HELENA, Mont. & SAN MATEO, Calif.--(BUSINESS WIRE)--Montana State Fund, Montana’s largest and only non-profit workers’ compensation insurance company, and Guidewire (NYSE: GWRE) announced that Montana State Fund selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt quickly to changing market conditions, and deliver more value to its policyholders, injured workers, and agency partners. A Guidewire customer since 2006, the company will migrate InsuranceSuite from an on-premises environment onto Guidewire Cloud, beginning with Guidewire ClaimCenter.
“We selected Guidewire Cloud based on our 18 years of success with using Guidewire on-premises and are confident with Guidewire’s cloud maturity and roadmap,” said Montana State Fund Chief Information Officer Matt Coy. “By leveraging InsuranceSuite on Guidewire Cloud, we will be able to shift system maintenance to Guidewire and stay current on the latest innovations while decreasing our reliance on third-party on-premise technology infrastructure. This will enable our IT staff to focus on tasks that deliver value to our policyholders, injured workers, and agency partners.”
Coy added, “Guidewire Cloud also offers business continuity and disaster recovery capabilities to help us manage risk. We will also be able to integrate the third-party, best-in-class insurtechs that comprise the Guidewire Marketplace and PartnerConnect ecosystem to enhance our service offerings.”
Guidewire Chief Commercial Officer David Laker commented, "We thank Montana State Fund for their trust in our technology and welcome them to the Guidewire Cloud. We look forward to facilitating a smooth migration project and helping the company continue to provide financial protection for its policyholders and prompt payment of benefits to injured workers."
As part of the migration project, Montana State Fund will also be implementing Guidewire Predict to segment risks by their impact on loss ratio to better compete in the market and Guidewire Jutro Digital Platform to create unique experiences for any user and distribution channel.
About Montana State Fund
Montana State Fund is Montana’s largest and only non-profit workers’ compensation insurance company, protecting approximately 23,000 businesses, organizations and their workers. In addition to providing injured workers the care they need to return to work, Montana State Fund is committed to making a positive impact on Montana’s workplace safety culture. We believe workers deserve a safe and healthy workplace so they can safely return home to their families at the end of each day in the same condition as when they arrived. For more information, visit https://www.montanastatefund.com/.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.
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