CSIO recognizes members for innovative use of its standards

The Centre for Study of Insurance Operations (CSIO) held its Annual General Meeting at One King West Hotel in Toronto on May 29, 2012. During the event, Catherine Smola, CSIO President, presented the 2011 CSIO Annual Achievement Award which recognizes a member for the most innovative use of CSIO Standards for the benefit of the broker distribution channel. The nominations are judged by the CSIO Board of Directors.

This year, five nominations were received with the winning nomination awarded to a collaborative team consisting of Unica Insurance Company, Keal Technology, iter8 Inc., and Bowman & Gibson Insurance Ltd.

“Keal Connect moves policy data from the Broker Management System (BMS), sigXP, directly to Unica’s system with no third party assistance maximizing the time and efficiency of all Unica and Keal brokers,” states Bryan Bedford, Senior Analyst for Unica Insurance. “This data transfer is accomplished using CSIO standard XML data in real-time.”

According to Smola, “The CSIO Achievement Award is intended to publicly acknowledge one of our members for their use of CSIO standards to improve both the efficiencies and competitiveness of the industry. We are pleased to see our members working together for the benefit of the broker distribution channel and congratulate this year’s winners for their very successful collaboration.”

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.ca