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Guidewire vs Velocity: Which is a better fit?

Updated on January 5th, 2025
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Summary
Features in P&C Insurance
14
Best performer
40
  • Reinsurance Administration
  • Reporting/Analytics
  • Third-Party Integrations
14
40
  • Activity Dashboard
  • Contact Management
  • Reminders
User satisfaction
3.1
User reviews16
Ease of use
3.3
Functionality
3.3
Value for money
3.1
Customer support
3.8
4.1
User reviews15
Ease of use
3.5
Functionality
4.1
Value for money
4.1
Customer support
4.4
Price starts from
Yearly subscription
Free version
Free trial
One-time payment
Free version
Free trial
Best for

Property and casualty insurers

P&C MGAs, MGUs, Program Administrators, Wholesalers, Specialty Retailers, Small Carriers

User reviews
pros & cons
1 / 4
View Reviews
1 / 3
View Reviews
Video reviews
video-c907b8b1-e431-4b20-40de-08d9fd71ef25
Beth K
Financial Advisor
1.0

Beth K.: My name is Beth. I'm a Senior Business Consultant. I'm reviewing Guidewire and I would give it an F minus or a one rating, and for more reviews like this, you can click below. Horseman, who I worked for, implemented Guidewire, and unfortunately it's not done yet. Consequently, you can't access any of your data, you can't log on. It killed all user codes and passwords. All the invoices and sales numbers are wrong. All the payment numbers are wrong. All the access for the client for the files are gone, wrong, and nobody at customer service can help you, and then they see different numbers than we're sending out on the invoice. So I've never really seen anything work worse, or be implemented more disastrously for both the clients and for the users. I don't like anything about Guidewire, and it's very, very, very detrimental if you're in sales and you're trying to use it for your client and for client servicing and particularly for invoicing and payments. Nothing positive to say. I don't know who did the implementation of Guidewire, whether it was the user, the company themselves or Guidewire was involved in it, but having installed systems for 40 years now, if you're counting, I've never seen anything so bad in my life. Be very, very, very careful if you're looking at this software, and find out how to install it and who's going to do the installation and verify that you still have your old system available to you and do not rely on the new system until it is perfect.

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Guidewire

14/40
  • Accounting
  • Activity Dashboard
  • API
  • Audit Trail
  • Case Management
  • Claims Settlement
  • Contact Management
  • Customer Database
  • Customizable Branding
  • Customizable Reports
  • Data Import/Export
  • Digital Signature
  • Document Imaging
  • Electronic Payments
  • For Homeowners Insurance
  • Forms Management
  • Insurance Eligibility Verification
  • Insurance Management
  • Marketing Automation
  • Real-Time Data
  • Reminders
  • Risk Assessment
  • Secure Login
  • Task Management
  • User Management
  • Workflow Management
  • Billing & Invoicing
  • Broker/Agent Portal
  • Claims Management
  • Commission Management
  • Customer Portal
  • Document Management
  • Insurance Policy Management
  • Insurance Rating
  • Property & Casualty
  • Quotes/Estimates
  • Reinsurance Administration
  • Reporting/Analytics
  • Third-Party Integrations
  • Underwriting Management
See All features
Hide P&C Insurance Software Features -

Velocity

14/40
Show P&C Insurance Software Features +

Guidewire

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Velocity

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Guidewire
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Velocity
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Guidewire
  • By Guidewire Software
  • Located in United States
  • Founded in 2001
Velocity
  • By VRC Insurance Systems
  • Located in United States
  • Founded in 1986
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