Compu-Quote Announces Release of Quoting for Individually Rated Commercial Automobiles
October 5, 2010 by Compu-Quote Inc.
Windsor, Ontario, September 21, 2010 – Compu-Quote is very proud to announce that beginning in October in Ontario, a quoting module for Individually Rated Commercial Automobile (IRCA) will be deployed via AutoRater™ to brokers with rates for a number of prominent insurers such as, Economical Mutual Insurance, Intact Insurance, Aviva Canada and Axa Insurance.
“Traditionally, full underwriting and rating software products for commercial lines have not been widely available,” said James Nickelo – Senior Vice-President for Compu-Quote. “This is an extremely exciting and active market so we needed to provide the brokers with effective tools. To that end, we worked with some of the most prominent insurers in Canada to develop a tool that is efficient and fits the brokers’ workflow.”
About the IRCA Quoting Application
The IRCA Quoting Application is an easy to use web-based module embedded in AutoRater that is designed to provide full underwriting and simultaneous, comparative quoting for multiple IRCA rate plans in a given province.
The IRCA Quoting Application will work in conjunction with the current CQ Commercial Quick Quote Module but is enhanced to the permit the gathering of additional IRCA specific underwriting and rating data. The IRCA Quoting Application will provide for quoting for additional classes, allow for expanded policy coverages and limits and offer expanded endorsements and policy forms.
Furthermore, the IRCA Quoting Application will provide additional functionality for the broker such as application and form printing (CSIO Application and the Commercial Vehicle Supplement) and the bi-directional transfer of data (CQ Integration) between the IRCA Quoting Application and the broker’s broker management system.
Brokers, insurers and interested industry personnel are invited to visit our web site to learn more about our series of related training seminars scheduled for October and November.
About Compu-Quote
Since 1983, Compu-Quote has been Canada’s leader in the underwriting and rating software & related services. A pioneer in the industry, that continues to deliver innovative solutions for insurance companies, brokers, actuaries and providers of insurance products for consumers through the web. Compu-Quote integrates with third party data providers, as well as Canada’s leading broker management systems and company mainframe technology.
For additional information please contact your Compu-Quote Representative
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Philippe Joassin &n
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Vice-President, Sales & Business Development
Toll Free: (800 265-0808 (x4424) Email: pjoassin@compu-quote.com
James Nickelo
Senior Vice President
Toll Free: (800) 265-0808 (x4301)
Email: jnickelo@compu-quote.com
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