Policy Works and SGI Canada enable straight-through processing of commercial lines

Policy Works Inc. and SGI Canada have enabled straight-through processing of commercial lines data between a desktop application and an insurer’s underwriting system.
Policy Works v2010.1 is the first mechanism to achieve this, a Policy Works release says.
Brokers are able to send submissions to, and receive quotations from, SGI Canada’s underwriting system directly without ever having to leave their Policy Works desktop application, according to a company release.
“We have many innovative, progressive brokers who are constantly looking at ways to be more efficient in managing their commercial property business, including sending transactions directly to SGI Canada without the traditional paper requests,” said Andrew Cartmell, president and CEO, SGI Canada.