Pacifico Seguros and Guidewire Software, Inc. announced that Pacifico has selected Guidewire InsuranceSuite(TM) as its new underwriting, policy administration, billing and claims management platform. Pacifico has also selected Guidewire Rating Management(TM) for more precise control and responsiveness over rating and pricing and Guidewire Reinsurance Management(TM) to deliver the automation needed to effectively manage ceded reinsurance. Pacifico will be implementing InsuranceSuite in a phased approach by line of business.

Pacifico sought to replace its core systems to gain the flexibility to adapt and more quickly respond to new business and product opportunities and to improve its overall time to market. The company needed new core systems to support its shift in focus from predominantly commercial lines to growing its personal lines' business. Prior to selecting Guidewire InsuranceSuite, Pacifico's supporting processes and IT platforms were built exclusively for commercial lines.

InsuranceSuite will enable Pacifico to: make product and rate changes quickly to increase responsiveness to the market; provide high levels of service to customers and agents; and enhance operational efficiency through automation across underwriting, policy administration, billing, and claims management processes. Guidewire InsuranceSuite powers the mission-critical operations of property/casualty insurers competing in market. The suite was designed using a modular approach, enabling insurers to select individual applications -- Guidewire PolicyCenter(R), Guidewire BillingCenter(R), and Guidewire ClaimCenter(R) -- or a pre-integrated set, driven by their requirements and priorities.

InsuranceSuite provides the flexibility insurers need to deliver insurance the way they want to, by rapidly delivering better products and service to their policyholders and agents, while improving underwriting discipline and lowering operational costs.