Frankenmuth Insurance Transitions to Guidewire Cloud for Core Systems
Frankenmuth Insurance, a prominent property and casualty insurer, has announced its selection of Guidewire InsuranceSuite on Guidewire Cloud to enhance its core systems and simplify IT operations. This transition, which is set to cover all lines of business and operational states, marks a significant upgrade from their previous on-premises environment. With a partnership dating back to 2014, Frankenmuth aims to leverage the benefits of cloud technology for improved flexibility and scalability in their operations. This update will enable them to focus on delivering innovative solutions and superior service to their policyholders and agents.
The initiative is supported by PwC, selected to lead the migration project, showcasing the growing trend of insurers adopting cloud technology to adhere to modern demands for agility. Frankenmuth plans to utilize Guidewire’s Advanced Product Designer and Digital Platform to develop new capabilities rapidly while integrating leading insurtech solutions to enhance their service offerings. The partnership reflects a shift towards embracing advanced analytics and data-driven processes for better operational efficiency.
Guidewire's Chief Commercial Officer expressed optimism about this transition, emphasizing the importance of cloud technology in transforming how Frankenmuth engages with its customers. This move highlights the continuous evolution within the insurance industry, where technology plays a crucial role in operational effectiveness, customer satisfaction, and overall business growth.