IBAC praises Wawanesa for improving broker data exchange capabilities

IBAC praises Wawanesa for improving broker data exchange capabilities | Insurance Business

IBAC praises Wawanesa for improving broker data exchange capabilities

The Insurance Brokers Association of Canada (IBAC) has issued a statement praising Wawanesa Mutual Insurance Company for its recent contributions in improving broker data connectivity.

Wawanesa submitted nine additional Application Programming Interfaces (API) to the Reusable Data Services Library (RDSL) hosted by the Centre for Study of Insurance Operations (CSIO). The APIs, which are now freely available on the RDSL for CSIO’s vendor and carrier members, can be downloaded and implemented by users in order to develop their own solutions.

The new APIs include a Quote API, New Business API, and a Policy Inquiry API. All of them can be accessed from the RDSL on CSIO’s website.

Not only does Wawanesa’s sharing of its APIs make it easier for CSIO’s members to quickly develop their own applications, but it also signifies another step toward achieving real-time broker connectivity, IBAC said in its statement. In particular, the move is seen by the association as a major contribution to its own Data Exchange (DX) project.

“The challenges of the past year have accentuated the demand and momentum for technology, and IBAC’s broker-led initiative to accelerate connectivity is making real progress,” said IBAC CEO Peter Braid. “Wawanesa has been a supportive and enthusiastic partner from the beginning, and we greatly value their contributions and expertise.”

“Working together, we can make sure our industry is truly connected and the insurance needs of Canadians are better looked after,” commented Wawanesa president of Canadian property and casualty operations Carol Jardine. “The advice, advocacy and service that independent insurance brokers provide Canadians is more important than ever. When one of our mutual customers reaches out to a broker with questions, we want answers to arrive right away. That’s why Wawanesa is fully committed to the IBAC Data Exchange project.”