Guidewire announced plans to invest $60 million to boost insurance innovation and cloud transformation in Japan.
Takeaway Points
- This investment will boost Guidewire’s platform, empowering Japanese insurers to drive profitable growth.
- Guidewire also announced improvements to its PolicyCenter and BillingCenter products to better support Japanese insurers.
- The platform will host its yearly Insurance Forum on Tuesday, May 13, at the Ritz-Carlton, Tokyo.
- Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently.
Insurance Innovation in Japan
Guidewire on Tuesday announced a $60 million investment over the next five years to expand its operations in Japan and increase the delivery of capabilities tailored to the unique needs of Japanese insurers. This investment will boost Guidewire’s platform, empowering Japanese insurers to drive profitable growth, increase business and IT agility, ensure regulatory compliance, and support the growth of the company’s local team and ecosystem to meet rising demand for cloud-based core systems.
Mike Rosenbaum, Chief Executive Officer at Guidewire, said,“Guidewire is honored to have earned the trust of Japanese insurers by delivering the most comprehensive claims platform specifically tailored to their unique needs. Over the next five years, we plan to invest more than $60 million to enhance our end-to-end cloud platform in Japan with powerful innovations like AI—helping our customers boost underwriting precision, accelerate speed to market, and operate with increasing agility.”
Shaji Sethu, Senior Vice President and Managing Director, Asia Pacific at Guidewire, remarked, “Japan is a key market for Guidewire, and we are committed to helping our customers transform their operations to stay competitive in an evolving landscape. With increasing regulatory pressure and the challenges of legacy systems weighing heavily on Japanese insurers, we remain focused on supporting their successful migration to the cloud. Our goal is to drive measurable improvements in speed-to-market, underwriting effectiveness, and operational efficiency, empowering insurers to meet the rising expectations of both customers and regulators. We plan to do this by growing our team in Japan.”
Other Announcements
The platform also announced improvements to its PolicyCenter and BillingCenter products to better support Japanese insurers. The key new features include policy change reversals, proration, and effective time, along with localized support for Japanese language, documentation, and training.
According to the report, the platform will host its yearly Insurance Forum on Tuesday, May 13, at the Ritz-Carlton, Tokyo. The event will explore cloud adoption in Japan, highlight global trends shaping the insurance industry, and feature insights from current customers.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.
They are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Their marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.
