March 1st, 2012 – The XML eDocs Standard is now available to all CSIO members. This standard provides the ability to transmit policy documents from insurers systems directly to broker management systems (BMS) using CSIOnet. It also allows brokers to store the transmitted documents automatically in their BMS without manual intervention.
Commenting on the release of this standard, Rick Orr, President of The Insurance Brokers Association of Ontario (IBAO) said “IBAO is pleased that the industry took a breath, stepped back and ensured that the standard is the best it can be. We are sure that Canadian insurers and vendors will embrace the standard and start building it to deliver efficiencies to both brokers and insurers.”
We encourage all insurers and broker management vendors to make this standard a development priority as the implementation of this standard will deliver workflow efficiencies for brokers.
Standard details can be found here.
About the Centre for Study of Insurance Operations (CSIO)
CSIO was founded in 1981 as an association of property and casualty insurance companies and their distributing brokerages. CSIO’s central mandate is to support industry standards enabling a competitive advantage for the independent broker distribution channel. Brokers are members of CSIO through the Insurance Brokers Association of Canada (IBAC). CSIO provides services nationally in both official languages and has offices in Toronto and Montreal. www.csio.com.