GWRE Expands Japan Commitment With Tailored PolicyCenter on Cloud

Core Insights - Guidewire Software has launched Japan-specific functionality for PolicyCenter on Guidewire Cloud to support digital transformation for Japanese insurers [1][9] - The company announced a $60 million investment over the next five years to enhance its operations in Japan, aiming to provide localized, cloud-based core system features [1][9] - Guidewire is collaborating with Capgemini and Nomura Research Institute to expedite the delivery of these localized solutions [2][9] Investment and Partnerships - The partnership with Capgemini leverages global expertise in insurance technology transformation, while NRI offers local market knowledge [2] - This initiative follows the successful implementation of ClaimCenter extensions tailored for the Japanese market [3][9] Product Development - By integrating local requirements into PolicyCenter, Guidewire aims to improve insurers' agility in responding to market and regulatory changes [4] - The new features are expected to streamline deployment processes, enhancing efficiency for Japanese insurers [3][4] Business Performance - Guidewire is experiencing strong momentum in its Cloud business, with 19 deals secured in the last reported quarter, including nine Tier 1 wins [6] - The endorsement from Liberty Mutual, a key Tier 1 insurer, highlights the platform's maturity and scalability [7] Market Position - Guidewire's stock has increased by 41.3% over the past year, outperforming the Zacks Internet - Software industry's growth of 39.9% [8]