IAG New Zealand Migrates to Guidewire Cloud Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy GWRE?
Source: Newsfilter
- Technology Modernization Milestone: IAG New Zealand has successfully migrated Guidewire ClaimCenter from on-premises to the Guidewire Cloud Platform, marking a significant step in its technology modernization journey aimed at enhancing customer claims experience and strengthening its competitive position in the evolving insurance market.
- Customer Demand Response: This migration enables IAG to better meet the evolving needs of customers by providing a more stable, secure, and scalable claims platform, thereby delivering superior service during critical moments in customer relationships and enhancing overall customer satisfaction.
- Cost Efficiency Improvement: The transition to the cloud platform allows IAG to achieve faster updates and adoption of new capabilities, not only improving customer outcomes but also enhancing overall cost efficiency, ensuring the company can continue investing in technology to adapt to market changes in the future.
- Strategic Partnership Deepening: Guidewire executives noted that IAG's move to the cloud platform is a significant step in modernizing its claims capabilities, reflecting the deepening of their long-standing partnership and supporting IAG in the next phase of its technology journey.
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Analyst Views on GWRE
Wall Street analysts forecast GWRE stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 144.680
Low
245.00
Averages
279.60
High
305.00
Current: 144.680
Low
245.00
Averages
279.60
High
305.00
About GWRE
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. The Company's core products include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. These products are transactional systems of record that support the entire insurance lifecycle, including insurance product definition, distribution, underwriting, policyholder services, and claims management. It also sells digital engagement and analytics products. Its digital engagement products enable digital sales, omnichannel service, and enhanced claims experiences for policyholders, agents, vendor partners, and field personnel. Its InsuranceSuite Cloud is a configurable and scalable product, delivered as a service, and primarily comprised of three core applications (PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud) that can be subscribed to separately or together.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Customer Demand Response: This migration enables IAG to better meet the evolving needs of customers by providing a more stable, secure, and scalable claims platform, thereby delivering superior service during critical moments in customer relationships and enhancing overall customer satisfaction.
- Cost Efficiency Improvement: The transition to the cloud platform allows IAG to achieve faster updates and adoption of new capabilities, not only improving customer outcomes but also enhancing overall cost efficiency, ensuring the company can continue investing in technology to adapt to market changes in the future.
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- Technological Innovation: MyChoice offers explainable outcomes of 'PASS / CAUTION / FAIL' by reconciling quoted risk data against source-of-truth signals, enabling underwriters to quickly identify true exceptions, thus enhancing operational efficiency and accelerating binding processes.
- Industry Collaboration: As part of the Vanguards program, Guidewire will provide strategic guidance to MyChoice and connect it with the P&C customer community, fostering innovation and application of insurtech solutions to drive industry-wide progress.
- Market Impact: MyChoice's solutions not only enhance submission trust but also optimize underwriting processes, helping insurers improve operational efficiency and reduce loss ratios without disrupting quoting workflows.
See More
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- Technology Modernization Milestone: IAG New Zealand has successfully migrated Guidewire ClaimCenter from on-premises to the Guidewire Cloud Platform, marking a significant step in its technology modernization journey aimed at enhancing customer claims experience and strengthening its competitive position in the evolving insurance market.
- Customer Demand Response: This migration enables IAG to better meet the evolving needs of customers by providing a more stable, secure, and scalable claims platform, thereby delivering superior service during critical moments in customer relationships and enhancing overall customer satisfaction.
- Cost Efficiency Improvement: The transition to the cloud platform allows IAG to achieve faster updates and adoption of new capabilities, not only improving customer outcomes but also enhancing overall cost efficiency, ensuring the company can continue investing in technology to adapt to market changes in the future.
- Strategic Partnership Deepening: Guidewire executives noted that IAG's move to the cloud platform is a significant step in modernizing its claims capabilities, reflecting the deepening of their long-standing partnership and supporting IAG in the next phase of its technology journey.
See More
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See More
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- Adjusted EPS Beat: The company posted an adjusted EPS of $1.17, exceeding analyst expectations of $0.77, reflecting a significant improvement in profitability that boosts investor confidence.
- Fiscal 2026 Outlook Raised: Guidewire raised its fiscal 2026 revenue outlook to $1.438 billion to $1.448 billion from a previous forecast of $1.403 billion to $1.419 billion, showcasing a positive outlook for future growth.
- Positive Stock Reaction: Following the earnings announcement, Guidewire's shares rose by 4.7% to $168.40, indicating market approval of its performance and outlook, further solidifying its position in the industry.
See More
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- Strong Performance: Guidewire Software reported a 24% year-over-year revenue increase to $359.1 million in Q2, surpassing the market expectation of $341.7 million, indicating robust demand in the insurance software sector.
- Segment Revenue Insights: Subscription and support revenue rose 33% year-over-year to $237.2 million, while services revenue increased by 30% to $62.4 million; however, license revenue fell 7% to $59.5 million, reflecting challenges during the company's transition.
- Optimistic Outlook: The company expects third-quarter fiscal 2026 ARR to reach between $1.14 billion and $1.15 billion, with subscription and support revenue projected between $239 million and $243 million, showcasing ongoing growth potential and market confidence.
- Share Buyback Update: Guidewire authorized a new $500 million share repurchase program in January 2026, demonstrating confidence in its value, while $490 million remains under the buyback program as of January 31, 2026, further bolstering investor confidence.
See More
