Elephant Auto Insurance and Guidewire Software, Inc. announced that Elephant has successfully implemented Guidewire PolicyCenter(R) as its new underwriting and policy administration solution. Elephant is also using Guidewire Rating Management(TM) for more precise control and responsiveness over rating and pricing. Elephant selected PolicyCenter to update its policy system with one that increased its customer service capabilities, enabled better underwriting risk analysis, and had the flexibility to grow with its business.

Following the conclusion of a 10-month PolicyCenter implementation project, the company is now in production in all four of the states in which it does business (Illinois, Maryland, Texas, and Virginia). Elephant began the deployment with renewal processing and is now live with new business as well. PolicyCenter is enabling Elephant to: Develop and configure rating and system changes internally to better keep pace with business changes and growth; Enhance operational efficiency through the automation of formerly manual tasks; Standardize on a platform that promotes data integrity and seamless integration with other market solutions; and Reduce its exposure to excessive risks by providing instant access to information standards and tools that allow a rapid assessment of applicant risk.

Guidewire PolicyCenter is a flexible underwriting and policy administration system that enables Property/Casualty insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and customers. Designed to support both commercial and personal lines, PolicyCenter helps insurers streamline front and back office processes, from new business submission and quoting through policy renewals. PolicyCenter is available as a standalone system or as part of Guidewire InsuranceSuite(TM), and can be integrated to an insurer's legacy systems or third party applications.