TWIA
- Company typePrivate
- Founded1971
- HeadquartersAustin, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
TWIA firmographics
Firmographics- Name
- TWIA
- Legal name
- Texas Windstorm Insurance Association
- Website
- https://twia.org
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Where TWIA is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TWIA business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: TWIA generates revenue through insurance premiums paid by policyholders for windstorm and hail coverage. TWIA does not receive tax revenue or any state funds. The Association's losses and operating expenses are paid from: premiums and other revenue; Catastrophe Reserve Trust Fund (CRTF); up to $1 billion in Class 1 public securities; up to $1 billion in Class 2 public securities; up to $500 million in Class 3 public securities; and reinsurance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Residential Property Coverage |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
TWIA product offering
Product offeringCore offering
TWIA (Texas Windstorm Insurance Association) is a not-for-profit residual market insurance company that provides windstorm and hail insurance coverage to residential and commercial property owners in the 14 first-tier Texas coastal counties and parts of Harris County who cannot obtain such coverage in the private market due to catastrophic hurricane risk. Policies cover wind and hail damage only and are distributed exclusively through independent Texas-licensed insurance agents.
Product overview
TWIA (Texas Windstorm Insurance Association) is a not-for-profit residual market insurance company offering wind and hail insurance to Texas coastal property owners. The company provides a cloud-based Agent Portal for insurance agents to submit applications, manage policies, process payments, and handle renewals; a Policyholder Portal for customers to manage policies and file claims; and a Claims Center for claims processing. TWIA also offers specialized endorsements including Replacement Cost Coverage (TWIA-802, TWIA-164), Additional Living Expenses (TWIA-311), and Increased Cost of Construction (TWIA-431, TWIA-432). The company provides WPI-8 Certificates of Compliance for windstorm building code compliance and manages depopulation programs to transfer policies to the private market.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind and Hail Insurance Core residual market windstorm and hail insurance coverage for residential and commercial property owners in the 14 first tier Texas coastal counties and parts of Harris County who cannot obtain such coverage from private carriers due to catastrophic hurricane risk.
- Agent Portal (Cloud-based) Cloud-based platform for Texas-licensed insurance agents to submit applications, manage policies, process payments, handle renewals and cancellations, access commission statements, and manage agency administration including user permissions and EFT setup.
- Policyholder Portal Online portal for policyholders to make payments, check payment status, view policy details and coverages, report claims, access claims information, and manage policyholder information.
- Claims Center Online platform for reporting claims, checking claim status, uploading documents, and communicating with claims examiners.
- WPI-8 Certificates of Compliance (WPI-8, WPI-8-E, WPI-8-C) Certificates certifying compliance with applicable windstorm building codes, issued by Texas Department of Insurance (TDI) or TWIA, required to establish property eligibility for TWIA coverage.
- Replacement Cost Endorsements (TWIA-802, TWIA-164) Optional endorsements providing replacement cost coverage on residential (TWIA-802) and commercial (TWIA-164) policies, allowing recovery of depreciation after repairs or replacement are completed.
- Additional Living Expenses (ALE) Endorsement (TWIA-311) Endorsement reimbursing policyholders for additional necessary and reasonable housing and living costs when their primary residence is uninhabitable due to a covered wind or hail loss.
- Increased Cost of Construction (ICC) Endorsements (TWIA-431, TWIA-432) Endorsements for residential (TWIA-431) and commercial (TWIA-432) policies that pay additional costs to upgrade repair methods or materials to comply with updated building ordinances and laws.
- Commercial Replacement Cost Calculator Standalone tool at twia.msbcommercial.com for calculating commercial property replacement cost estimates, using MSB (Marshall Swift/Boeckh) data.
- Depopulation Programs Programs that transfer TWIA policies to participating private insurers, including the Assumption Reinsurance Depopulation Program and the Voluntary Market Depopulation Program, providing policyholders with alternative private-market coverage options.
- WPI-8 Certificate Lookup Online search tool for locating Certificates of Compliance (WPI-8/WPI-8-E) issued by the Texas Department of Insurance via the TDI database.
Companies that use TWIA
Customer profileSegments3 records
Ideal customer profiles3 records
TWIA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
TWIA partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor.
- Safepoint Insurance CompanyminorParticipating in Assumption Reinsurance Depopulation Program Round 2 (2017-2018).
- Maison Insurance CompanyminorParticipating in Assumption Reinsurance Depopulation Program Round 1 (2016-2017). This depopulation program allows participating insurers to assume TWIA policies.
- United Property & Casualty InsuranceminorParticipating in Assumption Reinsurance Depopulation Program Round 1 (2016-2017).
