Sompo International has rolled out a new platform for systems and data integration in the London Market, Guidewire PolicyCenter’s underwriting and policy management solution, the Global Commercial Accelerator.
Guideware Software – a provider of software products to general insurers – was selected by Sompo as part of its global effort to streamline its underwriting system and policy management processes on an integrated end-to-end platform.
The Global Commercial Accelerator has been specifically configured to service the London Market and will enable global re/insurers to use Guideware software across all platforms.
“Sompo International is the first insurer in the London Market to roll out Guidewire PolicyCenter for this use,” said Alfred Goxhaj, chief information officer, Sompo International.
“Our plan is to deploy Guidewire software with the Global Commercial Accelerator across all our classes of business in London on a phased basis. We have begun with our Property policies attaching this month and feedback from our underwriters on the new system has been positive.
“The common platform will enable us to deliver more timely and accurate policy documents to our clients and more readily scale for growth as we incorporate additional products.”
The common platform PolicyCenter provides will enable Sompo to fully integrate its financial reporting and document management systems, making workflow more efficient with just one system for all types of data entry through to policy issuance.
Sheridon Glenn, vice president, Field Consulting, EMEA, Guidewire congratulated Sompo International on their successful PolicyCenter deployment; “this complex foundational deployment will support easier and faster implementation of additional classes of business in the London Market. We look forward to our continued work together.”