Policy Works Inc. and SGI CANADA to Exchange Commercial Lines Data Electronically with Straight-Through Processing

Policy Works is pleased to announce it has entered into an agreement with SGI CANADA to deliver a commercial lines data exchange solution integrating Policy Works’ Commercial Management System (CMS) and SGI’s underwriting system. SGI CANADA offers property and casualty insurance in Alberta, Saskatchewan and Manitoba as SGI CANADA, in Ontario as Coachman Insurance Company, and in Atlantic Canada as Insurance Company of Prince Edward Island (ICPEI).

The integration between SGI CANADA’s underwriting system and the Policy Works desktop solution is the first straight-through processing of commercial data using the CSIO XML standards. This solution offers pure no-touch processing, enabling brokers to send submissions and receive quotations electronically without a web portal, which means no new portal or system for brokers to learn.

“Policy Works fits with our overall strategy of making it easier for brokers to do business with us,” says Andrew Cartmell, President and CEO, SGI CANADA. “We have many innovative, progressive brokers who are constantly looking at ways to be more efficient in managing their commercial property business, including sending transactions directly to SGI CANADA without the traditional paper requests. Partnering with Policy Works creates the opportunity for us to accept real-time policy transactions from our brokers across Canada who have chosen to use Policy Works themselves.”

“Policy Works brokers are continually looking to us to streamline the data exchange process,” states Kevin Campbell, President of Policy Works Inc. “It’s very exciting to work with a partner that shares our vision of improving the independent broker distribution channel. This integration means no change to how Policy Works brokers currently market their business. But it means tremendous efficiencies for the overall process.”

The integration is expected to be completed this summer. 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.

For Further Information:

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

Tony Playter
Manager, Media Relations
SGI
Phone: 306-751-1837
tplayter@sgi.sk.ca www.sgicanada.ca