Keal Technology to Deliver CSIO Compliant e-doc Solution to Intact Insurance Brokers

TORONTO— July 30, 2012 —Intact Insurance and Keal Technology, a leading provider of broker management systems, have completed the development of an electronic document (e-doc) solution that will allow brokers to download policy information of their personal lines clients insured by Intact Insurance directly to their Keal Broker Management System (BMS), sigXP. The solution will be piloted by a number of brokers in the coming weeks and will be deployed to all Intact Insurance brokers starting in the fall.

Pat Durepos, President of Keal Technology, said: “The Intact-Keal solution is a great example of how insurers and providers of management systems can work hand in hand to facilitate the work of brokers and improve their efficiencies. IBAO and CSIO are to be commended for their leadership and support in making this initiative possible. Our initial discussions with the users of our systems have revealed that nearly all of them will adopt these new functionalities and that 80% intend to download all the documents made available by Intact Insurance.”

The Intact-Keal e-doc solution provides brokers the ability to download all their customers’ documents such as policy declarations, payment information and many more directly from Intact systems into brokers’ management systems. Its functionalities are based on the Centre for Study of Insurance Operations (CSIO) XML standard and work in the same manner as the CSIOnet Electronic Data Interchange (EDI) processes, resulting in significant time and cost savings.  Furthermore, it was designed in a way that will be transparent to brokers, will not require any user intervention and will be supported by most Keal products, such as their BMS sigXP and Keal’s Document Management System, dokXP.

“There have been many e-doc initiatives in the industry over the last few years, including our own,” said Jack Ott, Chief Information Technology Officer of Intact Financial Corporation. “While these initiatives have provided significant value to brokers,  the CSIO approach brings our industry to a completely new level; combined with existing e-doc tools, brokers will have the flexibility to design workflows that are the most appropriate for their operations and their customers. It is encouraging to see our industry work together to develop an efficient and environmentally-sustainable solution for brokers.”

About Intact Insurance

Intact Insurance is Canada’s largest home, auto and business insurance company, offering an extensive suite of home, auto and business insurance products and solutions through 2,300 insurance brokerages. Its coast-to-coast presence and its strong relationships with insurance brokers mean the company can provide the outstanding service, comfort and continuity customers deserve. Intact Insurance is a member company of Intact Financial Corporation (TSX: IFC). www.intactinsurance.com / www.intactfc.com

About Keal

Keal Technology is a leader in the BMS (Broker Management Systems) and CMS (Commercial Management Systems) in the Canadian marketplace for insurance and financial services brokers. They offer an integrated suite of products designed to increase revenue through efficient use of technology. For more information, visit www.keal.com

For more information:

Bill Redford – Director Development

Keal Technology

1.800.268.5325, ext. 2590  bill.redford@keal.com

 

Sandra Nunes – Manager, External Communications

Intact Financial Corporation

416-341-1464 ext. 43127  sandra.nunes@intact.net