CSIO Launches Scorecard Tool for Brokerage Technology Adoption

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Toronto, ON (Feb. 24, 2016) – The Centre for Study of Insurance Operations (CSIO) is pleased to announce its new Technology Scorecard tool, providing brokerages with a snapshot view of their technology adoption in comparison to the provincial average, encouraging further tech adoption for a stronger competitive position.

The scorecard builds on CSIO research used to develop its TLS eMail Security and Mobile Website adoption maps, adding data on Industry Forms, CSIOnet, eDocs, eSignatures, search engine optimization (SEO) and social media.

The research results have also been summarized in map form (see below), displaying the technology adoption average for each province. The national average across all brokerages is 56%.

Technology Adoption Map

Technology Adoption Map

“The Technology Scorecard supports brokerages in creating benchmarks for technology adoption,” notes Catherine Smola, President and CEO of CSIO. “We hope that providing individual brokerage and provincial scores side by side will motivate members to strengthen their competitive position by adopting additional technology solutions.”

Technology Scorecard for CSIO Member Brokerages

Click here to access the tool.

CSIO will update the scorecard regularly to reflect current adoption rates. Be sure to check the tool on a regular basis to see if your province has raised its brokerage average.

About Centre for Study of Insurance Operations (CSIO)

CSIO is Canada’s industry technology standardization association of property and casualty insurers, software providers and over 35,000 brokers. CSIO is committed to improving the consumer’s ease of doing business within the broker channel by overseeing the development, implementation and maintenance of technology standards and solutions such as eDocs, Telematics, eDelivery and eSignatures. In addition, CSIO operates CSIOnet, a secure, industry-owned platform for the efficient exchange of policy information for the broker channel. CSIO maintains offices in Toronto and Montreal. For more information, visit csio.com.

SOURCE: Centre for Study of Insurance Operations (CSIO)