Farm Bureau Mutual Insurance Company of Idaho Selects Guidewire Cloud to Deliver More Value for Business Growth
13 October 2022 - 11:55PM
Business Wire
Farm Bureau Mutual Insurance Company of Idaho
(FBM Idaho), the state’s largest domestic personal lines insurer,
and Guidewire (NYSE: GWRE) announced that FBM Idaho selected
InsuranceSuite on Guidewire Cloud to power core operations,
simplify IT operations, quickly adapt to changing market demands,
and deliver more value to its agents and policyholders. A Guidewire
self-managed customer since 2010, the company plans to migrate
InsuranceSuite to Guidewire Cloud across the entire organization at
the same time.
“As a regional insurance organization, we need to make sure that
we're maximizing resources, and we feel that Guidewire Cloud aligns
with our long-term strategy and goals to leverage the capabilities
of a broader organization to move us forward and allow us to
compete effectively against competitors of all sizes,” said Todd
Argall, executive vice president and chief executive officer, FBM
Idaho. “Guidewire Cloud offers us resource flexibility and cost
management by enabling us to stay current on Guidewire’s latest
technologies and innovations, while devoting less time to system
maintenance and upgrades.”
Argall added, “InsuranceSuite’s management reporting
capabilities are very impressive in the Guidewire Cloud environment
to enhance what our team has done. CustomerEngage and
ProducerEngage will enable us to take the system to the next level
of usability and maximize the experience our agents and customers
have in working with us. Another big advantage of Guidewire Cloud
is that it will offer us tremendous flexibility to integrate with
the best-in-class insurtech solutions in the Guidewire
PartnerConnect ecosystem and advance our transformation.”
“We admire FBM Idaho’s 75 years of service as one of Idaho’s
leading auto insurers, the largest writer of farm and ranch
insurance in the state, and the largest personal lines insurance
company wholly based there,” said John Mullen, president and chief
revenue officer, Guidewire. “We appreciate the company’s
partnership and their confidence in leveraging InsuranceSuite on
Guidewire Cloud to amplify their reputation as a company that helps
its neighbors.”
About Farm Bureau Mutual Insurance Company of Idaho
Celebrating 75 years of protecting what matters most in Idaho,
Farm Bureau Mutual Insurance Company of Idaho is one of Idaho’s
leading auto insurers, the second largest writer of all insurance
lines in Idaho, the largest writer of farm and ranch insurance in
the state, and the largest personal lines insurance company based
solely in Idaho. The company was recently recognized by Forbes as
Idaho’s “Best-In-State” insurance company for homeowners insurance.
For more information, visit: www.idahofarmbureauinsurance.com.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and AI to deliver our platform as a cloud service. More
than 500 insurers in 38 countries, from new ventures to the largest
and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with 1,000+ successful projects, supported by the
largest R&D team and partner ecosystem in the industry. Our
marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit http://www.guidewire.com/ and
follow us on Twitter and LinkedIn.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20221013005078/en/
Diana Stott Director, Communications Guidewire Software, Inc.
+1.650.781.9955 dstott@guidewire.com
Mike Myers Senior Marketing Specialist Farm Bureau Mutual
Insurance Company of Idaho 208-239-4276 mmyers@idfbins.com
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