Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Guidewire InsuranceNow™ has been named to the Challengers quadrant in Gartner, Inc.’s “Magic Quadrant for P&C Core Insurance Platforms, North America1” for the third consecutive year.
InsuranceNow is designed for U.S. P&C insurers writing low complexity business, who may be constrained with limited IT resources and need a streamlined ready-to-go, cloud-based core solution that supports the P&C insurance lifecycle. The report can be viewed here.
“Gartner continues to see strong adoption by buyers of cloud-based deployment models. Among the new customer wins for platform solutions in 2017, 70% were for cloud-based deployments. This percentage grew in 2018 to 75%,” wrote Sham Gill, senior director, analyst, Global Financial Services Industry Research and Advisory, Gartner and author of the report. “Although these percentages alone do not present a full picture, they are a clear indicator of a dramatic shift in buyer preferences in this market in favor of cloud deployment over just the past two to three years.”
“We applaud Gartner’s recognition of InsuranceNow, which we believe validates our continued focus on this segment of the insurance market,” said Mike Rosenbaum, CEO, Guidewire. “InsuranceNow is focused on the specific needs of P&C insurers writing low complexity business who need a complete core solution now.”
The report evaluated 12 vendor solutions in the P&C core platform market in North America that qualified for inclusion. Guidewire was also recognized as a Leader for InsuranceSuite based on its ability to execute and completeness of vision.
1Gartner Magic Quadrant for P&C Core Insurance Platforms, North America, Sham Gill and James Ingham, September 10, 2019
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Guidewire Software
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 34 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.
NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.