California-based Insurtech Guidewire has been ranked number 23 out of 500 companies on the Forbes “America’s Best Mid-Size Employers 2023” list.
The insurtech, which ranked first in the “IT, Internet, Software & Services” category, is a leading provider of cloud-based software products and following its launched in 2001, has offered a range of products that enable insurers to manage their core operations, such as underwriting, policy administration, billing, and claims management.
The company’s products are used by insurers of all sizes, from small regional insurers to large global carriers.
One of Guidewire’s notable products is its InsurancePlatform, which includes three core systems: PolicyCenter, BillingCenter, and ClaimCenter. PolicyCenter manages the entire policy lifecycle, from quoting and binding to renewals and endorsements. BillingCenter manages the billing process, including invoicing, payments, and collections. ClaimCenter manages the claims process, from first notice of loss to settlement.
Guidewire has expanded its digital solutions
In recent years, Guidewire has expanded its offerings to include digital solutions for insurers, such as Guidewire Digital and Guidewire Marketplace. Guidewire Digital enables insurers to offer digital experiences to their customers, such as online self-service portals and mobile apps. Guidewire Marketplace is an online platform that allows insurers to access third-party solutions that integrate with Guidewire’s core systems.
The insurtech has also invested in insurtech startups through its Guidewire Ventures arm, which provides funding and mentorship to startups that are developing innovative solutions for the insurance industry. Guidewire has invested in startups in a range of areas, from AI and machine learning to customer experience and distribution.
Overall, Guidewire has established itself as a leading provider of software solutions for the insurance industry, and its products and services are used by insurers around the world to manage their operations and improve their customer experiences.
Speaking about the Forbes ranking, Sinéad Condon, chief people officer at Guidewire said: “We are honored to be included on this year’s Forbes America’s Best Mid-Size Employers list.”
She added: “Since our founding, Guidewire has focused on fostering a strong culture based on three values: integrity, rationality, and collegiality. Without our dedicated employees living these values and serving our customers with them, Guidewire would not be what it is today.”
