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Guidewire Software, Inc. GWRE recently announced that Montana State Fund has chosen Guidewire InsuranceSuite on Guidewire Cloud to power its core business. This move aims to streamline IT operations, improve adaptability to market changes and enhance services for policyholders, injured workers and agency partners.
Montana State Fund, Montana’s largest and only non-profit workers’ compensation insurer, protects around 23,000 businesses and their workers. Beyond supporting injured workers' recovery, it is dedicated to enhancing workplace safety statewide.
A Guidewire customer since 2006, Montana State Fund is transitioning from an on-premises system to a cloud-based platform, beginning with Guidewire ClaimCenter—a specialized cloud-based claims management solution designed for property and casualty (P&C) insurers. This upgrade will modernize its core operations and drive greater efficiency.
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Montana State Fund will also implement Guidewire Predict to assess risk impact on loss ratios for competitive advantage and Guidewire Jutro Digital Platform to deliver personalized experiences across users and distribution channels as part of the migration.
With the rapid evolution of the insurance industry, the demand for transforming claims management increases to optimize the end-to-end claims process, enabling insurers to process claims more quickly and accurately while enhancing customer satisfaction.
On Feb. 6, 2025, Guidewire announced that Amerisure Insurance implemented Guidewire PolicyCenter and Guidewire BillingCenter onto Guidewire Cloud to its workers’ compensation line of business. On Feb. 4, 2025, Guidewire announced that Markel successfully moved Guidewire ClaimCenter from an on-premise system to Guidewire Cloud, streamlining its claims and IT operations. The company now uses ClaimCenter on Guidewire Cloud for its specialty insurance business across the United States.
Guidewire Cloud Strength Boost Revenues
Momentum in Guidewire Cloud is a tailwind. In the second quarter of fiscal 2025, Guidewire Cloud continued to gain momentum with 12 deal wins. Driven by strong revenue performance in the fiscal second quarter, GWRE expects total revenues for fiscal 2025 to be between $1.164 billion and $1.174 billion compared with earlier guidance of $1.155 billion and $1.167 billion. Subscription revenues are now forecasted to be $653 million, while subscription and support revenues are expected to be $718 million. Services revenues are estimated to be approximately $210 million.