September 13, 2018 by CSIO (Centre for Study of Insurance Operations)
TORONTO, ON September 13, 2018 /insPRESS/- Workers at Canada Post may go on strike as early as September 26, causing immediate and widespread disruption to businesses and consumers – including the insurance industry and its insureds.
In the event of a strike or lockout, all mail operations would come to a stop – including the delivery of insurance documents to consumers. This service disruption has the potential to severely impact the insurance industry, which has only recently become focused on digital transformation.
With less than two weeks to go before a potential disruption, Brokers should plan ahead to make sure their businesses are ready:
Brokers have an opportunity to protect consumers from disruption by adopting one of the many services that exist to provide digital proof of auto liability insurance – from simple and easy options like email or CSIO’s My Proof of Insurance eDelivery solution, to complex consumer portals or mobile apps. Sending eSlips to your customers means they will receive their proof of auto insurance securely and without delay. Proactively signing up for eDelivery means your brokerage will be ready if a strike occurs.
Providing a digital experience
The strike provides an opportunity for brokers to ask customers to update their contact information with their email addresses and to switch to paperless policy documents and payment options. Increasing your digital touchpoints increases the ease of doing business for both brokers and customers.
“Brokers need to be prepared to offer digital alternatives to their clients,” says Catherine Smola, President and CEO of CSIO. “Today’s consumers want service to be instant and at their convenience. Asking clients to take time from their schedule to pick up paper documents and pink slips is not the ideal experience they expect.”
My Proof of Insurance is available to CSIO members at no additional cost, features a fast setup process and integrations with many BMS vendors. Sign up now to minimize disruption to your business and customers in case of a strike. Learn more and activate your account at www.csio.com/edelivery.
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About Centre for Study of Insurance Operations (CSIO)
CSIO is Canada’s industry association of property and casualty insurers, software providers and over 36,000 brokers. CSIO is committed to improving the consumer’s ease of doing business within the broker channel by overseeing the development, implementation and maintenance of technology standards and solutions such as eDocs, eDelivery and eSignatures. In addition, CSIO operates the industry-owned mail network service, CSIOnet. CSIO maintains offices in Toronto and Montreal. For more information, visit csio.com.
For further information, please contact: