Jan. 24, 2013 – iter8, a leading software solutions provider to the insurance industry, is pleased to announce that HTM Insurance Company (HTM) and iter8 have signed a contract to develop policy, claims and billing inquiry capabilities for the HTM independent broker and agent channel. This represents the initial phase in HTM’s plans to provide technology solutions for their brokers and agents so they can effectively integrate with HTM in real-time.
Alec Harmer, President and CEO at HTM stated, “We are pleased to announce this project, and our choice to work with iter8, who demonstrated their leadership in this market to us. We are committed to providing advanced technology solutions to our brokers and agents so that it is easier to work with HTM. This is a major investment for us, and the benefits in terms of streamlined broker and agent workflow and improvements to policyholders’ service levels will be significant.” He added, “The first objective is to complete policy, billing and claims inquiry, and work is already underway. This will be followed by new business upload for automobile and property lines.”
Glen Piller, President of iter8 commented, “iter8 is Canada’s leading insurance technology provider, providing strategic solutions and products to Insurance carriers of all sizes, and HTM provides us with the opportunity to work with another Canadian mutual insurer. We are extremely pleased to be able to partner with them. Their goal of providing flexible, robust solutions to their distribution partners aligns with the iter8 goal to provide robust technology solutions that solve today’s challenges and are flexible enough to deal with those on the horizon.”
The iter8 product inquiry solution provides a proven, cost effective and easy solution for brokers and agents to see all information on a policy, utilizing intuitive navigation, effective drill-down techniques, and ready links to all related information. They can print or save the retrieved information.
The project covers property, auto and commercial lines of business, integrating with Keal Technology and Powerbroker broker management system users. A projected go-live live date of January 2013 has been set, which is extremely fast and both the teams at HTM and iter8 are focussed on this deliverable. Integration will occur with the HTM policy administration system, MCCG’s IBS5.
About HTM
HTM Insurance Company – formerly known as the Hamilton Township Farmers Mutual Fire Insurance Company, and later, the Hamilton Township Mutual Insurance Company – was formed in 1898 in the spirit of neighbours helping neighbours, as many farmers were unable to find companies to insure their rural properties. HTM is a Mutual Insurance Company, community based and owned and operated by Policyholders.
Today, insurance coverage has grown to include a wide range of policies including farm, auto, residential and commercial.
A lot has changed over the last hundred-plus years since the company was founded, but the way we approach taking care of the needs of our Policyholders has never wavered: at HTM Insurance Company, you’re with family. Visit www.htminsurance.ca.
About iter8
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 market leader in the Canadian market, iter8 has a track record of successfully streamlining insurance processes, improving time-to-market, and saving companies’ money. iter8 has helped countless insurers in successfully integrating brokers, developing web services, and enhancing underwriting. When it’s worth doing, it’s worth doing right, and iter8 strives to always do it right. Visit www.iter8.com.
SOURCE: iter8
Tags: Hamilton Township Mutual Insurance Company (HTM), Insurance Business Solution (IBS), iter8
