Guidewire among 14 vendors in
the property and casualty (P&C) insurance space. Read the full
report.
“The SaaS adoption trend is strongest for P&C core platforms
in North America. Vendors in this market have breached the SaaS
inflection point, with 65% of all production deployments now on
vendors’ cloud offerings showing increased maturity in the market,”
Gartner wrote.
Insurers require transformative, business-critical systems to
help them meet rapidly evolving market challenges. Gartner wrote,
“Buyers need to select platforms to meet current needs, as well as
ensure that the vendor and the platform offer the necessary
viability and agility to meet the future needs of the enterprise,
such as intelligent core applications.”
“We are honored that Guidewire (InsuranceSuite) has been
recognized by Gartner as a Leader in the Magic Quadrant for SaaS
P&C Core Insurance Platforms,” said Brian Desmond, Chief
Marketing Officer at Guidewire. “We believe this recognition
underscores our unwavering commitment to engineering excellence and
customer success, and highlights the critical role cloud innovation
plays in delivering the speed, flexibility, and scalability
insurers need to drive growth and competitiveness.”
Guidewire’s recent momentum with InsuranceSuite includes the
delivery of:
- Advanced Product Designer, a business-friendly Guidewire
PolicyCenter tool enabling insurers to launch and update products
quickly.
- Guidewire Data Platform, the industry’s most complete P&C
insurance-focused data platform providing data access, curation,
and insights customers need to grow efficiently.
- Jutro Digital Platform, the first digital experience platform
for P&C insurers enabling them to create unique experiences for
any user, line of business, and distribution channel.
- Autopilot Workflow Service, a cloud service to orchestrate
process automation to increase efficiency and improve customer,
broker, and adjuster experiences.
- Analytics Manager, a cloud service enabling insurers to embed
insights from analytics models into insurance workflows using
codeless configuration.
More than 130 Guidewire (InsuranceSuite) customers have selected
Guidewire Cloud.
Guidewire (InsuranceNow) has been recognized as a Challenger in
the Gartner Magic Quadrant for SaaS P&C Core Platforms, North
America.
As an insurance core platform, InsuranceNow is purpose-built for
regional and super-regional P&C insurers and managing general
agents in the U.S. As an all-in-one core platform, it enables
insurers to quickly launch products and deliver value to producers,
brokers and customers. Guidewire’s recent momentum with
InsuranceNow includes:
- InsuranceNow on Guidewire Cloud Platform enables customers to
benefit from advanced features, self-service capabilities, and
security.
- InsuranceNow GO provides prepackaged implementations for
dwelling, personal umbrella, farmowners, and a commercial package
policy product.
- HazardHub is a comprehensive set of property risk data,
casualty risk data, and hazard risk data scoring, enabling insurers
to underwrite faster and with more accuracy.
- Predict embeds insights into underwriting and claims processes
with predictive analytics.
More than 44 Guidewire (InsuranceNow) customers have selected
Guidewire Cloud.
For more information about Guidewire, InsuranceSuite, and
InsuranceNow, visit guidewire.com and read our blog on the Gartner
report.
Gartner Magic Quadrant for SaaS P&C Core Platforms, North
America, Sham Gill, James Ingham, 14 October 2024
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, and
MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or
its affiliates and are used herein with permission. All rights
reserved.
This graphic was published by Gartner, Inc. as part of a larger
research document and should be evaluated in the context of the
entire document. The Gartner document is available upon request
from Guidewire.
Disclaimer
Gartner does not endorse any vendor, product or service depicted
in our research publications, and does not advise technology users
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About Guidewire
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. More than 570 insurers in 42
countries, from new ventures to the largest and most complex in the
world, rely on Guidewire products. With core systems leveraging
data and analytics, digital, and artificial intelligence, Guidewire
defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation record, with
1,700+ successful projects supported by the industry’s largest
R&D team and SI partner ecosystem. Our marketplace represents
the largest solution partner community in P&C, where customers
can access hundreds of applications to accelerate integration,
localization, and innovation.
For more information, please visit www.guidewire.com and follow
us on X (formerly known as Twitter) and LinkedIn.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices
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version on businesswire.com: https://www.businesswire.com/news/home/20241017543055/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
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