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Guidewire's (GWRE) InsurancePlatform Implemented by MACIF
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Guidewire Software, Inc. (GWRE - Free Report) recently announced that French mutual insurer, Groupe Macif (MACIF), will deploy the company’s InsurancePlatform as a Software-as-a-Service (SaaS) offering via Guidewire Cloud to enhance customer experience.
MACIF is a mutual insurer of automobiles, home insurance products, health, and life insurance in France and Europe. The company also offers financial services to more than 5.4 million members and employs more than 10,000 people.
Per the agreement, MACIFintends to substitute the preceding systems with InsurancePlatform solution across its entire business. MACIFstands to gain from Guidewire’ InsurancePlatform and will have better knowledge about the insurance industry, following its transfer to Guidewire Cloud.
Notably, the latest partner to join PartnerConnect has significant exposure to Guidewire’s InsurancePlatform suite of products, which is a positive. As a consulting partner, MACIFwill aid insurers to design and deploy business transforming strategies that reduce time to market considerably.
To mention, InsurancePlatform is a P&C industry platform which is deployed through Guidewire Cloud combining software, services, and partner ecosystem to customer business. The solution aids in risk reduction via increased productivity, accelerating time to market, digital engagement and simplifying IT infrastructure. The solution is designed to benefit insurers with streamlined claims management processes, which in turn enables them to bolster operational efficiencies.
With the synergies of the recently selected offerings and access to Guidewire’s Marketplace, MACIFintends to provide innovative solutions and adapt to changing market demands. We believe that rapid adoption of Guidewire’s solutions will aid the company in bolstering subscription revenues, consequently enabling it to expand total addressable market or TAM.
Share Price Movement
Shares of Guidewire have returned approximately 28% on a year-to-date basis, substantially outperforming the industry’s rally of 16.2%.
Adoption of InsurancePlatform Aplenty
Guidewire’s cloud-based subscription products are witnessing growing adoption as insurers are increasingly looking to digitally transform their business processes.
Moreover, the company has increased investments to enhance insurance software products via collaborations with leading on-demand cloud infrastructure vendors including Amazon Web Services and Microsoft Azure.
Further, the company’s elaborate partnership programs and strategic collaborations remain a key catalyst. Notably, Guidewire’s Partner Connect Program has been implemented worldwide, benefiting its customers in the property and casualty insurance industry.
In fact, per Gartner, the global SaaS market is expected to hit $143.7 billion by 2022 compared with $80 billion valuation in 2018. This reinforces company’s growth prospects in the domain.
Guidewire’s acquisition strategies aimed at strengthening InsurancePlatform, remain a key catalyst. The acquisition of ISCS (now called Insurance Now), FirstBest (now called Guidewire Underwriting Management) and EagleEye Analytics (now known as Guidewire Predictive Analytics) are not only bolstering revenue growth but also aiding it to expand clientele.
Notably, the cross-selling of the product suites has increased customer base and revenue generation. Moreover, acquisition of Cyence, which enables determination of economic impact of a cybercrime via a software platform, is expected to enable Guidewire secure transaction management processes.
Zacks Rank & Key Picks
Currently, Guidewire carries a Zacks Rank #3 (Hold).
The long-term earnings growth rate for HubSpot, Alteryx and Rosetta Stone is pegged at 47.8%, 13.7% and 12.5%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Guidewire's (GWRE) InsurancePlatform Implemented by MACIF
Guidewire Software, Inc. (GWRE - Free Report) recently announced that French mutual insurer, Groupe Macif (MACIF), will deploy the company’s InsurancePlatform as a Software-as-a-Service (SaaS) offering via Guidewire Cloud to enhance customer experience.
MACIF is a mutual insurer of automobiles, home insurance products, health, and life insurance in France and Europe. The company also offers financial services to more than 5.4 million members and employs more than 10,000 people.
Per the agreement, MACIFintends to substitute the preceding systems with InsurancePlatform solution across its entire business. MACIFstands to gain from Guidewire’ InsurancePlatform and will have better knowledge about the insurance industry, following its transfer to Guidewire Cloud.
Notably, the latest partner to join PartnerConnect has significant exposure to Guidewire’s InsurancePlatform suite of products, which is a positive. As a consulting partner, MACIFwill aid insurers to design and deploy business transforming strategies that reduce time to market considerably.
To mention, InsurancePlatform is a P&C industry platform which is deployed through Guidewire Cloud combining software, services, and partner ecosystem to customer business. The solution aids in risk reduction via increased productivity, accelerating time to market, digital engagement and simplifying IT infrastructure. The solution is designed to benefit insurers with streamlined claims management processes, which in turn enables them to bolster operational efficiencies.
With the synergies of the recently selected offerings and access to Guidewire’s Marketplace, MACIFintends to provide innovative solutions and adapt to changing market demands. We believe that rapid adoption of Guidewire’s solutions will aid the company in bolstering subscription revenues, consequently enabling it to expand total addressable market or TAM.
Share Price Movement
Shares of Guidewire have returned approximately 28% on a year-to-date basis, substantially outperforming the industry’s rally of 16.2%.
Adoption of InsurancePlatform Aplenty
Guidewire’s cloud-based subscription products are witnessing growing adoption as insurers are increasingly looking to digitally transform their business processes.
Moreover, the company has increased investments to enhance insurance software products via collaborations with leading on-demand cloud infrastructure vendors including Amazon Web Services and Microsoft Azure.
Further, the company’s elaborate partnership programs and strategic collaborations remain a key catalyst. Notably, Guidewire’s Partner Connect Program has been implemented worldwide, benefiting its customers in the property and casualty insurance industry.
In fact, per Gartner, the global SaaS market is expected to hit $143.7 billion by 2022 compared with $80 billion valuation in 2018. This reinforces company’s growth prospects in the domain.
Guidewire’s acquisition strategies aimed at strengthening InsurancePlatform, remain a key catalyst. The acquisition of ISCS (now called Insurance Now), FirstBest (now called Guidewire Underwriting Management) and EagleEye Analytics (now known as Guidewire Predictive Analytics) are not only bolstering revenue growth but also aiding it to expand clientele.
Notably, the cross-selling of the product suites has increased customer base and revenue generation. Moreover, acquisition of Cyence, which enables determination of economic impact of a cybercrime via a software platform, is expected to enable Guidewire secure transaction management processes.
Zacks Rank & Key Picks
Currently, Guidewire carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the broader sector are HubSpot (HUBS - Free Report) , Alteryx and Rosetta Stone , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for HubSpot, Alteryx and Rosetta Stone is pegged at 47.8%, 13.7% and 12.5%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>