Guidewire Software, Inc. (NYSE: GWRE) provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. In addition, the company offers Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes; and Further, it provides Guidewire Underwriting Management, a cloud-based integrated business application; Guidewire AppReader, a submission intake management solution; Guidewire ClaimCenter Package for the London market supports the claims workflow used by London Market insurers and brokers; Guidewire Digital Engagement Applications, which enable insurers to provide digital experiences to customers, agents, vendors, and field personnel through their device of choice; and Guidewire for Salesforce to provide customer information regarding policies and claims. Additionally, the company offers Guidewire Predict, a P&C-specific machine-learning platform; Guidewire HazardHub, that allows insurers to understand, assess, price, and manage property risk; Guidewire Canvas, Guidewire Compare, and Guidewire Explore cloud-native applications; Guidewire Cyence, a cyber-risk economic modeling product; The company was incorporated in 2001 and is headquartered in San Mateo, California.

Guidewire, which dominated a sleepy niche, is a software provider for property and casualty, or P&C, insurers. P&C insurers industry has long been dominated by legacy software vendors. Given this, there is still a long runway for Guidewire and the company has already earned a wide moat due to the higher switching costs for software. Once a company use Guidewire software, it is highly unlikely it will use another vendor. Also, GWRE gets four stars from Morningstar rating. Therefore, this stock is good to own for long term investors.