Montana State Fund, a non-profit workers’ compensation insurance company, has chosen Guidewire InsuranceSuite on Guidewire Cloud.
This move aims to enhance the company’s core business functions, streamline IT operations and respond swiftly to changing market dynamics.
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The company, a Guidewire customer since 2006, will initiate the migration from an on-premises setup to Guidewire Cloud, beginning with Guidewire ClaimCenter.
As part of this technological overhaul, Montana State Fund will deploy Guidewire Predict, enabling it to segment risks based on their impact on the loss ratio.
Additionally, the company is planning to adopt the Guidewire Jutro Digital Platform, designed to craft tailored experiences for various users and distribution channels.
Montana State Fund chief information officer Matt Coy said: “By leveraging InsuranceSuite on Guidewire Cloud, we will be able to shift system maintenance to Guidewire and stay current on the latest innovations while decreasing our reliance on third-party on-premise technology infrastructure. This will enable our IT staff to focus on tasks that deliver value to our policyholders, injured workers and agency partners.”
“We will also be able to integrate the third-party, best-in-class insurtechs that comprise the Guidewire Marketplace and PartnerConnect ecosystem to enhance our service offerings,” Coy added.
Guidewire chief commercial officer David Laker said: “We look forward to facilitating a smooth migration project and helping the company continue to provide financial protection for its policyholders and prompt payment of benefits to injured workers.”
Last month, US-based Amerisure Insurance deployed Guidewire PolicyCenter and BillingCenter on Guidewire Cloud to improve its policy administration, underwriting and billing management capabilities.
