Waterloo, ON � The Economical Insurance Group� (TEIG�) is pleased to announce the implementation of daily download and full quoting functionality for Individually Rated Commercial Auto (IRCA) business.
Brokers using Power Broker (Zycomp Systems Limited) or The Broker�s Workstation (Customer Software Solutions Inc.) will soon see policy data automatically updated in their BMS using CSIOnet download. Benefits of this Broker Connectivity initiative include increased data accuracy and quality, workflow streamlining and decreased duplicate entry. To deepen the benefit brokers will derive from the enhanced service, TEIG will also include Commercial Vehicle Supplement (CVS) data along with standard data common to private passenger vehicles in the download.
The Waterloo-based carrier has partnered with Compu-Quote Inc. on its initiative to bring full IRCA quoting to brokers via their AutoRater� product. The Compu-Quote offering works in conjunction with the current Commercial Quick Quote Module, but is enhanced to enable the gathering of additional IRCA specific underwriting and rating data. The quoting application enables quoting for additional classes and for expanded policy coverages and limits. It also offers expanded endorsements and policy forms.
�This is another step forward in Broker Connectivity,� said Jorge Arruda, TEIG senior vice president for operations. �We�re continually striving to provide solutions for both personal and commercial lines. The implementation of full daily download and quoting for IRCA demonstrates our commitment to simplify broker workflow and strengthen relationships with our broker partners.�
IRCA download is part of TEIG Connex Suite�, a network of technology solutions designed to support and enhance broker workflow.
About The Economical Insurance Group
Founded in 1871, The Economical Insurance Group� (TEIG�) is one of Canada�s leading property and casualty insurers, with $4.6 billion in assets and a surplus exceeding $1.1 billion. Canadian owned and operated, TEIG provides a wide range of insurance products throughout North America. TEIG Member Companies include Economical Mutual Insurance Company� (including Western General� Farm Division), Waterloo Insurance Company�, Perth Insurance Company�, The Missisquoi Insurance Company�, Federation Insurance Company of Canada�, Family Insurance Solutions and The Mattei Companies. www.economicalinsurance.com.