Successes are discussed, and the new head of Insurance Business Canada is named.
Insurance News
CSIO lists accomplishments and names a new head.
Three more changes to the table were also made.
Insurance News
By.
Mika Pangilinan
April 24, 2023
Show.
At the Sheraton Centre Toronto Hotel, the Centre for Study of Insurance Operations( CSIO ) recently held its 2023 Members Meeting and Reception. The party, which was held in person for the first time since 2019, honored the successes that CSIO and its customers were able to make over the previous 12 months.
The ongoing development of application programming interface ( API ) data standards to close the gap between broker management systems ( BMS ) and insurers systems is one such accomplishment.
The Innovation and Emerging Technology ( INNOTECH ) Committee and its working groups received praise from CSIO president and CEO Catherine Smola for creating these standards. For commercial automobiles with individual ratings ( IRCA ) and commercial general liability ( CGL ), they were able to publish API data standards in Java Script Object Notation ( JSON ) in 2022. To fully implement the 2022 API strategy, they already completed business requirements for 40 fresh employ cases.
Smola also praised the INNOTECH Advisory Committee for releasing the industry's's very API Security Standard, claiming that by giving insurers and suppliers a customizable regular that authenticates and authorizes agents to link with insurer systems via APIs, they helped to solve an important problem.
The Commercial Lines ( CL ) working group's's efforts to finalize requirements to bind multi-operations small commercial business, establish requirements for the small business real estate segment, and develop the CL Real-Time Quote Savings Calculator were among the accomplishments highlighted in Smolas remarks.
Smola also mentioned improvements to the digital document delivery service My Proof of Insurance, which now includes new functionality for sending digital proof of auto insurance( eSlips ) for garage policies as well as improved speed and security. She also praised CSIO's's achievements in professional development, saying that in 2022, there were a record 1, 400 system enrollments and more than 2, 000 conference attendees. In addition to the 211 members who received their CSIO modern member designation, this is.
CSIO details different board chair and honours industry players.
In the awards section of the party, CSIO honored The Wawanesa Mutual Insurance Company, Vertafore Canada, Northbridge Insurance, Unica Insurance and Applied Systems Canada for their dedication to providing top-notch education and for leading the economy in the implementation of standards.
Michael Lin, the chief content officer at Travelers Canada, was also named the new chairman of the board by CSIO. Lin brings management and security solutions experience to his new position with more than 14 years of experience as a CIO across numerous businesses. He spent four years on the CSIO Board of Directors.
In addition to Lin's's interview, CSIO also welcomed three additional executives.
Senior vice president of corporate security at PROLINK Insurance, Michael Loeters
Vice President of modern service at The Wawanesa Mutual Insurance Company, Cam Muckosky
Vice President, Governance & amp Analytics at Aviva Canada, Aaron Newell
Additionally, the occasion allowed CSIO to present its latest multi-year strategic plan. This plan, which will be in effect from 2023 to 2025, will help CSIO and its members develop and improve data standards, solutions, and services related to property and amp casualty ( P & ampC ). It will concentrate on the three columns that follow.
CSIO Data Standards: Pillar 1 Create, Manage, and Increase
Create Secure and Reliable Solutions in Tower 2.
Foundation 3 Shape Solutions: Improve Our Education Program and Create a Smooth Experience
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