The Economical Insurance Group and Policy Works to Provide Round-Trip Commercial Lines Data Exchange

Waterloo, Ontario – The Economical Insurance Group® (TEIG®) is pleased to announce it has entered into an agreement with Policy Works Inc. to deliver a commercial lines data exchange solution between the Policy Works Commercial Management System (CMS) and TEIG’s brokerEXPRESS® web-quoting facility.

“EXPRESS has always been the leader for small business insurance solutions”, says David Crozier, Vice President of Commercial Insurance at TEIG. “We’ve listened to our brokers and we know that integration with Policy Works will make it even easier for brokers to do business with us. We are excited about the opportunity and about increasing our advantage over the competition.”

The integration of TEIG’s brokerEXPRESS® quoting site with Policy Works will provide TEIG’s brokers with round-trip data exchange capability. TEIG brokers will be able to upload commercial lines risk and rating detail directly from Policy Works into brokerEXPRESS®, and download quotations back into Policy Works. This will reduce double entry of data and significantly improve response times on new business, effectively enabling brokers’ to deliver better overall customer service.

“We are excited to be working with The Economical Insurance Group.” states Kevin Campbell, President, Policy Works Inc. “They clearly understand what brokers want and have gone the extra mile by offering single sign-on and document download in addition to two-way data exchange. We welcome TEIG as a Certified Data Exchange Partner and look forward to improving the broker distribution channel together.”

The integration is expected to be completed in the summer of 2009. 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 The Economical Insurance Group

Founded in Waterloo, Ontario in 1871, The Economical Insurance Group (TEIG) is one of the largest property and casualty insurers in Canada with over $1.9 billion in premium volume and $4.3 billion in assets. This Canadian-owned company serves customers’ needs through branches and service offices across the country. Members of TEIG include Economical Mutual Insurance Company® (including the Western General® Farm Division), Waterloo Insurance Company™, Perth Insurance Company™, The Missisquoi Insurance Company®.

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.

For Further Information:

David Crozier
VP Commercial Insurance
The Economical Insurance Group®
519.570.8500, ext.48203
david.crozier@teig.com
www.economicalinsurance.com

Steve Pieroway
Director, Marketing
Policy Works Inc.
1-800-260-3676 ext. 114
steve.pieroway@policyworks.com
www.policyworks.com