The Toronto Insurance Council (TIC) revealed a new initiative during an event earlier this month, which demonstrates the viability of real-time integration between insurer technology platforms and broker management system (BMS) platforms.
Dubbed “The D/X Initiative”, the proof-of concept (POC) is specifically focused on a first notice of loss based on the nationally-endorsed IBAC digital exchange (D/X) principles, said The D/X Initiative Chair, Brenda Rose. “It uses established CSIO data standards without any ‘middleware’ or data translation layer.”
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.