- Weston Property & Casualty Insurance CompanyminorParticipating in Assumption Reinsurance Depopulation Program Round 1 (2016-2017).
- The Woodlands Insurance CompanyminorParticipating in Assumption Reinsurance Depopulation Program Round 1 (2016-2017).
- American Capital Assurance CorpminorParticipating in Voluntary Market Depopulation Program, which allows insurers to make offers on TWIA policies one at a time at policy renewal.
- Cypress Texas Insurance CompanyminorParticipating in Voluntary Market Depopulation Program.
- State National Insurance Company, IncminorParticipating in Voluntary Market Depopulation Program.
- USAAminorParticipating in Voluntary Market Depopulation Program.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
TWIA competitors and assessment
Company assessmentDirect peers
- Citizens Property Insurance Corporation: Florida's legislatively-created residual-market property insurer of last resort, covering wind and other perils for coastal properties the private market will not insure. Directly comparable to TWIA as a state-level safety-net mechanism with similar assessment-based funding and depopulation objectives.
- Louisiana Citizens Property Insurance Corporation: Louisiana's state-created residual-market property insurer, providing wind and other coverage in coastal parishes where private carriers withdraw. Closely comparable to TWIA as a Gulf-coast residual mechanism with statutorily defined funding and rate-setting authority.
- California FAIR Plan Association: California's legislatively-established residual-market property insurer offering basic fire and extended-coverage in high-risk areas private carriers decline. Comparable to TWIA as another state-level FAIR-style mechanism, though focused on fire rather than wind.
- Texas FAIR Plan Association: The Texas companion residual-market insurer explicitly cited in TWIA's filings as operating alongside TWIA to provide non-wind property coverage across the state. The closest direct peer given joint domicile and complementary peril coverage.
- North Carolina Insurance Underwriting Association (Beach Plan): North Carolina's coastal residual-market wind and hail insurer. Directly comparable to TWIA in peril (wind/hail only), coastal geography, and statutory mechanism for serving high-hazard coastal property owners.
- New Jersey Insurance Underwriting Association: New Jersey's residual-market basic property insurance association providing wind-only and other coverage in coastal areas. Mirrors TWIA's model of state-legislated wind-only coastal safety-net coverage.
- Massachusetts Property Insurance Underwriting Association: Massachusetts' coastal residual-market mechanism providing wind-only and other property coverage where the private market will not write. Comparable as a state-legislated coastal wind specialist analogous to TWIA.
- State National Insurance Company: Named TWIA Voluntary Market Depopulation Program partner actively offering take-out policies on TWIA book. Directly comparable as a participating private carrier that absorbs TWIA residual-market risk in coastal Texas.
Broad incumbents
- USAA: Large national P&C carrier and named TWIA Voluntary Depopulation Program partner. Comparable to TWIA in coastal P&C underwriting and as a participant in TWIA's depopulation mechanism.
- Allstate: Large national P&C carrier with significant coastal property exposure and a depopulation relationship via State National (a subsidiary). Provides broad incumbent comparison and competing private coverage in TWIA's coastal geography.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
TWIA social profiles
Digital presenceTWIA financial estimates
Financial estimateRevenue estimate
Valuation estimate
TWIA leadership team
Management profileNumber of profiles
Profiles2 records
TWIA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TWIA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TWIA
What does TWIA do?
TWIA (Texas Windstorm Insurance Association) is a not-for-profit residual market insurance company that provides windstorm and hail insurance coverage to residential and commercial property owners in the 14 first-tier Texas coastal counties and parts of Harris County who cannot obtain such coverage in the private market due to catastrophic hurricane risk. Policies cover wind and hail damage only and are distributed exclusively through independent Texas-licensed insurance agents.
Is TWIA a public or private company?
TWIA is a private company. It is classified as state government owned and is currently operating.
When was TWIA founded?
TWIA was founded in 1971. It employs 251 to 500 people.
Where is TWIA based?
TWIA is headquartered in Austin, United States, in the North America region.
How does TWIA make money?
One revenue line is on record: insurance Premiums.
Who are TWIA's main competitors?
Direct peers on record are Citizens Property Insurance Corporation, Louisiana Citizens Property Insurance Corporation, California FAIR Plan Association, Texas FAIR Plan Association, North Carolina Insurance Underwriting Association (Beach Plan), New Jersey Insurance Underwriting Association, Massachusetts Property Insurance Underwriting Association and State National Insurance Company. Broad incumbents are USAA and Allstate.
Does TWIA have an API?
No public API is recorded for TWIA.