Liberty Specialty Markets Deploys Guidewire for Lloyd’s Syndicate 4472

Guidewire (NYSE: GWRE) and Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance's Global Risk Solutions division, announced that LSM has deployed Guidewire to automate its claims management and reinforce its London Market position. Guidewire PartnerConnect Advantage partner, Sollers Consulting, led the technical implementation and oversaw technical design.

An existing user of Guidewire's claims management system globally, this latest deployment enables LSM to strengthen their Business and IT claims capabilities; with consolidated claims processing across the company, streamlined, straight through processing, system automation, enhanced SLA monitoring, and direct London Market messaging.

"We are impressed by the ability of the Guidewire platform to offer end-to-end claims management and tracking, as well as ECF Write-Back integration, workflow, and email incorporation," said Mike Gillett, Chief Claims Officer for LSM. "With this go-live we are now able to use a single claims system for our business in London. This is a significant step for us in our strategy to build data-driven business models, with consistent operational data all in one place."

"I want to congratulate Liberty Specialty Markets on what they have accomplished. LSM implemented a solution to connect Guidewire ClaimCenter to Lloyd's systems. This ambitious project overcame many challenges, including migrating from a legacy system and redesigning integrations in a multifaceted system architecture. Lloyd's is on the right track in its transition to data-driven business models. LSM makes an important contribution to this," commented Michal Trochimczuk, Managing Partner of Sollers Consulting.

"We congratulate LSM on their successful deployment that will enable them to leverage data-driven business models from their increased data collection and reporting competence as well as benefit customers through enhanced claims handling," said Will McAllister, Managing Director - EMEA, Guidewire. "We applaud LSM's focus on delivering well-considered solutions, designed to match the specific needs of their brokers and clients in the London Market."

About Liberty Specialty Markets

Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US, Bermuda, Asia Pacific & Latin America markets. We provide brokers and insureds with a broad product range through both the Company and Lloyd's markets and have over 2,000 employees in approximately 60 offices.

About Liberty Mutual Insurance

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow.

In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2020 gross written premium. We also rank 78 on the Fortune 100 list of largest corporations in the US based on 2021 revenue. As of December 31, 2021, we had $48.2 billion in annual consolidated revenue.

We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.

For more information, visit www.libertymutualinsurance.com

About Sollers

Sollers Consulting is an international business advisory and software implementation specialist supporting business transformation in the financial industry. Sollers Consulting teams have supported more than 80 financial groups in enhancing their digital capabilities, including Allianz, AXA, LV=, BNP Paribas Cardif, Basler, Generali, Zurich, Santander Consumer Bank, and ING. Our teams specialise in IT systems that help insurers, banks, and leasing companies transform and adapt to new technologies. Sollers Consulting cooperates with more than 15 technology providers such as Guidewire Software, Oracle, AWS, and Microsoft.

Approximately 700 business and IT specialists from Warsaw, Lublin, Poznan, Gdansk, Cologne, Tokyo, and Paris are helping financial institutions in Great Britain, Germany, Poland, Scandinavia, and many other countries reap the benefits of digitalization. Read more at sollers.eu.

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