Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
Property/Casualty (P/C) insurers, today announced that Texas Mutual
Insurance Company (Texas Mutual) has selected Guidewire PolicyCenter® as
its new underwriting, rating, and policy administration system and
Guidewire BillingCenter® to manage its billing operations, including
agency and direct bill and commissions calculation. Texas Mutual has
also selected Guidewire Client Data Management™.
After successfully deploying Guidewire ClaimCenter® in early 2014, Texas
Mutual will now be implementing PolicyCenter and BillingCenter in an
effort to streamline its policy and billing system infrastructure and
business processes. PolicyCenter and BillingCenter will provide Texas
Mutual with a more intuitive and configurable platform, and allow the
company to gain the flexibility required to remain competitive in an
evolving market.
“PolicyCenter and BillingCenter provide strong support for our
agent-driven workers’ compensation business,” said Stacie Feller, vice
president, Underwriting Systems, Texas Mutual. “Our experience with
ClaimCenter and the Guidewire team over the past several years and the
ability to implement a single insurance suite across multiple divisions
were key drivers behind our decision to standardize on Guidewire
InsuranceSuite.”
PolicyCenter and BillingCenter will enable Texas Mutual to:
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Improve service levels for customers and brokers due to increased
operational efficiencies;
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More easily and quickly implement system changes; and
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Leverage a modern platform to consolidate and standardize account
management and billing systems and handling processes.
“PolicyCenter and BillingCenter provide the foundational technology that
is critical to our growth and flexibility,” said Terry Buchheit, vice
president, Application Services, Information Technology Division, Texas
Mutual. “With Guidewire, we are well-positioned to meet our current and
future business and IT goals.”
“We are excited to welcome Texas Mutual as a PolicyCenter and
BillingCenter customer and to extend our relationship with them,” said
Dan Gordon, vice president, Product Strategy, Guidewire Software. “We
admire Texas Mutual’s dedication to strategically growing their business
and transforming their core systems and look forward to working with
them on this project.”
Guidewire PolicyCenter® is a flexible underwriting and policy
administration system that enables Property/Casualty insurers to grow
business profitably by improving efficiency, while responding with
agility to market opportunities and enhancing relationships with agents
and customers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front and back office processes,
from new business submission and quoting through policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire
InsuranceSuite™, and can be integrated to an insurer’s legacy systems or
third party applications.
Guidewire BillingCenter® is a comprehensive billing and receivables
management system built on the core design principles of automation,
control and flexibility. BillingCenter allows you to deliver insurance
your way by making it easier to automate the billing lifecycle; design
flexible billing, payment and delinquency plans; manage agent
commissions; and enable rapid integration with external payment systems.
BillingCenter is available as a standalone system or as part of
Guidewire InsuranceSuite™, and can be integrated to a Property/Casualty
insurer’s legacy systems or third party applications.
About Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company is the state’s leading
provider of workers’ compensation insurance. We are now at >39% of the
market and over 62,000 Texas businesses rely on us. Since 1991, the
company has provided a stable, competitively priced source of workers’
comp insurance for Texas employers. Helping employers minimize the human
and monetary consequences of workplace accidents is a key part of its
mission. For more information, please visit www.texasmutual.com.
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers
replace their legacy core systems and transform their business. Designed
to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 180 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
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NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, Deliver Insurance
Your Way, and the Guidewire logo are trademarks, service marks, or
registered trademarks of Guidewire Software, Inc. in the United States
and/or other countries.
Copyright Business Wire 2014