Economical Insurance said it has selected PolicyCenter from Guidewire Software, Inc. (NYSE: GWRE) as its new policy administration system.
Economical is making a significant investment to replace its internally built policy administration system as part of its ongoing transformation program that is improving productivity and its ability to deliver products and services to market in a competitive and efficient manner.
Guidewire builds software products that help Property/Casualty insurers replace their legacy core systems and transform their business. More than 150 property/casualty insurers around the world have selected Guidewire.
Founded in 1871, Economical Insurance is one of Canada´s leading property and casualty insurers. Based in Waterloo, this Canadian-owned and operated group services the insurance needs of more than one million customers across the country.