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TWIA Chooses Guidewire

The Texas Windstorm Insurance Association (TWIA) has selected Guidewire Software's Billing Center solution.

The Texas Windstorm Insurance Association (TWIA; Austin, Texas) has selected San Mateo, Calif.-based Guidewire Software's BillingCenter solution to replace its existing billing capabilities, which are currently provided by the company's policy administration system.

"Separating the billing functionality from our policy administration system will provide us with the foundation to better tailor our billing operations and focus our efforts on providing the best possible service to our policyholders and agents," Susan Renshaw, chief financial officer, Texas Windstorm Insurance Association, said in a press release.

TWIA, an insurer of last resort established by legislative mandate for windstorm and hail coverage for Texas gulf coast property owners, will look to BillingCenter to deploy direct bill functionality to automate policy renewal billing and agency bill functionality to better manage agent commissions, according to Guidewire.

In addition, the solution could enable TWIA to streamline renewal billing, reduce development expenses associated with direct billing and configure system changes with in-house IT staff.

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