Guidewire Software

Rank#1801

Market Cap11.83B

CountryUnited States

Summary

Guidewire Software, Inc. provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. In addition, the company offers Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes; and Further, it provides Guidewire Underwriting Management, a cloud-based integrated business application; Guidewire AppReader, a submission intake management solution; Guidewire ClaimCenter Package for the London market supports the claims workflow used by London Market insurers and brokers; Guidewire Digital Engagement Applications, which enable insurers to provide digital experiences to customers, agents, vendors, and field personnel through their device of choice; and Guidewire for Salesforce to provide customer information regarding policies and claims. Additionally, the company offers Guidewire Predict, a P&C-specific machine-learning platform; Guidewire HazardHub, that allows insurers to understand, assess, price, and manage property risk; Guidewire Canvas, Guidewire Compare, and Guidewire Explore cloud-native applications; Guidewire Cyence, a cyber-risk economic modeling product; The company was incorporated in 2001 and is headquartered in San Mateo, California.

History

The company was established in 2001 and founded by: Ken Branson, James Kwak, John Raguin, and Marcus Ryu from Ariba ; and John Seybold and Mark Shaw from Kana Software. In September 2011, Guidewire filed with the SEC to raise up to $100 million in an initial public offering and first publicly traded on the NYSE in January 2012. Guidewire was later cited as being one of the top IPOs of 2012, even #1.In 2011, Guidewire settled a patent related lawsuit with Accenture regarding their claims management software.In 2013, Guidewire acquired Millbrook, Inc., a business intelligence company. In 2016, Guidewire acquired ISCS , FirstBest and EagleEye Analytics. In 2017, Guidewire acquired Cyence, a cyber insurance company.On August 5, 2019, Guidewire appointed Mike Rosenbaum as CEO.

Mission

Guidewire’s mission is to be the platform insurers trust to engage, innovate, and grow efficiently.

Vision

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 450 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

References

https://en.wikipedia.org/wiki/Guidewire_Software

https://in.investing.com/equities/guidewire-software-inc

https://finance.yahoo.com/quote/GWRE/profile?p=GWRE

https://www.comparably.com/companies/guidewire-software/mission

https://www.crunchbase.com/organization/guidewire-software

https://sec.report/CIK/0001528396

https://companiesmarketcap.com/

https://www.guidewire.com

Leadership team

Mr. Marcus S. Ryu (Co-Founder & Chairman)

Mr. Michael George Rosenbaum (CEO & Director)