Commercial Lines Data to be Electronically Exchanged with Straight-Through Processing between The Dominion and Policy Works Inc.
October 7, 2011 by Canadian Underwriter magazine
Policy Works Inc. is pleased to announce it has entered into an agreement with The Dominion of Canada General Insurance Company (The Dominion) to deliver a commercial lines data exchange solution for small Commercial business, integrating Policy Works’ Commercial Management System (CMS) and The Dominion’s Commercial systems. This solution offers no-touch, straight-through processing in real time, enabling brokers to send submissions to and receive quotations from The Dominion electronically, all while staying within the Policy Works desktop environment.
“The Dominion’s E-CLIPS portal is a market leading self-serve insurance broker solution, for small Commercial business,” said Linda Regner Dykeman, Senior Vice President Commercial Lines at The Dominion. “Implementation of the straight-through data integration technology for E-CLIPS will further differentiate us in the marketplace and enable brokers to transact Commercial quotes without ever leaving their Policy Works desktop. This is aligned with the data integration objectives of our broker partners at the Insurance Brokers Association of Canada (IBAC) and ORBiT – focusing on increased efficiency and profitability, reduced costs and increased sales.”
“It’s very exciting to work with a partner like The Dominion,” states Kevin Campbell, President, Policy Works Inc. “Our broker network has been quite vocal in its desire to see The Dominion added as a data exchange partner. The Dominion shares our enthusiasm for streamlining the independent broker distribution channel at the desktop level, and we look forward to offering this solution to our brokers.”
The integration is expected to be completed by the fall of 2012. The Policy Works Certified Data-Exchange Partner (CDEP) program ensures that commercial data is exchanged between insurers and Policy Works in an accurate, reliable, and secure manner. Policy Works Inc. and all CDEP partners are committed to working with the CSIO standards.
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