# Sompo International Deploys Guidewire System For London Market Policy Management
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-08-22
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Sompo International Implements GuidewirePolicyCenter with
Meta Description: Sompo International, a global specialty insurance provider, utilizes GuidewirePolicyCenter for streamlined underwriting and policy management processes in the
URL: https://financedigest.com/sompo-international-deploys-guidewire-system-for-london-market-policy-managementhtml

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_GuidewirePolicyCenter® implemented by global specialty carrier to enhance operational efficiency and client service_

Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, and Sompo International, a global specialty provider of property and casualty insurance and reinsurance and wholly owned subsidiary of Sompo Holdings, Inc., today announced that Sompo International has successfully begun to deploy GuidewirePolicyCenter as its underwriting and policy management solution in the London Market, utilizing Guidewire’s Global Commercial Accelerator.

Sompo [International selected PolicyCenter as part of a global](https://www.financedigest.com/international-investment-soars-as-albania-steps-into-global-spotlight.html "INTERNATIONAL INVESTMENT SOARS AS ALBANIA STEPS INTO GLOBAL SPOTLIGHT") programme to streamline its underwriting system and policy management processes on an integrated end-to-end platform. Guidewire’s Global Commercial Accelerator has been configured, in this context, specifically for the London Market. It facilitates global carriers in employing Guidewire software across all their platforms.

“Sompo International is the first insurer in the London Market to roll out GuidewirePolicyCenter for this use,” said Alfred Goxhaj, [chief information officer](https://www.financedigest.com/future-market-insights-appoints-aditi-basu-as-chief-marketing-officer.html "Future Market Insights Appoints Aditi Basu as Chief Marketing Officer"), Sompo International. “Our plan is to deploy Guidewire software with the [Global Commercial Accelerator across all our classes of business in London](https://www.financedigest.com/london-stocks-fall-1-on-weak-global-growth-outlook.html "London stocks fall 1% on weak global growth outlook") on a phased basis. We have begun with our [Property policies](https://www.financedigest.com/frances-axa-q1-sales-rise-2-as-property-policy-demand-grows.html "France’s AXA Q1 sales rise 2% as property policy demand grows") attaching this month and feedback from our underwriters on the new system has been positive. The common platform will enable us to deliver more timely and accurate policy documents to our clients and more readily scale for [growth](https://www.financedigest.com/food-grade-phosphates-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2027.html "Food Grade Phosphates Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2027") as we incorporate additional products.”

PolicyCenter, incorporating Guidewire’s Global Commercial Extension, is enabling Sompo International to:

- Achieve full integration with financial, [reporting and document management](https://www.financedigest.com/a-report-on-global-clinical-trial-management-system-market-by-pmr.html "A Report On Global Clinical Trial Management System Market By PMR") systems;
- [Manage the particular demands of the London Market](https://www.financedigest.com/food-waste-management-market-expected-to-expand-more-than-three-fold-through-2032.html "Food Waste Management Market Expected to Expand More than Three-Fold through 2032"), such as written and signed lines, and Bureau processing;
- Streamline process, workflow and data quality control, by supporting one system for all data entry from submission, through to binding, registration and policy issuance; and
- Increase policy administration process efficiency with enhanced screens and features.

“We congratulate Sompo International on their successful PolicyCenter deployment,” said Sheridon Glenn, vice president, Field Consulting, EMEA, Guidewire. “This complex foundational deployment will [support easier and faster implementation of additional classes of business in the London Market](https://www.financedigest.com/engineering-pipe-hanger-and-support-market-estimates-the-to-expand-at-around-4-8-cagr-from-2021-to-2031.html "Engineering Pipe Hanger and Support Market Estimates The To Expand At Around 4.8% CAGR from 2021 to 2031"). We look forward to our [continued work](https://www.financedigest.com/hybrid-working-and-the-continued-security-challenges-for-financial-organisations.html "Hybrid working and the continued security challenges for financial organisations") together.”


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