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Guidewire's (GWRE) Cloud Platform Adopted by Trygg-Hansa
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Guidewire Software (GWRE - Free Report) recently announced that Trygg-Hansa Forsakring had selected Guidewire ClaimCenter on Guidewire Cloud to boost the efficiency of its claim operations.
Trygg-Hansa is the Swedish branch of Tryg Forsikring A/S, one of the largest providers of non-life insurance services in Scandinavia. Trygg-Hansa offers a wide range of insurance products and services to individuals, businesses, and organizations. On Apr 1, 2022, Trygg-Hansa teamed up with Moderna Försäkringar to create a joint company.
The cloud platform has been previously installed across the Tryg group’s operations in Denmark and Norway. Thus, employing ClaimCenter for Trygg-Hansa extends uniformity to all the organizations across Scandinavia, which was highlighted by management.
Adopting the same platform throughout will aid the insurance company in improving its claims system through the availability of information, experience and functionality from across all its businesses. As a result, it will be able to smoothly launch innovative products, ink new collaborations and enhance customer satisfaction.
The ClaimCenter on Guidewire is a claims management solution that encompasses advanced core claims functionality with digital engagement and embedded analytics. ClaimCenter extends support to all lines of personal, commercial, and workers’ compensation insurance. It is available both as a stand-alone solution and as part of Guidewire InsuranceSuite. It also features a dynamic ecosystem of partners and insurtechs.
Guidewire is a provider of software solutions for P&C insurers. The company’s core solutions include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. Guidewire InsuranceSuite Cloud comprises of PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud.
The company reported revenues of $240.9 million, rising 4% year over year. The revenues aligned with the Zacks Consensus Estimate. In the fiscal second quarter, Guidewire Cloud continued to gain momentum with 11 deal wins.
However, volatility in global macroeconomic conditions and inflation are compelling to reduce expenses, especially for mid-scale and small-scale businesses, which are also headwinds. Increasing investments in product enhancements are likely to hurt margin expansion.
Guidewire currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 49.6% in the past year compared with the sub-industry’s growth of 27.9%.
Image Source: Zacks Investment Research
Stocks to Consider
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NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
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IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.
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Guidewire's (GWRE) Cloud Platform Adopted by Trygg-Hansa
Guidewire Software (GWRE - Free Report) recently announced that Trygg-Hansa Forsakring had selected Guidewire ClaimCenter on Guidewire Cloud to boost the efficiency of its claim operations.
Trygg-Hansa is the Swedish branch of Tryg Forsikring A/S, one of the largest providers of non-life insurance services in Scandinavia. Trygg-Hansa offers a wide range of insurance products and services to individuals, businesses, and organizations. On Apr 1, 2022, Trygg-Hansa teamed up with Moderna Försäkringar to create a joint company.
The cloud platform has been previously installed across the Tryg group’s operations in Denmark and Norway. Thus, employing ClaimCenter for Trygg-Hansa extends uniformity to all the organizations across Scandinavia, which was highlighted by management.
Adopting the same platform throughout will aid the insurance company in improving its claims system through the availability of information, experience and functionality from across all its businesses. As a result, it will be able to smoothly launch innovative products, ink new collaborations and enhance customer satisfaction.
The ClaimCenter on Guidewire is a claims management solution that encompasses advanced core claims functionality with digital engagement and embedded analytics. ClaimCenter extends support to all lines of personal, commercial, and workers’ compensation insurance. It is available both as a stand-alone solution and as part of Guidewire InsuranceSuite. It also features a dynamic ecosystem of partners and insurtechs.
Guidewire is a provider of software solutions for P&C insurers. The company’s core solutions include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. Guidewire InsuranceSuite Cloud comprises of PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud.
The company reported revenues of $240.9 million, rising 4% year over year. The revenues aligned with the Zacks Consensus Estimate. In the fiscal second quarter, Guidewire Cloud continued to gain momentum with 11 deal wins.
However, volatility in global macroeconomic conditions and inflation are compelling to reduce expenses, especially for mid-scale and small-scale businesses, which are also headwinds. Increasing investments in product enhancements are likely to hurt margin expansion.
Guidewire currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 49.6% in the past year compared with the sub-industry’s growth of 27.9%.
Image Source: Zacks Investment Research
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1(Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.