iter8 technology used to integrate brokers in real-time
February 2011: iter8 Inc., an insurance solutions software developer, is pleased to announce that York Fire and Casualty Insurance (York) has extended real-time broker connectivity using collabor8.
York relies exclusively on their independent broker channel, and has introduced a continual stream of technological innovations in order to facilitate broker’s ease of doing business. In this recent phase, York has provided real-time processing of inquiry, new business and endorsement transactions for brokers using Keal, CIM-Data and PowerBroker broker management systems.
York offers their independent brokers a choice in how they transact business. The broker’s options have now been expanded with another mechanism for real-time interaction with the direct integration of PowerBroker, CIM-Data and Keal broker management systems to the York portal.
collabor8, the technology solution used to deliver full carrier and broker integration, receives the uploaded information from the broker management systems, applies York’s underwriting rules, criteria and edit capabilities, and integrates with their Policy Administration System, OPUS.
Martin Delage, York’s President and COO, commented, “We understand the competitive market our brokers face and we are firmly committed to finding “ease of doing business” solutions to help them successfully compete and grow their businesses.” He added, “It is an absolute priority within York to listen to our Broker Partners and provide them with technology tools that are easy to use and assist them in serving their clients.”
York Fire & Casualty Insurance Company was founded in 1955 and since October 2008 is a subsidiary of La Capitale General Insurance, a major property & casualty insurer ranking amongst the top five largest in Quebec. From its head office in Mississauga, Ontario, York offers insurance to protect consumers’ homes, cars and businesses. As of March 2009, York has expanded its product lines to include surety products in both the contract surety and commercial surety markets. York distributes its products through a network of brokers throughout Ontario and strongly believes in the value that an independent broker brings to the insurance transaction. York is committed to working with brokers to preserve and strengthen their role in the distribution of Property & Casualty products in Canada.
iter8 Inc. is a software solutions provider to the Property and Casualty Insurance Industry, its products designed to increase profitability by solving problems – centered on Agent Portals, Agent Connectivity and Underwriting Operating Excellence – through smart innovation and proven expertise in both the insurance business and in technology, implementation, and service.
A dynamic, creative company, iter8 has a track record of successfully streamlining insurance processes, improving time-to-market, and saving companies money.
For more information, please visit http://www.iter8.com/.