P&V Group has become the first Belgian insurance company to utilise the Guidewire Cloud Platform.
The cooperative insurer migrated Guidewire’s core applications to the Guidewire Cloud Platform to power its underwriting, billing and claims operations.
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Guidewire Cloud transforms the user’s core system through a scalable, secure and rapidly updateable cloud delivery model.
As part of the move, InsuranceSuite and Guidewire’s digital, data and analytics solutions have been moved from an on-premises environment to a cloud-based platform.
The migration is expected to streamline P&V Group’s IT operations and provide better service to policyholders.
The company has been utilising Guidewire solutions since 2014 and offers insurance products to individuals, businesses and institutions across various distribution channels and brands.
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By GlobalDataP&V Group IT strategy & governance director Rudi Serron said: “The professional collaboration between the P&V Group team and the Guidewire team has enabled a smooth transition to the cloud. The platform allows us to remain current thanks to regular updates of features and application capabilities. We are already enjoying the benefits of the migration, including an enhanced focus on innovation, with Open APIs and access to a wide-ranging marketplace of leading insurtechs.”
Guidewire said that more than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, depend on its products.
Guidewire senior vice-president and EMEA managing director Will McAllister said: “P&V Group is a great example of a European insurer which is dedicated to continuous innovation in the pursuit of enhancing customer experience. Guidewire Cloud Platform is the ideal platform to support this ambition, helping P&V Group to remove technical debt, improve operational efficiency, and grow profitably.”
The shift to the Guidewire Cloud Platform follows a similar transition by Beneva, a Canadian mutual insurance company, which moved its core insurance operations to the Guidewire Cloud.
