York Fire expands Gateway capabilities, using iter8 broker connectivity and automated exception-based underwriting solution, to include Property New Business and Auto Policy Change to complement the existing Auto New Business functionality
MISSISSAUGA, December 5, 2007 – York Fire and Casualty Insurance and iter8 Inc. are pleased to announce the expansion of the York Fire Gateway System. The Gateway System has long been one of the top broker connectivity solutions in Canadian insurance, connecting brokers to sales, service, underwriting, rating, policy, and claims systems at York Fire.
The new efforts extend this leadership position.
A goal of York Fire is to deliver Choice and Business Opportunity to brokers. Technology is a key enabler to meet this goal. iter8, a Canadian based software developer, has partnered with York Fire and through its suite of software applications has worked with York Fire to deliver broker connectivity and automated exception-based underwriting solutions.
A sub-set of Current Gateway functionality includes:
- Automobile New Business
- Billing Inquiry
- Claims Inquiry
- Personal Policy Inquiry
- Broker statements
Additions now include:
- Automobile Policy Update and Change
- Property New Business
For the first quarter of 2008, another major addition will include:
- Property Policy Change
The insurance broker is York Fire�s sole distribution channel. It represents the company�s face to consumers, and is an integral part of the company�s growth of well over 400% in the past 5 years. iter8 insurance software solutions are the technological solution chosen by York Fire to meet their needs for seamless, real-time connectivity. iter8 software automates and manages the sales, service and underwriting process. This includes broker connectivity solutions, automated exception-based underwriting, workflow management, underwriting rules management and third party data integration.
York Fire presents underwriting rules within the broker office, or the �point-of-sale�, via a web based interface. This provides information where needed, when needed, enabling right time decision making. Colin Simpson, President and CEO of York Fire commented, �We understand the competitive market our brokers face, and we are firmly committed to finding solutions to help them successfully compete and grow their businesses.� He added, �It is an absolute priority within York Fire to provide the technology necessary to help brokers compete against direct writers and affinity groups and win.�
Glen Piller, President of iter8 stated, �iter8 and York Fire have a long-term relationship that has produced significant accomplishments. York Fire uses technology that provides their brokers with the full capability to quote, bind, and service customers from their offices. York Fire is constantly looking at ways to streamline these activities, and extend them into new products and service areas.�
About York Fire
A subsidiary of Kingsway Financial Services Inc., York Fire was founded in 1955. From its head office in Mississauga, Ontario, York Fire is the ‘standard’ insurance arm of Kingsway Financial, and offers insurance to protect consumers� homes, cars and businesses through more than 200 brokers located throughout Ontario and Alberta. York Fire strongly believes in the value that an independent broker brings to the insurance transaction and is committed to working with brokers to preserve and strengthen their role in the distribution of Property & Casualty products in Canada. http://www.york-fire.com/
iter8 is a market leader in offering smart insurance solutions to increase competitiveness and profitability. Our innovative combination of strategy, rules and workflow helps insurers reach their goals faster. We have a track record of successfully streamlining insurance processes, improving time to market and saving company�s money. Founded in 1999, iter8 has implemented proven, functional automated exception-based underwriting (EBU), claims management and data management solutions for insurers ranging from leading multinational companies to highly profitable niche firms. http://http://www.iter8.com/