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Our Alliances: Guidewire Software

Combining business strategy and insurance industry insights with core systems transformation


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The Deloitte and Guidewire strategic alliance brings together Deloitte's deep experience in business transformation in the insurance industry with Guidewire's suite of applications for core systems transformation. Together we can help insurers realize the potential of their core systems by transforming business processes to take advantage of the flexible capabilities in Guidewire software.

Bringing a strategic perspective to core systems transformation
Property/Casualty insurers can gain far greater efficiencies when core systems such as policy administration, billing and claims management are implemented within the context of a larger business vision and strategy. Deloitte has a distinctive approach to core systems transformation that puts the focus on value realization. Our multi-disciplined capabilities and deep experience in the insurance industry allow us to understand both the business and technology issues that insurers are facing. We combine our knowledge and experience in these areas with Guidewire's leading applications to enable new approaches to business processes.

Insurance industry insights
Deloitte is a leader in the insurance industry1, bringing decades of experience in helping insurers transform their business processes and IT systems. We serve a majority of the largest companies in many insurance sectors and our cross-functional industry group draws on Deloitte Touche Tohmatsu Limited's global network of firms to provide a broad spectrum of services across assurance and advisory, enterprise risk, tax, actuarial, regulatory, and consulting. We have deep experience across all key areas of the insurance value chain and have invested in tools and accelerators that enable our project teams to efficiently deliver core systems transformation projects with repeatable high quality results for our clients.

Capturing the value of insurance data through analytics
As insurance companies transition to the more flexible core systems applications offered by Guidewire, many are shifting from product-centric operations to a customer-focused business model. To fully support this shift, insurers should consolidate their disparate data sources into a data warehouse that provides a 360 degree view of the customer and enables the use of analytics to drive better, faster business decisions.  We bring an extensive set of capabilities that involve reporting applications, portals, information delivery and basic as well as advanced analytics — all grounded in a deep understanding of the business issues that drive the insurance industry.

 

 

As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

 

1 Deloitte is ranked #1 for Insurance Consulting Services globally based on market share by Gartner. Source: Gartner, Competitive Landscape: Insurance Claims Transformation Services Target Customer Experience, Derry N. Finkeldey, August 8, 2013.

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