Guidewire (NYSE: GWRE) announced it has ranked number 24 out of 150 in the 2023 IDC FinTech Rankings by IDC Financial Insights. It rose two places from its previous position for its third consecutive appearance on the annual list. Guidewire is the only P&C insurance industry platform provider ranked in the top 25.
“We are thrilled to be recognized in the IDC FinTech Rankings as one of the top 25 global technology providers,” said Jeff Cooper, chief financial officer, Guidewire. “Our customers are truly at the heart of everything we do at Guidewire. We work tirelessly to ensure they are on the leading-edge in an ever-changing and demanding market. We believe this recognition is a testament to our entire team’s hard work and dedication to the P&C insurance industry.”
The 20th-annual ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues exclusively received from financial institutions and fintechs for hardware, software, and/or services. Guidewire, along with the other enterprises featured, represent those organizations committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world.
“Guidewire,” reads this morning’s news release, “has earned the trust of more than 540 insurers of all sizes in 40 countries to help them innovate and thrive. With the largest research and development team, delivery services team, and partner ecosystem in the industry.”
GWRE shares took on $1.94, or 2.1%,to $92.57.
