October 9, 2007
Royal & SunAlliance Invests in Commercial Insurance Technology
Insurer partners with Policy Works to Make it Easier for Brokers to Quote Business
TORONTO, ON – Leading commercial insurer Royal & SunAlliance (R&SA) continues to advance its commercial lines broker proposition by enhancing its web technology to make it easy for brokers to do business with it.
Royal & Sun Alliance Insurance Company of Canada (R&SA) has entered into a relationship with Policy Works Inc. to exchange commercial lines data electronically, which will make it easier for brokers using Policy Works to obtain quotes on commercial lines business from R&SA. The integration of Rapid eQuote™, R&SA’s web-quoting tool, with Policy Works’ Commercial Management System will enable brokers who do business with R&SA to upload commercial-lines submissions from Policy Works into Rapid eQuote™. R&SA and Policy Works will work together using the CSIO XML Commercial-lines Standard.
“At R&SA we are striving to be a leading market for brokers for commercial insurance,” says Shawn DeSantis, Senior Vice President, Commercial and Personal Insurance, R&SA. “By working with Policy Works, we will have a streamlined and simplified data transferring process that will improve our quoting turnaround time.”
The relationship between R&SA and Policy Works advances the broker distribution channel. “Our mission at Policy Works is to find innovative ways to help commercial brokers work as efficiently as possible with their insurers,” says Kevin Campbell, President of Policy Works Inc. “We are very excited to welcome R&SA as a Certified Data-Exchange Partner and look forward to developing the integration between Rapid eQuote and Policy Works.”
The integration is expected to be completed in early 2008. The Policy Works Certified Data-Exchange Partner (CDEP) program ensures that commercial data is exchanged between insurers and Policy Works in an accurate, reliable, and secure manner. Policy Works Inc. and all CDEP partners are committed to working with the CSIO standards.
About Royal & SunAlliance
The Royal & SunAlliance Canada group includes Roins Financial Services Limited, Royal & Sun Alliance Insurance Company of Canada, Quebec Assurance Company, Johnson Inc., Western Assurance Company, Ascentus Insurance Ltd. and is part of Royal & Sun Alliance Insurance Group plc. Royal & SunAlliance Canada employs approximately 2,500 people and is represented by a large network of brokers across the country. In 2006, the Canadian Group wrote $1.5 billion in direct premiums with assets exceeding $4.9 billion. Internationally, Royal & Sun Alliance Insurance Group plc employs about 24,000 people and transacts business in more than 130 countries with assets of approximately $40 billion.
About Policy Works Inc.
Since 1992, Policy Works Inc. has been leading the development of Commercial Management Systems (CMS) for the Canadian insurance industry. Policy Works streamlines the commercial-lines workflow to manage the entire policy lifecycle efficiently and effectively.
Media enquiries:
Christine Siemiernik
External Communications Consultant
Royal & SunAlliance
416-366-7600 ext. 2987
cell: 416-274-1448
Christine_Siemiernik@royalsunalliance.ca
Steve Pieroway
Director, Marketing
Policy Works Inc.
1-800-260-3676 ext. 114
steve.pieroway@policyworks.com
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