PriyaPatel
TLDR:
- Pekin Insurance has implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business.
- The partnership aims to simplify IT operations, adapt quickly to market demands, and deliver value to agents and policyholders.
Key Elements of the Article:
Pekin Insurance, a multi-state property and casualty insurer based in Illinois, has migrated its InsuranceSuite to Guidewire Cloud to optimize costs and enhance platform support. The company hopes to benefit from regular updates and innovations provided by Guidewire Cloud while improving the overall user experience for agents and policyholders.
The decision to move to Guidewire Cloud was motivated by the desire to increase platform agility, leverage data and analytics products, and integrate with InsurTech solutions available through the Guidewire Marketplace and PartnerConnect ecosystem. By migrating to the cloud, Pekin Insurance aims to streamline operations and enhance its loss ratio through better risk segmentation.
The move to Guidewire Cloud is seen as a transformational step for Pekin Insurance, which has a long history of offering financial protection to businesses and individuals. The company’s leadership sees this migration as a way to support its mission of providing peace of mind to agents and policyholders while delivering innovation and excellence in its services.
Overall, the partnership with Guidewire and the migration to the cloud are part of Pekin Insurance’s strategy to stay competitive in a rapidly changing market, drive operational efficiency, and enhance customer experiences.
