SBI Insurance Becomes the First Japanese Company to Select Guidewire InsuranceSuite

SBI insurance is deploying a new kernel, a set of supporting a wide range of general processes, business insurance and extend its range of servicesGuidewire Software Inc. (NYSE: GWRE), a provider of core system software for property / victims (general) insurers, today announced that SBI insurance carried guidewire InsuranceSuite ™ as its new major systems that support the development of new, high quality services. This is the first implementation of the guidewire InsuranceSuite Japanese property / Casualty Insurance Company.SBI Insurance Company has launched a project to implement a new core systems to support its new offer insurance services in order to expand their businesses and increase their competitiveness. New systems must cover not only the complete range of functions that are necessary to conduct general insurance business, but also need to have the kind of system architecture that would allow a high degree of flexibility and scalability, according to information SBI insurance policy in the system of "compact systems" and "compact operations." After careful comparison and evaluation of several systems available, SBI Insurance selected guidewire InsuranceSuite systems for evaluation and underwriting, policy administration, billing and receivables management.SBI insurance director Kazunosuke Fujioka explained, "SBI maintains insurance services to the customer-oriented as his vision, because the company was founded. We tried to provide our customers with high quality services that take advantage of Web services based on the lowest insurance rates in the industry. Guidewire Software product vision is very close to our own. guidewire ® software provides a highly sophisticated solutions and consulting services with the assumption that ultimately control the system themselves. As a result, we will be able to implement a system that meets our requirements in terms of excellent quality, agility and cost effectiveness. "Guidewire InsuranceSuite to SBI insurance:

    InsuranceSuite leverage is highly flexible and scalable system architecture;
    Take in the field, a specialized solution that features increased functionality and excellent economy and
    Ensure agility by having the ability to make changes and upgrades in the house.

"We are very pleased that SBI became the first insurance company to implement the guidewire InsuranceSuite in Japan. I believe it derives from our ability to provide next-generation core system that addresses the insurance SBI wishes to deliver the best services to its customers through active implementation of advanced system, "said Ian Tavener, vice president for Asia-Pacific regional headquarters, the guidewire software. "We are happy to help SBI insurance to achieve further growth through the implementation of an advanced system with high quality and cost effectiveness, the implementation of the guidewire InsuranceSuite."SBI Insurance Company launched its new project to build a system, the focus of system operation in the first half of fiscal 2012.Guidewire InsuranceSuite ™ provides a flexible basic systems needed for mission-critical operations property / Casualty insurance companies compete in today's market: underwriting and policy administration, claims management and billing. The apartment has been designed modular approach that allows insurers to select individual applications - guidewire PolicyCenter ®, ClaimCenter ® guidewire and guidewire BillingCenter ® - or a pre-integrated set, driven by their requirements and priorities. Suite provides the flexibility insurers need to provide insurance as they want by rapidly delivering better products and services to its policyholders and agents, while improving underwriting discipline and reducing operating costs. Employees of insurers (including underwriters, customer service representatives and insurance, supervisors and managers) acquire an intuitive, productive role-specific user interface. Insurer IT organizations the flexibility to address changing business requirements through appropriate tools to increase operational configuration and data storage, user interface, workflow and business logic across their underwriting and policy administration, claims management and billing systems.

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