CHARLOTTETOWN, Prince Edward Island & SAN MATEO, Calif.--(BUSINESS WIRE)--
(ICPEI), a provider of personal and commercial insurance in Canada, and (NYSE: GWRE) announced that ICPEI selected on to power its core business, simplify its IT operations, adapt to changing market demands, deliver more value to its broker partners and policyholders, and to continue to grow its business. ICPEI will implement InsuranceSuite simultaneously across all its lines of business in the provinces where the company operates. Consulting Global Premier member will be leading the implementation project.
“We have a significant growth strategy so we needed a modern technology platform in the cloud that can help us quickly adapt to the industry trends impacting our market,” said ICPEI Vice President and Chief Information Officer Bryan Harper. “We selected Guidewire because they have the Canadian market leadership, product maturity, and track record of successful implementation projects, with the cloud focus for its product roadmaps and future commitments that we were looking for.”
Harper added, “Many of the brokers that we work with are already familiar with Guidewire. Guidewire Cloud will enhance our interactions with them digitally and enable us to make fast and simple rate changes, while running our operations more effectively and profitably.”
“We’re excited to work with ICPEI on their core platform transformation program by designing, developing and implementing custom solutions using EY Nexus™ for insurance accelerators,” said EY Canada Partner Shawn Antao. “From enhancing customer service and real-time broker connectivity to deploying new insurance options at speed, together we'll drive enterprise agility and help clients achieve their insurance goals.”
“We celebrate ICPEI’s more than 36 years of underwriting profitability and tailoring affordable insurance solutions for Canadian families and businesses,” said Guidewire Chief Sales Officer David Laker. “We’re delighted that Guidewire technology will contribute to the next chapter of ICPEI’s success as they continue to design and deliver insurance solutions to meet the needs of their fellow Canadians and grow nationally.”
ICPEI also selected SmartCOMM™ from for customer communications management. Guidewire is a reseller of Smart Communications, a Guidewire PartnerConnect Solution member.
About The Insurance Company of Prince Edward Island
Founded in 1987 and based in Charlottetown, the Insurance Company of Prince Edward Island (ICPEI) offers market-leading home, auto and commercial insurance solutions. The products are sold exclusively through a network of brokers across all three Maritime Provinces, Quebec, Ontario and Alberta.
ICPEI is a member of the Property & Casualty Insurance Compensation Corporation which protects policyholders from insolvent insurers, the Facility Association of Canada and the Insurance Bureau of Canada. For more information, please visit .
About EY
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
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About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 500 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.
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