ValueMomentum led a successful implementation of commercial lines on the Guidewire InsuranceSuite platform for the launch of Pekin Insurance in the state of Utah.
PISCATAWAY, NJ, March 14, 2023 /PRNewswire/ — ValueMomentum, a leading provider of IT services and solutions for insurers, today announced news of the successful launch of commercial divisions of Pekin Insurance in Utah, a new state, thereby expanding the company ‘s geographic footprint . ValueMomentum has partnered with Pekin Insurance to configure its Guidewire InsuranceSuite with commercial lines for the state of Utah – as part of a fixed fee engagement.
Pekin Insurance’s vision is to expand its personal lines business into additional states to establish a presence beyond the Midwest and drive growth. Implementation in Utah included implementation of Commercial Auto, Workers Compensation, Business Owner Policy, Commercial Bundled Product and Commercial Umbrella in Guidewire InsuranceSuite and Guidewire ProducerEngage. The state of Utah’s expansion commitment will be optimized to serve as a template for future geographic expansion initiatives. As a trusted vendor partner of Pekin Insurance, ValueMomentum was tasked with its Guidewire InsuranceSuite application, which, through its partnership with Guidewire, provides application management, integration, testing and, most recently, upgrade services for the Guidewire cloud platform.
“We are pleased with ValueMomentum’s flexible and cost-effective factory delivery model and initial results of the expansion are positive. As we facilitate the adoption of a product-centric business model powered by agile practices, we look forward to the flexibility and agility offered by ValueMomentum’s engagement model and its insurance and technology expertise,” said Amy Bingham, Chief Information Officer at Pekin Insurance.
“We appreciate our longstanding partnership with Pekin Insurance and the privilege of contributing to their growth goals. We are proud of our project teams, which draw on ValueMomentum’s extensive property and casualty insurance expertise, Guidewire’s global community of experts, and the tools and tools. Assets that enable fast, flexible and high-quality delivery to add value to our clients’ initiatives,” said James Carlucci, Executive Vice President, Insurance at ValueMomentum.
About ValueMomentum Inc.
ValueMomentum provides IT services and solutions for insurance, financial services and healthcare. Clients choose ValueMomentum because of the company’s track record of delivering value and driving clients’ business initiatives. ValueMomentum achieves this by applying a proven formula that combines strong technology know-how with extensive industry experience. For more information, visit https://www.valuemomentum.com.
ValueMomentum media contact:
North America:
Abhijeet Jhaveri
Value Momentum, Inc.
Tel: +1 (980) 755-0370
E-mail: [email protected]
SOURCE ValueMomentum
