Specialty lines insurer leveraging core operations in the cloud to drive quoting and submission process innovation
Bowhead Specialty (Bowhead), a specialty lines underwriter, and Guidewire announced that Bowhead implemented Guidewire InsuranceNow to accelerate the pace of launching new products and time-to-market. The company implemented InsuranceNow to its Casualty line of business nationwide and has begun implementing the system to its Professional Liability and Healthcare lines.
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“We are delighted that InsuranceNow is providing the core platform enabling Bowhead to innovate and modernize its specialty lines.”
“Our priority was a cloud-first system with a modern architecture and integrated core, data, and digital components to enable the accelerated pace of our product development and sales,” said Bowhead Chief Information Officer Bob Spina. “We write a very craft-like business and wanted to drive innovation in our submission flow and quoting. InsuranceNow provided an all-in-one implementation approach, with the flexibility to introduce new products and expand our portfolio.”
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Spina added, “Working with Guidewire, we stayed close to out-of-the-box with little configuration, as there is quite a bit of flexibility in the platform. We were on time and under our original statement of work – then added a new product line during implementation. We have the flexibility to incorporate flow traffic, and the role of InsuranceNow will soon increase in our quoting and b******. Analytics will also be an essential component of our business.”
“Bowhead has been a great partner throughout the process. We congratulate them on their successful InsuranceNow implementation and look forward to supporting their future growth,” said Guidewire Vice President of Insurance Delivery Richard Henderson. “We are delighted that InsuranceNow is providing the core platform enabling Bowhead to innovate and modernize its specialty lines.”
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