Admiral Selects Guidewire Solutions
March 18, 2014
By Anil Sharma
TMCnet Contributor
Admiral Group plc (Admiral), one of the largest car insurance providers in the United Kingdom, has selected Guidewire PolicyCenter as its new policy administration solution, and Guidewire BillingCenter to manage its billing operations.
Guidewire PolicyCenter is a flexible underwriting and policy administration system designed to empower personal and commercial lines carriers to deliver insurance the way they've always wanted to.
Designed solely for P/C insurers, PolicyCenter is a complete system-of-record and supports the core functions of the policy lifecycle—product definitions, underwriting, quoting, binding, endorsements, and renewals.
Guidewire BillingCenter is a flexible billing and receivables management system that handles direct, agency, and group/list billing for all lines of business. It provides easy access to the information P/C carriers need to deliver fast, accurate service to customers and agents.
BillingCenter automates the billing lifecycle, enables design of a wide variety of billing and payment plans, manages agent commissions, and integrates with any 3rd party system to help insurers get the most from their billing system.
Thanks to PolicyCenter and BillingCenter, Admiral will now be able to bring products to market quickly and efficiently.
“We were looking for policy and billing systems that would allow us to make product changes quickly and easily,” said Charlotte Bennett, head of IT, Admiral Group, in a statement.
Bennett said that the out-of-the-box functionality and flexible architecture provided by PolicyCenter and BillingCenter will enable the company to develop and change the company’s products faster.
“In addition, we were very impressed with how PolicyCenter and BillingCenter handled MultiCar insurance, the capabilities the systems provide for future innovation, as well as with the experience and dedication of the Guidewire team,” said Bennett.
“We are pleased that Admiral has selected PolicyCenter and BillingCenter to support their dedication to growth and continuous transformation,” said Keith Stonell, managing director, EMEA, Guidewire Software.
Guidewire Software, Inc. is a provider of software products to general insurers.
Stonell said that the company is excited to help Admiral extend its reputation in these areas and achieve its strategic objectives.
Edited by Cassandra Tucker
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