Guidewire Practice Overview

Cognizant helps P&C insurers meet

industry challenges with Guidewire
InsuranceSuite™
Insurers are facing increased competitive pressures cloud and infrastructure services. This improves speed
largely driven by the rapid, widespread emergence of new to market, decreases loss ratios and reduces operational
technologies and customer demand for the experiences costs.
these technologies offer. Striking a balance between
profitable growth and controlled operating costs, while
managing the unrelenting need to respond to market
Cognizant’s Guidewire
demands, makes it imperative for insurers to digitize team can transform your IT
every journey by adopting modern, core platforms and an
enabling ecosystem of capabilities. ecosystem
This requires more than simply replacing or modernizing As a Guidewire consultant and cloud partner, Cognizant
legacy systems to improve processes but rather has more than 1,700 Guidewire and 38,000 insurance
envisioning and building a new digital enterprise, professionals worldwide who provide services across the
developing roadmaps that address immediate needs and implementation life cycle. Our associates are in customer
anticipating future requirements. Done right, embarking premises and in Cognizant’s Regional Delivery Centers
on such a transformation can open new avenues for doing (RDCs) located across the globe. Our approach reduces
business that drive growth, which is why many carriers are implementation risks and costs by eliminating the need to
investing in leading industry solutions like Guidewire. use multiple vendors to manage a Guidewire project. We
work with seven of the 10 largest global insurers, giving us
Cognizant’s Guidewire Agile Implementation unparalleled knowledge that we bring to every Guidewire
Methodology (GAIM), complimented by cutting-edge engagement.
digital engineering practices, helps insurers proactively
respond to market disruptions by fundamentally In addition to large-scale, complex implementations, we
transforming the business model. work with mid-sized and smaller companies, leveraging
our cloud and digital expertise to provide flexible-as-
Cognizant’s end-to-end approach to Guidewire a-service models that suit their business needs. Our
implementations leverages Guidewire assets as a catalyst Guidewire suite of services enables successful business
to transform the entire ecosystem, connecting legacy transformation and maximizes return on investments as a
systems while integrating new capabilities like digital, continuous improvement process year on year.
 Guidewire Practice Overview

Cognizant’s end-to-end Guidewire service offerings

Advisory & Consulting Implementation Quality Assurance Managed Services
•
•
•
Business solution definition
Platform selection
Program roadmap definition
•

•
Configuration of user interface,
business rules and workflow
Integration of Guidewire Suite
• End-to-end testing
including systems
integration, stabilization,
• Production monitoring,
support and maintenance,
regulatory and functional
The Cognizant Difference
• Business case development with external systems over files, automation, performance enhancements
• Business process plug-ins, messaging, batches, and user acceptance • New product and/or Our Guidewire practice is defined by our relentless pursuit to deliver true
re-engineering web services testing geography rollouts
• Execution strategy and • 20+ purpose-built solution • Proprietary frameworks, • Transform while Perform business transformation. Having delivered some of the most complex
program management accelerators produced in our tools and solution (TwP)
• Inception exclusive Guidewire lab accelerators Guidewire implementation and transformation projects in the insurance
• Organization change • Comprehensive knowledge • Proven QA processes and
management repositories best practices industry, we have a long and successful track record of executing Guidewire
solutions. The benefits to your business can be significant.

A transformative Guidewire implementation:

Service
Offerings
Enables agility across the business, allowing rapid change in
response to market disruptors.
Accelerates speed to market.
Reduces leakage in premiums, claims and billing.
Digital Data Management/Reporting Upgrade
• Human-centered digital • Efficient migration of legacy data • Upgrade assessment Improves operating ratios.
solution design • Business data migration strategy • Upgrade strategy
• Configuration/integration of
Guidewire portals
• Extraction, transformation and loading
of data
•
•
Upgrade execution
Migration
Decreases the product development life cycle.
• Optimize CX through sales/ • Implementation and/or integration with • Enhancement assessment
distribution management, DataHub and InfoCenter • Knowledge transfer (forward Reduces total cost of ownership.
marketing automation and • Report rationalization and authoring and reverse KT)
BPM solutions and services • Audits and balancing
Talk to us today about how Cognizant’s approach to Guidewire
•• Advisory and Consulting. Cognizant’s advisory and •• Quality Assurance. Our Guidewire center of excellence
consulting services provide business and operating model provides end-to-end testing including systems implementations can help you transform your organization to compete in
definition, program roadmap definition, business case integration, stabilization, automation, performance and
today’s challenging environment.
development, business process re-engineering, execution user acceptance testing. We use proprietary frameworks,
strategy, program inception, program management and tools and solution accelerators coupled with proven QA
organization change management. processes and best practices. Reach us at [email protected].
•• Digital. We integrate human-centered digital design •• Upgrade. Cognizant’s Upgrade Factory carries out
into Guidewire portals to optimize customer experience technical and functional upgrades of implemented
through sales and distribution management, marketing functionality in the Guidewire application. We upgrade
automation and BPM solutions and services. application databases, implement screen configurations
and business rules, and build the Guidewire portion of
•• End-to-end Implementation Services. Implementation interfaces to other applications. We use our center of
includes configuration of user interface, business rules and excellence and lab environments to upgrade the installed
workflow as well as integration of the Guidewire Suite with client Guidewire software to the new version, fully test it
external systems. We also offer solution accelerators for and resolve defects.
standard integrations and integrated center of excellence
support. •• Managed Services. Cognizant provides product
monitoring, support and maintenance, regulatory and
•• Data Management and Reporting. Cognizant employs functional enhancements, new product rollout and M&A
a business data migration strategy that efficiently integration support. We do all of this at scale.
extracts and migrates legacy data and provides report
rationalization.
2 Guidewire Practice Overview Guidewire Practice Overview 3
About Cognizant’s Insurance Practice
Cognizant is a leading global services partner for the insurance industry. In fact, seven of the top 10 global insurers and 33 of the top 50 U.S. insurers
benefit from our integrated services portfolio. We help our clients run better by driving greater efficiency and effectiveness, while simultaneously helping
them run differently by innovating and transforming their businesses for the future. Cognizant redefines the way its clients operate — from increasing
sales and marketing effectiveness, to driving process improvements and modernizing legacy systems, to sourcing business operations. Visit us at
www.cognizant.com/insurance-technology-solutions.

About Cognizant
Cognizant is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital
era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered
in the United States, Cognizant is ranked 193 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how
Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

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