Core modernization has become a key requisite for insurers who have embarked on their digital transformation journeys. Guidewire has quickly become the core platform of choice for a large number of insurers, who are looking to identify partners with depth of understanding of the insurance domain and Guidewire product suite along with a strong suite of accelerators that help them enable better time-to-market. The Guidewire services market grew at 15-17% in 2017. Going forward, the demand is expected to stay strong as demand for modernization to enable digital experiences rises.

IT service providers are responding to these demand themes by investing in Guidewire-specific CoEs, certified talent, and weaving their Guidewire capabilities with the broader digital transformation offerings to offer a cohesive portfolio. The majority of Guidewire product suite partners are investing in cloud hosting and support offerings as insurers are increasingly looking to embrace cloud for their core operations. Service providers that can position themselves as strategic partners for change management, offer an integrated value proposition comprising design and roadmap support as well as cost-effective downstream implementation capabilities will be better positioned to capitalize on the demand opportunity.

In this research, we analyzed the capabilities of 15 leading Guidewire service providers, specific to the global Property & Casualty (P&C) insurance sector. These providers were mapped on the Everest Group PEAK MatrixTM, which is a composite index of a range of distinct metrics related to each provider’s vision & capability and market impact. In this report, we focus on:

• The landscape of service providers in Guidewire services
• Assessment of the service providers on several capability-related dimensions related to Guidewire services
• Characteristics of Leaders, Major Contenders, and Aspirants on the Everest Group Guidewire services PEAK Matrix™
• Implications for insurance buyers and service providers

Scope

• Market trends and activity for Guidewire services in insurance firms
• Guidewire services PEAK Matrix™ characteristics
• Guidewire service provider characteristics

Content

This report analyzes Guidewire service providers in the global insurance sector (P&C insurance segment):

• Guidewire services trends and its implications for key stakeholders
• Everest Group PEAK Matrix for Guidewire services
• Guidewire services demand themes:
  • Product implementation services
  • Consulting services
  • Product enhancement services
  • Product maintenance and support
  • Product upgrade and migration services
• Profiles of Guidewire service providers

Membership(s)

Insurance - IT Services (ITS)