October 5, 2015
SSQauto deploys Guidewire solution for underwriting and policy management
SSQauto and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that SSQauto, a subsidiary of SSQ Financial Group, has successfully implemented Guidewire PolicyCenter® as its new underwriting and policy management solution.
SSQauto also implemented Rating Management and Client Data Management.
SSQauto, a $220 million direct written premium company, selected PolicyCenter to replace its previous policy administration system with one that could help the company minimize risk and grow with its business. The insurer successfully deployed PolicyCenter to its automotive line of business in 2013, followed by the homeowners line of business in January 2015.
“Our implementation of PolicyCenter has gone smoothly and user feedback has been positive,” said Eric Savard, Vice President, Software Development Business Solutions – Individual Products, SSQ Financial Group. “We attribute our successes to date to a combination of lessons learned from our ClaimCenter and BillingCenter implementations, a very strong and dedicated internal team, and Guidewire technology. This implementation is a significant step in our journey to simplify our products and processes onto a common set of platforms, giving us the speed-to-market, agility, and cost advantage necessary to enable our business strategy.”
PolicyCenter is enabling SSQauto to:
- Serve customers quickly and efficiently by leveraging automated underwriting rules and real-time functionality;
- Improve business agility by bringing new products and product enhancements to market more quickly;
- Reduce the training time of its staff.
“We congratulate SSQ on their successful PolicyCenter deployment,” said Mike Polelle, chief delivery officer, Guidewire Software. “We are proud to help them adapt and succeed in the rapidly-changing insurance industry marketplace.”
SSQauto has been providing auto, home, and business insurance to group members and individuals in Quebec for more than twenty-five years. With its very competitive rates, unmatched service, and state-of-the-art technology, SSQauto strives to redefine industry standards as it continues to develop and grow.
About SSQ Financial Group
With a business volume approaching $3 billion and nearly $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada.
The Group serves over 1 million clients and employs 2,000 employees. SSQ, Life Insurance Company Inc., the Group's principal company, is recognized for its leadership in the group insurance industry and excellence and expertise in the investment and retirement sector. SSQ Financial Group has also made its mark through sustained growth in the home and auto insurance (SSQ General Insurance Company Inc.) and individual insurance (SSQ Insurance Company Inc.) markets.
About Guidewire Software
Guidewire delivers the software that Property/Casualty (P/C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements – core processing, data and analytics, and digital engagement – into a technology platform that enhances insurers’ ability to engage and empower their customers and employees. More than 200 P/C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
Note: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.