Lititz Mutual Insurance Company Selects Guidewire InsuranceNow to Increase Agent and Policyholder Digital Engagement for Business Growth
March 24 2022 - 7:55AM
Business Wire
Personal and commercial lines insurance
provider to leverage core operations in the cloud
Lititz Mutual Insurance Company (Lititz), a provider of personal
and commercial lines insurance through a network of independent
agents, and Guidewire (NYSE: GWRE) announced that Lititz has
selected InsuranceNow to improve customer service and grow its
business. The company plans to implement InsuranceNow first to its
homeowners line of business with other lines of business to
follow.
“We selected InsuranceNow to modernize our systems and transform
the interactions our agents and policyholders have in working with
us. Out of all the systems we evaluated, InsuranceNow was the best
in meeting our requirements, especially with its value-added
capabilities,” said Lititz President and Chief Executive Officer
Henry R. Gibbel. “We will be able to transform our underwriting
processes through all of the additional data we will be able to
access through InsuranceNow dashboards. This will help our agents
work with us more digitally, reducing the post-issuance
underwriting correspondence that takes time and money while also
pricing our product accordingly in that initial transaction with
the policyholder.”
Gibbel added, “Cloud computing has always been a part of our
future business strategy and it was important that we weren’t
cobbling together different core systems. The cloud and All-in-One
aspects of InsuranceNow were critical in our decision-making
process. Guidewire is a recognized industry software platform. By
leveraging InsuranceNow on Guidewire Cloud, we will be able to take
advantage of Guidewire’s latest technology and innovation, devoting
less time to system maintenance.”
“We are pleased to welcome Lititz to the Guidewire customer
community,” said Guidewire Group Vice President of Americas Sales
Ken Shapiro. “We look forward to helping the company continue
meeting the needs of its policyholders and providing a fast, fair
response on claims and customer service.”
About Lititz Mutual Insurance Company
A property casualty mutual insurance company organized in 1888,
Lititz Mutual provides their policyholders with a financially
strong, well-managed company with responsive service and insurance
products that are fairly priced. The company was founded on the
soundest of ideals – thrift, integrity, caring, reliability,
quality, fairness and responsibility. Lititz Mutual serves over
70,000 policyholders throughout an 8 state operating footprint.
Lititz Mutual is the flagship of a group of mutual insurance
companies which includes Penn Charter Mutual Insurance Company,
Farmers’ & Mechanics’ Mutual Insurance Company and Livingston
Mutual Insurance Company. Together, the companies offer a broad
offering of personal habitational products supported by small
commercial, farm and umbrella coverages.
For more information, visit https://www.lititzmutual.com/.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and AI to deliver our platform as a cloud service. More
than 450 insurers, 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.
For more information, please visit www.guidewire.com and follow
us on Twitter: @Guidewire_PandC.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20220324005284/en/
Diana Stott Director, Communications Guidewire Software, Inc.
+1.650.356.4941 dstott@guidewire.com
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