|[April 03, 2014]
AXA TianPing Selects Guidewire System for Claims Management
BEIJING & FOSTER CITY, Calif. --(Business Wire)--
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to general (Property/Casualty) insurers, today announced that AXA
TianPing has selected Guidewire ClaimCenter® as its new claims
In order to differentiate itself in a changing insurance market
landscape in China, AXA TianPing sought a new claims system that would
help it streamline and improve processes and system infrastructure,
increase operational efficiencies, reduce risks and leakage, and provide
better customer service.
"We selected Guidewire to help transform our claims operations for a
number of reasons. We were impressed with its diverse geographical
footprint of customers and its track record of successful
first-in-country implementations," said Mr. Hu Wu, chairman, AXA
TianPing. "The recent international investment in AXA TianPing combined
with Guidewire's global expertise will help us become a leading
innovator in the Chinese insurance market."
ClaimCenter will enable TianPing to:
Automate its claims handling processes to reduce claims cycle times
and ensure proactive, efficient customer service;
Increase its operational efficiencies and agility to better support
the needs of its claims business; and
Improve the visibility into its claims handling operations to decrease
fraud and leakage.
"AXA TianPing has exciting ambitions for its business, and we are
honored that the company has selectedClaimCenter to help it with its
business transformation initiative," said Ian Tavener, vice president,
Asia Pacific, Guidewire Software. "It is thrilling for us to have our
first customer in China - a growing and dynamic market with many unique
challenges. We are looking forward to working with AXA TianPing on this
project and helping the company to meet the challenges an evolving
Guidewire ClaimCenter® is a leading end-to-end claims management system,
built from the ground up to meet the specific needs of today's general
(Property/Casualty) insurers. ClaimCenter's flexible business rules
enable claims organizations to define, enforce, and continually refine
their preferred claim handling practices in order to optimize and
monitor their claim processes. ClaimCenter is in use by insurers of all
sizes across all product lines to improve speed and accuracy, reduce
loss adjustment expense, and enable proactive management of claims.
ClaimCenter is available as a standalone system or as part of the
Guidewire InsuranceSuite™, and can be integrated to an insurer's legacy
systems or third party applications.
About AXA Asia
AXA Asia is a market leading insurance player offering a differentiated
composite proposition in Life and General Insurance with operational
presence in Hong Kong, Singapore, Indonesia, China, India, Malaysia, the
Philippines, and Thailand. AXA Asia is part of the AXA Group,
headquartered in Paris and a worldwide leader in insurance and asset
management with a presence in 57 countries. AXA Asia is committed to
creating a sustainable, long-term business for our employees, customers
About Guidewire Software
Guidewire builds software products that help general (Property/Casualty)
insurers replace their legacy core systems and transform their business.
Designed to be flexible and scalable, Guidewire products enable insurers
to deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 150 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
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