HSB deploys underwriting, policies, billing and data systems
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has deployed systems from Guidewire Software, a provider of software products to property/casualty insurers, to assist with underwriting, policies, billing and data.
HSB has deployed PolicyCenter as its new global underwriting and policy administration system and BillingCenter as its new billing management system.
HSB has also adopted the use of Guidewire DataHub as its data management system, which allows HSB to extract and better utilize Guidewire system information.
Since deploying the Guidewire PolicyCenter and BillingCenter, HSB claims it has enhanced its policy administration and billing management system to be more responsive to insureds, agents and client insurance companies.
HSB also has streamlined its process and system infrastructure, easing maintenance and the ability to extend its functions.
“The deployment of Guidewire PolicyCenter, BillingCenter, and DataHub in the span of ten months represents a significant achievement in our company’s long-term business transformation,” said Matthew Forman, senior vice president of operations at HSB.
“These systems will help HSB simplify our products and processes onto a common set of global platforms. They improve our speed-to-market capabilities and give us the agility and cost advantage to support our business strategy.”
In 2016, HSB used the Guidewire systems to implement its cyber insurance products for small and medium-sized businesses in the United States and United Kingdom.
