Thursday 4 August 2016

It’s Punch and Counter-Punch in the Insurance Technology Ring, as Guidewire Acquires FirstBest

Today’s announcement of Guidewire’s acquisition of the standalone underwriting solution FirstBest, can be partly understood in the context of Duck Creek’s just finalized acquisition of AgencyPort.

While there are many differences between the two recently acquired companies; the common thread is that each gives the acquiring firm a robust and mature set of front-end, new business capabilities – and of course an established client base.

It will be interesting to see how FirstBest’s Underwriting Management System, UMS, will work with the underwriting screens and workflows within Guidewire’s PolicyCenter.

Now Guidewire and Duck Creek will both be addressing the technology and client migration/integration challenges of their recent acquisitions.

from Insurance Blog

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