San Mateo, CA-based Guidewire Software, Inc. is a provider of software solutions for property and casualty (P&C) insurers. The platform offered by Guidewire combines core operations, digital engagement, analytics, machine learning, and artificial intelligence (AI) which is then delivered to its customers via self-managed software or cloud services.

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.

InsuranceNow is a comprehensive cloud-based core system that offers pre-integrated document production, analytics, and other features, along with policy offering, invoicing, and claims administration capability.

Apart from this, the company has several complementary capabilities and applications which includes Guidewire Rating Management, Guidewire Reinsurance Management, Guidewire Client Data Management, Guidewire Underwriting Management etc.

The company exited fiscal 2023 with 580 customers representing about 540 insurance brands across 40 countries.

Fiscal 2023 revenues were $905.3 million. Beginning fourth-quarter fiscal 2021, the company has realigned reporting segments. Per the new reporting standard, the company has three main segments — Subscription and support, License and Services.

In fiscal 2023, Guidewire delivered Subscription and support revenues of $429.7 million (47.5% of total revenues). License revenues amounted to $265.6 million (29.3% of total revenues). Services revenues came in at $210.1 million (23.2% of total revenues).

The company faces competition in the software market that caters to the P&C insurance industry and from horizontal software vendors. Some of the key competitors are Duck Creek, EIS Group, Insurity, Majesco, and SAP.