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Guidewire sees total revenue increase 8% to $980.5m in latest results
9th September 2024
In their financial results for the fiscal year 2024 (FY24), Guidewire has posted $980.5 million in total revenue, an increase of 8% from the prior year. Guidewire also disclosed that it's subscription and support revenue sat at $549.1 million, for the period, representing an increase of 28%, while license revenue was ... Read the full article
Guidewire HazardHub provides risk data as wildfire season continues in the US
23rd August 2024
Guidewire, a provider of software solutions to the insurance industry, has announced the release of critical data and maps detailing wildfire risk in the United States, with this being available at the national, state, and local levels. Wildfire season typically runs from spring to fall, but varies by region, typically impacting ... Read the full article
RSA Insurance launches enhanced broker and customer claims portal with Guidewire Cloud
9th August 2024
UK insurer RSA Insurance has introduced its enhanced broker and customer claims portal, now powered by Guidewire, a global firm within insurance software, making RSA the first UK insurer to adopt the Guidewire cloud solution. With ClaimCenter on Guidewire Cloud, RSA benefits from a comprehensive claims management system integrated into a ... Read the full article
ICEYE nat cat data being integrated into Guidewire
20th June 2024
Guidewire, a provider of software solutions to the insurance industry, and ICEYE, of satellite-powered disaster management solutions provider, have launched ICEYE's new Ready for Guidewire validated accelerator on the Guidewire Marketplace, now accessible to ClaimCenter users on Guidewire Cloud. ICEYE, a recent graduate of the Insurtech Vanguards programme and winner of ... Read the full article
WTW and Guidewire collaborate to enhance underwriting and insurance pricing
7th June 2024
WTW, a global advisory, broking, and solutions company, has announced a new partnership with Guidewire, a provider of software solutions for the insurance industry. This collaboration will enable carriers to quickly integrate WTW and Guidewire’s cloud platforms, enhancing the sophistication and speed-to-market of pricing, rating, and underwriting. Will Murphy, Vice President, Global ... Read the full article
Guidewire appoints Shaji Sethu as SVP & MD of APAC
7th June 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has appointed Shaji Sethu as the Senior Vice President (SVP) and Managing Director of Guidewire Asia-Pacific (APAC). Sethu will report to John Mullen, President and Chief Revenue Officer. His remit will include leading the customer-facing Guidewire teams across APAC, including sales, ... Read the full article
Guidewire makes strategic investment in Indico Data
7th June 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has made a considerable investment towards a $19 million funding round for Indico Data, a firm which automates critical workflows for enterprises in document-intensives industries, including insurance and financial services. The company's latest funding round was led by .406 ventures, and ... Read the full article
Guidewire sees Q3 2024 total revenue increase 16% to $240.7m
5th June 2024
Guidewire has revealed that total revenue for Q3 of the fiscal year 2024 was $240.7 million, an increase of 16% from the same quarter in 2023. Guidewire also disclosed that its subscription and support revenue was $138 million in Q3 of 2024, an increase of 28% from the corresponding previous year ... Read the full article
UK customers’ view of insurance industry shifts with claims: Guidewire
15th May 2024
The latest edition of Guidewire's annual insurance customer attitudes study reveals a shifting view among UK customers toward the insurance industry, particularly when it comes to making claims. Titled ‘The Insurance Engagement Gap and its Impact on Perception and Innovation’, the report focuses on how factors such as the cost-of-living crisis, ... Read the full article
Guidewire’s Jasper will enhance P&C commercial lines agility
4th April 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-based platform tailored specifically to the needs of commercial lines, facilitating quicker policy issuance and processing. Moreover, Jasper enhances risk ... Read the full article
Guidewire to help Encova Insurance optimise business operations
13th March 2024
As part of its digital transformation journey, property and casualty insurer Encova Insurance has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business and simplify its IT operations. Encova, a Guidewire customer since 2014, aims to migrate its InsuranceSuite from a self-managed environment onto Guidewire Cloud simultaneously for all ... Read the full article
Guidewire reports increased net income and revenue in fiscal Q2’24
8th March 2024
Guidewire, a platform provider for property and casualty re/insurers, has reported a net income (GAAP) of $9.7 million for the second quarter of the fiscal year 2024, a notable turnaround from the net loss of $9.2 million for the same quarter in fiscal year 2023. This quarter's net income is also ... Read the full article
Guidewire supports California’s efforts to address insurance crisis and wildfire risk
25th September 2023
In response to California Governor Gavin Newsom's executive order and the California Department of Insurance Commissioner Ricardo Lara's proposal to address the state's insurance market challenges, Guidewire CEO Mike Rosenbaum issued a public statement expressing support and optimism for the measures. "California's insurance crisis calls for collaboration between government regulators and ... Read the full article
Guidewire appoints new Chief Product Officer
19th April 2023
Guidewire has announced the appointment of Michael Howe as their new Chief Product Officer. Howe will be reporting to the Chief Executive Officer Mike Rosenbaum. In his new role, Howe will lead product strategy, product management, product marketing and the Guidewire partner marketplace. His organization’s aim is to help grow Guidewire’s ... Read the full article
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