Economical to begin CSIO XML standard pilot with select broker partners

Economical delivering on its commitment to push electronic documents to broker partners in CSIO XML format

Waterloo, ON (March 15, 2013) – Beginning Monday, March 25, Economical Insurance will begin a pilot implementation of the CSIO eDoc XML standard with select brokers that use The Agency Manager, sigXP, PowerBroker or The Broker Workstation broker management systems (BMS).

Upon completion of the pilot, Economical will roll out eDocs to its broker partners across the country.

“eDocs supports broker workflows in place today and drives efficiency by pushing broker declaration documents electronically through CSIO download to our broker partners’ BMS,” said Dianna Fioravanti, Economical’s vice-president, sales, distribution and underwriting operations. “Brokers who elect to turn on this option will no longer receive print copies of documents they will receive electronically.”

“Economical’s dedicated team of broker solutions specialists work closely with our broker partners to identify their workflow needs and system requirements. These same broker solutions specialists will deliver the eDocs workflow to our broker partners for seamless integration.”

About Economical Insurance

Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with more than $1.8 billion in premiums and more than $4.8 billion in assets. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers through 17 branches and service offices across the country. In 2010, Economical announced its decision to become the first federally-regulated mutual property and casualty insurance company to demutualize. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Federation Insurance and Economical Financial.

SOURCE: Economical Insurance