Guidewire Software Sees Strong Demand from Tier 1 Insurers -- Market Talk

Dow Jones

06-04

1818 ET - Guidewire Software saw growing demand across each tier of the property and casualty insurance industry in its latest quarter, with particular strength from the high-end of the market, CEO Mike Rosenbaum says during the company's earnings call. The company closed 17 cloud deals in the quarter, with seven core system deals with Tier 1 insurers and three with Tier 2 insurers, he says. Insurers are continuing to look to replace rigid systems with more agile platforms that allow them to deploy new products and lines of business faster, he says. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

June 03, 2025 18:18 ET (22:18 GMT)

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The company closed 17 cloud deals in the quarter, with seven core system deals with Tier 1 insurers and three with Tier 2 insurers, he says. Insurers are continuing to look to replace rigid systems with more agile platforms that allow them to deploy new products and lines of business faster, he says. 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The company closed 17 cloud deals in the quarter, with seven core system deals with Tier 1 insurers and three with Tier 2 insurers, he says. Insurers are continuing to look to replace rigid systems with more agile platforms that allow them to deploy new products and lines of business faster, he says. (kelly.cloonan@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 03, 2025 18:18 ET (22:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}