April 25, 2011 by Canadian Underwriter
Iter8 Inc. has launched a new broker portal for North Waterloo Farmers Mutual Insurance Company.
The portal provides automated underwriting at the point of sale, enabling straight-through processing and real-time quoting and new business submissions for auto products.
The portal is part of a multi-phase strategy that North Waterloo is undergoing to improve connectivity with its broker partners.
The next phase will enhance the depth of functionality and subsequent phases will add lines of business to the portal, according to an iter8 press release.
“We made a multi-year commitment to effectively collaborate with our brokers using modern, innovative technology solutions,” said Carlos Rodrigues, North Waterloo’s president and CEO. “Our brokers want real-time upload from the broker management systems combined with a modern portal, and that is perfectly aligned with our vision.”
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