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Guidewire Software (GWRE) provides system software to the property and casualty (P&C) insurance industry.
It provides Internet-based software platforms for core insurance operations, including underwriting and policy administration, claim management, and billing.
The companys Guidewire InsuranceSuite includes PolicyCenter, an underwriting and policy administration application, which serves as a system-of-record that supports the entire policy lifecycle comprising product definition, underwriting, quoting, binding, issuances, endorsements, audits, cancellations and renewals; ClaimCenter, a claims management application for claim intake, assessment, settlement, and processing of claim-related financial transactions; and BillingCenter, a billing and receivables management application.
It also offers add-on modules to its InsuranceSuite consisting of Rating Management, which enables P&C insurance carriers to manage the pricing of their insurance products; Reinsurance Management that allows P&C insurance carriers to execute their reinsurance strategy through their underwriting and claims processes; and Client Data Management, which helps P&C insurance carriers to capitalize on customer information.
Shares have formed a bullish "flag" after the firm reported better than expected results.
52-Week Trading Range: $22.40 - $38.67
Entry Point: $37.10
Stop Loss: $35.20
Target Price: $40.80
GWRE position was closed at $38.80 after our 30-days time frame expired.
