Toronto, ON – June 2, 2011 — The Dominion, one of Canada’s largest property and casualty insurers, is pleased to announce that they have officially launched new business submission using Brovada’s NexExchange product suite.
Beginning in May 2011, brokers have the capability to send Personal Lines Automobile new business directly from their broker management system in real time using CSIO XML standards. A second release for Personal Lines Property is scheduled to be delivered by the end of third quarter 2011.
The solution will provide brokers with a streamlined upload workflow whereby data is extracted from the Broker Management System (BMS), validated for accuracy and completeness and submitted directly to The Dominion’s Policy Administration System. Any errors or omissions are dealt with on a single, intuitive form making the solution fast and easy to use.
“This is a once and done submission process that will ultimately improve efficiency, convenience and accessibility; making it a superior alternative to other methods of submitting new business,” says Steve Whitelaw, The Dominion’s Senior Vice-President, Personal Lines and Business Solutions.
Brovada’s NexExchange portal-alternative is an award winning solution that provides turn-key connectivity. This allows brokers and carriers to interact in an automated fashion while providing enough flexibility to address the complexities of the policyholder’s needs. NexExchange provides an �out of the box’ solution for accepting inbound CSIO data streams, normalizing those streams, transforming and validating data, serving end-user data forms and feeding carrier backend systems.
“This strategic investment by The Dominion takes into account the brokers’ demand for a portal free approach,” says Karl Greenlaw, Founder and CEO of Brovada Technologies. “NexExchange’s portal alternative module eliminates the onerous page-navigation and data-rekeying that traditional portals suffer from. By utilizing NexExchange’s streamlined approach The Dominion executes on its commitment to the broker channel.”
About The Dominion
Canadian owned and operated since 1887, today The Dominion is one of the country’s largest property and casualty insurers. The Dominion takes pride in providing Canadians with confidence that the cars, homes and businesses they value are protected. A fierce advocate for consumer interests, The Dominion is committed to making sure the insurance system works best for consumers. The Dominion strongly believes consumers should have access to independent, professional advisors, who provide advocacy and choice, which is why they distribute their products exclusively through independent brokers. The Dominion’s priority is to earn and maintain the trust and loyalty of policyholders, employees and business partners. Visit thedominion.ca.
Brovada is a software provider specializing in business process integration, system conversions, legacy system integrations, and broker connectivity. 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. Brovada’s products result in substantial ROI for existing systems by harnessing their existing business logic and by supplementing them with needed functionality in a cost effective manner. Brovada has offices in Toronto, Moncton and Saint John, NB. For more information please visit www.brovada.com.