The implementation will be carried out on Guidewire Cloud, beginning with general liability lines.
HGIC has appointed Ernst & Young LLP (EY US), a member of the Guidewire PartnerConnect Consulting Global Strategic network, to lead the implementation.
HGIC chief underwriting officer Marco Hensel (pictured above) said the company chose PolicyCenter on Guidewire Cloud for its scalability, security, cloud maturity, and track record of successful projects.
Kashif Syed, HGIC's chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates.
The partnership between HGIC and Guidewire comes amid a milestone year for the parent company HDI Global, with the insurer reporting a full-year insurance revenue of €10 billion for 2024, reaching double-digit billions for the first time.
The insurer also recorded a combined ratio of 90%, down from 91.5% the previous year. Operating profit (EBIT) rose to €702 million from €446 million and return on equity increased by 3.3 percentage points to 17.6%.
In the US, HGIC also reached $1 billion in gross written premiums in 2024. CEO Jim Clark said the figure includes new partnerships, such as with Hallmark Insurance, and product expansions including a cyber facultative facility and specialized teams in life science and environmental insurance.
Earlier this month, HDI Global also announced a new leadership structure for its US casualty operations, with Ed Wu named as vice president and US casualty lead and Thomas Long serving as vice president and admitted casualty lead.
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