August 14, 2017 by Canadian Underwriter
The Centre for Study of Insurance Operations (CSIO) announced on Monday a video explaining digital proof of auto insurance (eSlips) to consumers and said it expects the solution by year-end.
In June, the association announced what it called “an industry solution for the digital delivery of proof of auto insurance cards, or eSlips.” The product, in collaboration with CSIO’s carrier and broker members, leverages mobile digital wallets common to Apple, Android and Windows smartphones – “the same technology that 57% of Canadians already use today to store boarding passes, event tickets, loyalty cards and credit cards,” CSIO said in a press release on Monday.
“We are excited to work with our members, including Gore Mutual, Northbridge Insurance, RSA Canada, and a number of brokerages on developing this eSlips solution for the P&C industry,” Catherine Smola, CSIO president and CEO, said in the release. “eSlips will provide members with an easy, accessible way to meet consumers where they are today – on their mobile devices.”
Benefits of the solution include the following:
CSIO is Canada’s industry technology association of property and casualty insurers, software providers and over 36,000 brokers. CSIO helps improve 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, Telematics, eDelivery, eSignatures and eSlips. In addition, CSIO operates CSIOnet, a secure, industry-owned platform for the efficient exchange of policy information for the broker channel. CSIO maintains offices in Toronto and Montreal.