NFU Mutual, a U.K. rural insurer, has implemented BillingCenter, a Web-based system designed to help insurers manage agent commissions; automate the billing lifecycle; design flexible billing, payment and delinquency plans; and enable rapid integration with external payment systems. BillingCenter was developed by Guidewire Software, a global provider of solutions to general insurers.
BillingCenter manages premium billing and collection processes and agency commission payments across NFU Mutual’s motor, personal and commercial business lines, says Guidewire, adding that the system enables NFU to streamline the payment collection process, reduce manual activities and simplify premium reconciliation.
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