ValueMomentum supports expansion of Pekin Insurance in Utah

by James · March 15, 2023

Value-Momentum-Supports-Beijing-Insurance-Expansion-in-Utah

ValueMomentum, a provider of IT services and solutions for insurance companies, has partnered with Pekin Insurance to launch a commercial offering in a new state, Utah.

ValueMomentum partnered with Pekin Insurance to configure Guidewire InsuranceSuite with commercial lines for the state of Utah – as part of a fixed fee engagement.

Pekin Insurance’s vision is to expand its commercial operations into more states to develop a presence outside the Midwest and drive growth.

The Utah implementation involved implementing commercial auto, workers’ compensation, business owner’s policies, commercial package products and commercial umbrella into Guidewire InsuranceSuite and Guidewire ProducerEngage.

Pekin Insurance said the Utah state expansion commitment will be optimized to serve as a template for future geographic expansion initiatives.

ValueMomentum has been engaged with the Guidewire InsuranceSuite application providing application management, integration, testing and recently upgrade services to the Guidewire Cloud Platform through its partnership with Guidewire.

Amy Bingham, chief information officer of Pekin Insurance, said: “We are pleased with ValueMomentum’s flexible and cost-effective factory delivery model, and early results from the expansion are positive. As we facilitate the adoption of a product-centric business model operating through agile practices, we look forward to the flexibility and agility offered by ValueMomentum’s engagement model and its expertise in insurance and technology.”

James Carlucci, executive vice president of insurance at ValueMomentum, added: “We value our long-standing partnership with Pekin Insurance and the privilege of contributing to their growth goals. We are proud of our project teams who draw on ValueMomentum’s deep property and casualty insurance expertise, expert guidewire’s global community of practice , and the tools and assets that enable fast, agile and high-quality deliveries to create great value for our customers’ initiatives.”

Last year, Ivans’ parent company Applied Systems acquired commercial lines assessment solution for small business insurance Tarmika.

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