Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, today announced that it has been recognized in the Challengers quadrant in Gartner, Inc.'s "Magic Quadrant for P&C Core Platforms, North America¹" for InsuranceNow. InsuranceNow is a cloud-based, all-in-one solution that supports the P&C insurance lifecycle. The report can be viewed here.

"Gartner has observed an impressive shift in the adoption of cloud-based deployment models. Among the new customer wins for platform solutions in 2015, 55% were for cloud-based deployments. This percentage grew in 2016 to 61%," wrote Jeff Haner, a Gartner research director, and author of the report.

"We are pleased that Guidewire InsuranceNow™ has been positioned as a challenger by Gartner in its Magic Quadrant for P&C Core Platforms, North America," said Andy Scurto, head of products, InsuranceNow, Guidewire Software. "We believe this report is confirmation of the increasing desirability of cloud deployment options for insurers who would like the freedom to focus on innovation and respond rapidly to market demands, while also simplifying IT."

The report evaluated 15 vendors in the P&C core platform market in North America that qualified for inclusion. Guidewire was also recognized as a leader for InsuranceSuite based on its ability to execute and completeness of vision.