21 August 2017News

Sompo International selects Guidewire for London market underwriting

Guidewire Software, which provides software products to general insurers, and Bermuda-based Sompo International have announced that the latter is deploying Guidewire PolicyCenter as its underwriting and policy management solution in the London Market.

Sompo International said that it had selected PolicyCenter as part of a global programme to streamline its underwriting system and policy management processes on an integrated end-to-end platform. Guidewire’s Global Commercial Accelerator has been configured, in this context, specifically for the London Market. It facilitates global carriers in employing Guidewire software across all their 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.”