regul8 will provide IBC and RSP reporting through integration with Guidewire Insurance suite
May 2012: iter8, an insurance solutions software developer, is pleased to announce that Canadian Automobile Association South Central Ontario (CAA) has chosen to use regul8 as their statistical reporting solution for IBC and RSP reporting, addressing Automobile and Ontario Statutory Accident Benefits.
CAA has a long-standing history as an innovative leader committed to meeting and exceeding the needs of Canada’s motoring and travelling public. For over 100 years, CAA has been providing peace of mind and value to our members.
The legacy systems at CAA have statistical reporting components built-in that must be replaced and modernized with the implementation of a new Policy Administration System. The search for a new modern solution led CAA to iter8, the leader in statistical reporting solutions.
“Choosing to work with iter8 made sense for CAA,” said Robin Joshua, Director, Corporate Underwriting & Risk Management. “We sought a solution that was proven; one that would meet all our needs for accuracy, timeliness, and completeness. regul8 perfectly fit the bill. In addition the staff at iter8 is uniquely experienced with Canadian regulatory reporting having done numerous regul8 implementations integrating to a variety of policy management systems.”
The project will begin immediately with the completion targeted for year-end 2012. Integration to the new Policy Administration System, Guidewire PolicyCenter®, has begun, and the pre-built templates and UI for regul8 are being configured to extract, transform, edit, correct and store data.
“We are very pleased to begin work with CAA and Guidewire,” said Glen Piller, President of iter8. “regul8 will allow them to sleep easy, knowing we are overseeing the current and future needs of their stat reporting. regul8 addresses all current IBC and RSP requirements, while the regul8 support program ensures future changes and updates will also be addressed.”
iter8 Inc. is a software solutions provider to the Property and Casualty Insurance Industry, its products designed to increase profitability by solving problems through smart innovation and proven expertise in both the insurance business and in technology, implementation, and service.
A dynamic, creative company, and market leader in the Canadian market, iter8 has a track record of successfully streamlining insurance processes, improving time-to-market, and saving companies’ money.
CAA South Central Ontario is a not-for-profit auto club offering insurance, travel, automotive care and roadside services. There are more than 1.8 million CAA members in South Central Ontario and 5 million members in Canada. We’re more than Roadside Assistance. We’re Life-side Assistance.
Visit www.caasco.com.Tags: CAA, CAA South Central Ontario, Guidewire, iter8, Robin Joshua