Lanark chooses Brovada for broker connectivity

Toronto, ON � April 18, 2012 � Lanark Mutual Insurance Company has chosen Brovada’s NexExchange and NexCenter product suites to provide real-time inquiry and new business upload capabilities to their brokers.

“We are excited to be taking cutting edge steps towards real-time transactions for our brokers,” said Jack Taylor, President and CEO of Lanark Mutual. “Working with Brovada will give our company the technology and efficiencies needed to remain competitive.”

Lanark will start implementing policy, billing, and claims inquiry in early May with new business upload to follow as a subsequent phase.

“We’re happy to welcome Lanark into the Brovada family”, said Charles Samolczyk, Vice President of Insurer Sales for Brovada. Lanark is the fourth farm mutual insurance company to sign with Brovada in the past six months.

NexExchange is Brovada’s carrier-side software solution that provides a web service interface to a carrier’s PAS (policy administration system). NexCenter is a client application that provides connectivity between the broker’s BMS (broker management system) and an insurer’s system/portal.

About Lanark

Lanark Mutual is a policyholder owned and directed, community based company providing cost effective property, auto, liability and farm insurance products to rural Eastern Ontario.

About Brovada

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. 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.