Economical Rolls Out a New Platform for Insurance Brokers

Toronto, ON (June 22, 2018) – Vertafore is pleased to announce that its Canadian-focused operation, Keal Technology, worked in partnership with Economical Insurance to support its Vyne strategy aimed at easing the way of doing business between brokers and Economical.

The integration went live in PEI and NB on June 4th. Keal Brokers will now have the ability to benefit from a seamless data exchange from within SIG in real time.

In building this integration, Keal supported the IBAC Data Exchange project, the IBAO’s API project and worked with Economical and Guidewire to build this bridge. “Ease of doing business is always front and center of our strategy. It was natural for Keal to collaborate with Economical for this innovative project.” said Renee Durepos, SVP Keal Technology.

The way consumers buy and obtain information is evolving faster than ever. This is why Keal is focused on bringing more innovative solutions to Canadian Brokers; changes that allow brokers to offer 24 – 7 – 365 interaction with their clients from anywhere in the world from whatever apparatus they choose to do this from.

About Economical Insurance

Founded in 1871, Economical is one of Canada’s leading property and casualty insurers, with more than $2.2 billion in annualized premium volume and more than $5.4 billion in assets as at March 31, 2018. Headquartered in Waterloo, ON, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.

About Vertafore & Keal Technology

Vertafore’s comprehensive insurance management software solutions allow brokers and carriers to adapt to the evolving insurance industry by efficiently scaling their businesses through deeper access to information and insights. The Vertafore platform features fast innovation, partnerships with the best technology companies, and customizable solutions to help companies remain independent during a time of industry disruption. As the leader in modern insurance technology with the largest customer base in the industry, Vertafore connects every point of the distribution channel, from agencies and carriers to MGAs, MGUs, and state governments. For more information about Vertafore, visit www.vertafore.com, read the company’s blog, and follow the company on Twitter, LinkedIn, and Facebook.

Keal Technology is the expert in Canadian broker innovation and a leader in the BMS (Broker Management Systems) and CMS (Commercial Management Systems) marketplace for insurance and financial services brokers. Keal offers an integrated suite of products designed to increase revenue through efficient use of technology. In 2016, Vertafore acquired Keal Technology, a leading provider of broker and commercial management systems in Canada. For more information, visit www.keal.com and follow us on Twitter and LinkedIn.

SOURCE: Keal Technology

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