(Toronto, ON: September 6, 2007) Brovada Technologies is pleased to announce that The Economical Insurance Group has chosen to provide its broker partners with Commercial Quoting and Binding functionality via Brovada�s nexQuote Solution, the first non-vendor specific commercial comparative rating tool.
This integration will allow Economical�s broker partners to quote as well as bind new commercial business to their brokerEXPRESSTM web portal without any re-keying of data.
�The Economical Insurance Group recognizes the importance of integration tools and we are pleased to make Brovada�s nexQuote solution available to our broker partners,� said David Crozier, Vice President, Commercial Insurance with The Economical Insurance Group.
�We are excited to work with The Economical Insurance Group to provide their broker partners a comparative quoting and binding solution,� states Michael Wright, Vice President of Business Development for Brovada. �We will continue to work diligently with insurers to develop leading edge solutions that will enhance brokerages ability to compete.�
nexQuote will be available to brokerages across Canada in the Fall of 2007.
About Brovada Technologies
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. Brovada partners with industry leaders such as Zycomp and Keal to enhance its industry knowledge and to gain greater acceptance. www.brovada.com.
About The Economical Insurance Group
The Economical Insurance Group, founded in Waterloo, Ontario in 1871, is one of the largest property and casualty insurers in Canada with $1.9 billion in premium volume and $4.1 billion in assets. Canadian owned and operated, The Group provides a wide range of insurance products throughout North America. Members of The Group are Economical Mutual Insurance Company (including the Western General Farm Division), Waterloo Insurance Company, Perth Insurance Company, The Missisquoi Insurance Company, Federation Insurance Company of Canada, Family Insurance Solutions, The Mattei Companies and TEIG Holding Company Inc. www.economicalinsurance.com.