Guidewire Strengths, Domain Expertise, and Key Differentiators
Guidewire serves a global community of more than 380 P&C insurers of all sizes and lines of business in 39 countries. Guidewire is differentiated from other vendors in many ways. 1.Guidewire is a software company 100% focused on service to P&C insurers. 2.Flexible, modern architecture: All Guidewire applications are web-based and were developed in Java for the J2EE standard. There is no legacy code or design in Guidewire applications. Guidewire applications are deliberately architected to support both Personal and Commercial Lines (including Workers' Compensation). 3.Track record: Guidewire has a track record of customer success that is unmatched in the P&C insurance core application space. 4. Quality standards: Guidewire organizes development according to a “test-first” philosophy ensuring the shipped product is of the highest quality. 5. Configuration vs Customization: Customers find the degree of configurability built into the software to be sufficient to meet their requirements without them needing to modify source code.
Guidewire Recent Developments
In the fiscal year 2019, Guidewire launched DevConnect, their new developer environment that makes it easier for their partners to build integrations to InsurancePlatform and easier for their customers to adopt Insurtech innovations through InsurancePlatform.
Guidewire Mergers and Acquisitions (M&A) Activities
In October 2017, Guidewire acquired Cyence, a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting “21st-century risks” that have gone underinsured or uninsured. As traditional actuarial approaches struggle to address the unique characteristics of emerging risks like cyber, Cyence’s next-generation approach will enable insurers to broaden the scope and value of the products their policyholders need. In February 2017, Guidewire acquired ISCS. With the acquisition of ISCS, Guidewire offers a cloud-based, all-in-one solution that supports the P&C insurance lifecycle, InsuranceNow. As an all-in-one system, InsuranceNow includes key core functionality for policy administration, billing, and claims management. It also includes data and digital functionality, such as agent access and consumer portals, document management, reinsurance, business intelligence, and producer management, within a single system. In August 2016, Guidewire announced the acquisition of FirstBest Systems, Inc. The addition of FirstBest’s technology and people enables the expansion of the Guidewire InsurancePlatform by providing insurers in the U.S and Canada writing complex commercial, specialty, and workers’ compensation lines greater support for their risk assessment and decision-making processes for P/C insurers. In March 2016, Guidewire acquired EagleEye Analytics, a provider of SaaS-based predictive analytics products specifically designed for Property/Casualty insurers. With the acquisition of EagleEye, Guidewire enables its customers to apply predictive analytics to make better decisions across the insurance lifecycle. Guidewire supports the complete predictive analytics process including data preparation, model building, operational deployment, performance monitoring, and analytic feedback.
Guidewire Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Guidewire applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Guidewire and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Guidewire InsuranceSuite, customers.
Ownership: - NYSE: GWRE
Number of Employees: 2558
Guidewire Key Enterprise and Cloud Applications
Guidewire Revenues, $M:
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|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Guidewire Revenue Breakdown By Type, $M:
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Guidewire Enterprise Applications Revenues By Functional Markets, $M:
Guidewire Enterprise Applications Revenues By Verticals, $M:
Guidewire Revenues By Region, $M
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Guidewire Direct vs Indirect sales
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Guidewire Customers - Breakdown by Geo, Size, Vertical and Product
No. of Guidewire Customers: 380
No. of Guidewire Enterprise Applications Customers: 380
No. of Guidewire Cloud Customers: x
No. of Guidewire Cloud Subscribers: x
As of July 2019, Guidewire has 380 customers using one or more of its products in 34 countries.Some of their customers are USAA Group, Gore Mutual, AEGIS, Church Mutual, EMC, Lincoln Financial, TigerRisk Partners, Bertie & Clinton, Topanmark, Vermont Mutual, Heartland Mutual, AAA Carolinas, AF Group, Alfa Insurance, Amerisafe, Anchor Insurance Holdings, Arrowhead General Insurance and others.
Guidewire Market Opportunities, M&A and Geo Expansions
Guidewire Software, Inc unveiled that Cognizant and PwC have achieved Guidewire PartnerConnect Consulting program specializations. Guidewire’s investment and customers in Japan, Western and Eastern Europe, Peru and South Africa are evidence of how they are also driving growth and gaining market acceptance with insurers outside of North America. Guidewire Live to create a network that connects its customers to one another with the use of curated external content and expert tools. The Cloud-based service can also be used by insurers to compare their operational performance against that of their peers. In September 2018, Guidewire hired industry veteran Paul Y. Mang to lead a new analytics and data services unit. With the creation of the ADS business unit and the recruitment of Paul to lead it, Guidewire is uniquely well equipped to harness new data sources at Internet scale and apply new analytic techniques to visualize and mine data for predictive insight. The goals of this new unit complement our long-standing mission to enable insurers to transform their operations through new digital experiences and the replacement of their legacy core systems.
Guidewire Risks and Challenges
Some of the risks related to Guidewire's business include: Seasonal fluctuation in revenue; increase in licensing models that feature ratable revenue recognition; increases in cloud-related development and services costs.
Guidewire Ecosystem, Partners, Resellers and SI
Guidewire has an established ecosystem of partners that provide a wide range of consulting services and complementary solutions to property and casualty insurers. Their worldwide partner community helps contribute to the success of their mutual customers in the property and casualty insurance industry by delivering Guidewire software implementations, value-add solution and technology offerings, and guidance on insurance industry best practices. Through the Guidewire PartnerConnect program, Guidewire has 8,000 partners that provide consulting services such as business transformation and strategy, implementation, and related delivery services.
Guidewire Cloud Infrastructure Insights
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- Guidewire Public Cloud and Infrastructure (IaaS)
- Guidewire Platform (PaaS)
- Guidewire Application Delivery
- Guidewire Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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