Home Breadcrumb caret Your Business Breadcrumb caret Operations CSIO portal vies for “critical mass” as launch looms With the technology ready to go, now it is time to get brokers and insurers on board with the Centre for the Study of Insurance Operations (CSIO) portal, the industry heard at CSIO’s recent AGM. “Gaining critical mass is a key to the portal’s ultimate success,” says CSIO president Klaas Westera, adding that he feels […] April 30, 2002 | Last updated on October 1, 2024 1 min read Klaas Westera|Howard Moran With the technology ready to go, now it is time to get brokers and insurers on board with the Centre for the Study of Insurance Operations (CSIO) portal, the industry heard at CSIO’s recent AGM. “Gaining critical mass is a key to the portal’s ultimate success,” says CSIO president Klaas Westera, adding that he feels the project has that kind of support from brokers, insurers and vendors alike. “It [the portal] will soon be a reality, showing the world that truly remarkable things can be achieved when you have the need and the will and the courage,” remarks CSIO chairman Howard Moran. In order to encourage broader participation, a vendor is being sought to provide a “financially attractive” comparative rating system allowing insurers not ready to fully participate in the portal to offer quotes. While pilot testing with Zurich was cancelled when ING took over its personal lines book, and Economical has temporarily halted its testing, Lombard Canada has begun testing and is set to roll out in the second quarter of 2002. With Lombard’s participation and other companies scheduled to join in the third quarter 2002, Westera says a recent broker survey shows that 80% would subscribe to the portal in 2002. A pricing model was passed at the AGM, and following minor changes will be released to broker associations later in May, says Westera. Save Stroke 1 Print Group 8 Share LI logo With the technology ready to go, now it is time to get brokers and insurers on board with the Centre for the Study of Insurance Operations (CSIO) portal, the industry heard at CSIO’s recent AGM. “Gaining critical mass is a key to the portal’s ultimate success,” says CSIO president Klaas Westera, adding that he feels the project has that kind of support from brokers, insurers and vendors alike. “It [the portal] will soon be a reality, showing the world that truly remarkable things can be achieved when you have the need and the will and the courage,” remarks CSIO chairman Howard Moran. In order to encourage broader participation, a vendor is being sought to provide a “financially attractive” comparative rating system allowing insurers not ready to fully participate in the portal to offer quotes. While pilot testing with Zurich was cancelled when ING took over its personal lines book, and Economical has temporarily halted its testing, Lombard Canada has begun testing and is set to roll out in the second quarter of 2002. With Lombard’s participation and other companies scheduled to join in the third quarter 2002, Westera says a recent broker survey shows that 80% would subscribe to the portal in 2002. A pricing model was passed at the AGM, and following minor changes will be released to broker associations later in May, says Westera.
