Seguros SURA Colombia, the largest insurer in Colombia, has revealed that it is in the process of rolling out Guidewire Software’s InsuranceSuite solutions across all of its lines of business.
SURA said that it plans to use Guidewire’s InsuranceSuite, Client Data Management, Rating Management, and Reinsurance Management solutions for underwriting, policy administration, claims, client data, rating, reinsurance, and billing management.
The company first deployed these solutions for its personal auto line of business, and is currently implementing them across its other 15 lines.
“InsuranceSuite provides us with the ability to manage our core operations on a single, natively-connected platform,” said Valentina Sierra Toro, Director at SURA.
“With InsuranceSuite, we are able to simplify the underwriting process by automating manual processes, thereby increasing operational efficiency, employee productivity, and collaboration,” Sierra Toro continued. “Feedback from users has been positive and they are satisfied with the new solutions.”
David Andres Cardona Londoño, Director, Core Project Architecture at SURA, also commented: “We had an aging core system, so InsuranceSuite is helping us modernize and transform the way we do business by standardizing using best practices.”
“InsuranceSuite enables us to improve time-to-market by increasing our responsiveness to changing business and technical requirements by bringing new products and product enhancements to market more quickly. We are now able to better handle large group policy transactions that carry a lot of risk, as well as different currencies for multichannel and international products.”
“We congratulate SURA on its successful InsuranceSuite deployment,” added Mike Polelle, Chief Delivery Officer at Guidewire Software. “We are pleased that the products are providing SURA with the foundation to meet the needs of its policyholders and offer them peace of mind.”
