By Neil Menear, President, Novinsoft Inc.
Lindsay, ON (Oct. 24, 2012) – Farmers’ Mutual Insurance Company (Lindsay) is pleased to announce the official commencement of their broker connectivity initiative. The project will be completed in a number of phases beginning with policy, billing and claims inquiry, followed by new business upload, and policy change.
“We’re really excited about starting down the path with Brovada,” states Pat Ryan, VP Underwriting and Business Development at Farmers’, “The aim of the Broker Connectivity project is to streamline workflows to enable our broker partners to provide better service to our policyholder members. The first phase will provide our brokers with real-time access to key policy, claims and billing information. Our implementation team is diligently working with Brovada to roll-out the inquiry functionality to all brokers in Q1 of 2013. Upon completion of the initial inquiry phase we will be moving directly into new business upload for both automobile and personal property.”
Brovada has become the leading provider of integration software to the Ontario Farm Mutuals. “We’ve built a really solid reputation of being able to deliver,” says Charles Samolczyk, Brovada’s Vice President of Insurer Sales. “I think that companies are not only choosing us for our products, but also for our track-record of being great to work with.”
Brovada’s NexCenter is the most widely used integration software in Canada allowing for communication between over 800 brokerages and 50 insurer systems while Brovada’s NexExchange platform provides customized carrier-side integration to any policy administration system.
Having recently completed the successful migration to Mutual Concept Computer Group’s (MCCG) IBS5 policy administration system, Farmers’ is now focused on streamlining broker workflows and internal underwriting efficiencies. “It’s great to have Farmer’s on our flagship product,” states Frank Barretto, President and CEO of MCCG. “We’ve built a solid community and are committed to enhancing our products to align with their future needs.”
About Farmers’ Mutual
Farmers’ Mutual is the largest farm mutual insurance company in Ontario offering a complete range of insurance products including farm, residential, automobile, commercial, and watercraft. Farmers� Mutual distributes all products through their independent broker partners and has in more than 40,000 members holding in excess of 60,000 policies. The company underwrites over $86 million of direct written premiums and holds assets exceeding $247 million. For more information visit www.farmerslindsay.com.
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. www.brovada.com
MCCG is an innovative software provider that has a fully integrated insurance back office solution (IBS) successfully implemented in a number of Mutual Insurance Companies across Canada. MCCG has a proven track record that can be attributed to a focus on client requirements and product quality. MCCG, established in 1993, is wholly owned by Canadian Mutual Insurance Companies with the mission of providing comprehensive and flexible solutions for its clients. For more information visit www.mccg.net