April 26, 2006 (Sooke, BC and Saint John, NB) Zycomp Systems Limited, a leading BMS provider in Canada, announced today they have formed a partnership with Brovada Technologies Inc. to make nexisys available to all Power Broker users.
Nexisys is a proven Single Entry Multiple Company Interface (SEMCI) that provides connections to over 25 insurance company systems for both Personal and Commercial lines of business. Nexisys� unique design allows brokers to realize productivity gains as high as 90%. Non-commission based transactions, such as policy change and inquiries are especially beneficial when processed using Nexisys. The average brokerage should be able to realize savings in the tens of thousands of dollars per year.
Zycomp�s decision solidifies the acceptance of Nexisys as the leading SEMCI solution available to brokers throughout Canada. With the addition of Zycomp Systems, Nexisys is now available to over 60% of the BMS market. Nexisys is currently distributed through an existing partnership with Keal Technology and is also made freely available to all other BMS providers throughout Canada. �Brovada is extremely pleased that Zycomp chose Nexisys, Power Broker users will now be able to attain substantial cost savings through the elimination of data duplication between broker and insurer systems.� says Karl Greenlaw, CEO of Brovada Technologies.
Zycomp Systems of Sooke, BC is a leading developer of computer management systems for Canadian insurance brokerages. The well known Power Broker product is currently installed in over 1,250 office locations, representing in excess of 1,000 brokerages located in every province across Canada. Right from inception, development was geared with the broker in mind by the insurance broker�s own input (through feedback and testing). The evolution of the product has produced the current result which remains easy and logical to use for the end user and keeps up with the continuing changes of the insurance industry. www.power-broker.com
Brovada is a data transformation company specializing in custom software solutions that are focused heavily on data integration and workflow acceleration. Brovada has extensive knowledge of the standards within the insurance sector and its expertise is often sought by leading insurers to expedite the transition of data between systems. Nexisys, Brovada�s flagship data integration solution is quickly becoming the SEMCI solution of choice for brokers because of its ability to supply cost reductions for transactions such as endorsements. Brovada is based in Saint John, NB and is currently expanding into the rest of Canada. Brovada partners with industry leaders such as Zycomp and Keal to enhance its industry knowledge and to gain greater acceptance. www.brovada.com.