November 1, 2010 – Policy Works Inc. and SGI CANADA are pleased to announce the launch of the first-ever straight-through processing of commercial lines data between a desktop applicati” and an insurer�s underwriting system. With the release of Policy Works v2010.1, brokers are able to send submissions to, and receive quotations from, SGI CANADA’s underwriting system directly without ever having to leave their Policy Works desktop application.
“Policy Works fits with our overall strategy of making it easier for brokers to do business with us,” says Andrew Cartmell, President and CEO, SGI CANADA. “We have many innovative, progressive brokers who are constantly looking at ways to be more efficient in managing their commercial property business, including sending transactions directly to SGI CANADA without the traditional paper requests. Partnering with Policy Works creates the opportunity for us to accept real-time policy transactions from our brokers across Canada who have chosen to use Policy Works themselves.”
“Industry groups such as IBAC and ORBiT have been asking vendors and insurers to develop data exchange workflows that begin and end in the broker�s system”, explains Kevin Campbell, President, Policy Works Inc. “This integration offers pure no-touch processing, enabling brokers to send submissions and receive quotations electronically without a web portal, which means no new portal or system for SGI CANADA brokers to learn. We applaud SGI CANADA for their commitment to this vision of improving the independent broker distribution channel.”
The Policy Works – SGI CANADA CDEP integration is now available in the latest release of Policy Works. The Policy Works Certified Data-Exchange Partner (CDEP) program ensures that 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.
About SGI CANADA
SGI CANADA has been in business for more than 60 years, selling property and casualty insurance in seven Canadian provinces. It operates as SGI CANADA in Saskatchewan; SGI CANADA Insurance Services Limited in Alberta and Manitoba; Coachman Insurance Company in Ontario; and the Insurance Company of Prince Edward Island (ICPEI) in New Brunswick, Nova Scotia and Prince Edward Island. Visit SGI CANADA at www.sgicanada.ca. Saskatchewan Government Insurance (SGI) is the province’s self-sustaining auto insurance fund.
About Policy Works Inc.
Since 1992, Policy Works Inc. has been leading the development of Commercial Management Systems (CMS) for the Canadian insurance industry. Policy Works streamlines the commercial-lines workflow to manage the entire policy lifecycle efficiently and effectively. www.policyworks.com.