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The Economical, Policy Works to introduce round-trip, commercial data exchange


May 7, 2009   by Canadian Underwriter


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The Economical Insurance Group (TEIG) has entered into an agreement with Policy Works Inc. to deliver a commercial lines data exchange solution between the Policy Works Commercial Management System (CMS) and TEIG’s brokerEXPRESS Web-quoting facility.
Expected to be completed in Summer 2009, the integration of TEIG’s brokerEXPRESS quoting site with Policy Works is intended to provide TEIG’s brokers with round-trip data exchange capability.
The integration would allow TEIG brokers to upload commercial lines risk and rating detail directly from Policy Works into brokerEXPRESS and download quotations back into Policy Works.
“This will reduce double entry of data and significantly improve response times on new business, effectively enabling brokers’ to deliver better overall customer service,” TEIG says in a press release.
The Policy Works Certified Data-Exchange Partner (CDEP) program will help ensure commercial data is exchanged between insurers and Policy Works in an accurate, reliable, and secure manner.
Policy Works Inc. and all CDEP partners are committed to working with the CSIO standards, says the release.