April 08, 2014

Zurich Canada, commercial insurer and provider of risk-management solutions, has chosen to implement the regul8 statistical reporting technology from UK-based telematics provider Quindell PLC.

Telematics is a growing trend in Canada, as evidenced by launches from CAA South Central Ontario and Intact Insurance divisions this past November. The tech provider also works with UK-based telematics insurer Ingenie, which plans to enter the Canadian market.

[Read about the growth of Ingenie: How Ingenie Expanded Its Young Customer Base]

Zurich Canada, the Canadian branch of the Zurich Insurance Group, faces extensive requirements in reporting claims and policy data to the General Insurance Statistical Agency (GISA), which manages statistical information on behalf of nine Canadian insurance regulatory authorities, and the Groupement des assureurs automobiles (GAA), which oversees auto insurers in Quebec. It selected regul8 to accommodate increasing system needs, lower costs, streamline reporting, and provide early error detection and correction. Regul8 will be integrated with the core systems at Zurich, which include PMS, ZIP and Guidewire ClaimsCenter.

“The choice of regul8 was straightforward; we are committed as an organization of ensuring the highest quality of statistical data reporting and building an in-house solution just could not be done in the time frame that we wanted,” says Kevin Hunter, head of IT at Zurich Canada, in a statement. “Regul8 also ensures that future stat changes are implemented correctly and on time. We are confident we will achieve both higher data quality and more streamlined operations while working with Quindell.”

ABOUT THE AUTHOR
Kelly is an associate editor for Insurance & Technology. Prior to joining InformationWeek Financial Services, she was a staff writer for InformationWeek and InformationWeek Education. Kelly has also written for trade ...