"We were looking for a vendor that could provide all the systems we needed. After an intensive evaluation process, we selected Guidewire because we wanted a fully integrated and configurable suite of products to improve operational effectiveness, efficiency, and customer service," Harris continued. "Guidewire's product maturity and market share, as well as their responsiveness and industry knowledge, were important factors in our decision-making process. We were also impressed by the out-of-the-box functionality of the Guidewire products and are planning to implement as much of that functionality as possible."Guidewire's portfolio of products and PwC's InsuranceCloud solution offering will enable HEMIC to:
- Enhance operational efficiency and productivity throughout the organization by standardizing policy administration, billing management and claims handling processes on a cohesive technology platform;
- Provide deeper insight due to better data and analytics;
- Increase customer satisfaction and lower overall expense ratio by offering lower cost self-service options to policyholders and agents; and
- Reduce time to value and increase business agility by leveraging cloud technology to minimize custom development and to implement multi-phased approaches to bring new products and product enhancements to market more quickly.
About Hawaii Employers' Mutual Insurance Company (HEMIC)HEMIC is the State of Hawaii's leading workers' compensation insurance company, caring for more than 6,000 businesses and 75,000 workers across the Hawaiian Islands. Rated "A" for financial strength by A.M. Best, HEMIC is a mutual insurance company and has returned more than $28 million dollars in dividends to its policyholders over the past ten years. An expert in safety, HEMIC helps employers prevent workplace injuries as well as care for injured workers. To learn more about HEMIC, please visit www.Hemic.com. About PwC US At PwC, our purpose is to build trust in society and solve important problems. PwC is a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us www.pwc.com/US. About Guidewire Software Guidewire delivers the software that Property/Casualty (P/C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements - core operations, data and analytics, and digital engagement - into a technology platform that enhances insurers' ability to engage and empower their customers and employees. 260 P/C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC. NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.