The Hartford announced it is investing in its property & casualty (P&C) insurance policy management systems to drive efficiency and better serve customers and agents.
“We are investing in technology as part of The Hartford’s strategy to profitably grow its businesses and become more efficient,” said Doug Elliot, president of The Hartford. “This investment will enhance crucial policy management processes and systems, helping our employees work better while making it easier for our partners to do business with us.”
The Hartford has selected Guidewire PolicyCenter ® as its new underwriting and policy administration platform, replacing multiple systems currently in place. The integrated platform positions The Hartford to increase operational efficiency through automation and improved data analytics and real-time reporting capabilities. It also aims to deliver a better service experience to customers and agents through streamlined front and back office processes such as new business submissions, quoting, renewals and billing. This investment complements Guidewire ClaimCenter ®, the P&C claims management system The Hartford licensed in 2012.
“We are very pleased that The Hartford had the confidence in Guidewire to extend their relationship with us,” said Steve Sherry, group vice president, Americas Sales, Guidewire Software (NYSE: GWRE). “We look forward to helping The Hartford deliver on their objectives as they transform their businesses.”About The Hartford With more than 200 years of expertise, The Hartford (NYSE: HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford. HIG-C Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2013 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.