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HDI Global Insurance Company (HGIC), the US unit of HDI Global, has chosen Guidewire PolicyCenter as its new policy administration and underwriting platform.
The upgrade to PolicyCenter will be executed on Guidewire Cloud, starting with the general liability business line.
Ernst & Young (EY US), a member of the Guidewire PartnerConnect Consulting Global Strategic programme, will spearhead the deployment.
HGIC chief underwriting officer Marco Hensel said: “We selected PolicyCenter on Guidewire Cloud because Guidewire has the modern, resilient, scalable and secure platform and market leadership, cloud and product maturity, and track record of successful implementation projects that we were looking for. PolicyCenter will impact our combined ratio over time through better, smarter underwriting, while reducing cost through increased efficiencies.”
HGIC chief information and transformation officer Kashif Syed stated: “Guidewire's advanced technology platform will empower HDI U.S. to streamline policy management processes, enabling us to deliver faster and more accurate services to our clients. With Guidewire handling system maintenance, we can stay current on their technology and shift our resources to tasks that will deliver value to our employees, brokers and policyholders.”
In 2024, HDI Global generated insurance revenues of €10bn ($10.78bn), up 10% from a year ago.
The company’s operating profit for the year was €702m, an increase from €446m recorded in the previous year.
Last month, Amerisure Insurance also deployed Guidewire PolicyCenter, along with BillingCenter, on Guidewire Cloud, with PwC serving as the lead partner in the implementation.
"HDI Global Insurance taps Guidewire for policy administration " was originally created and published by Life Insurance International, a GlobalData owned brand.
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