The Insurance Brokers Association of Canada (IBAC) and the Centre for Study of Insurance Operations (CSIO) have announced that they are collaborating on the development of APIs for the industry.
As part of the new partnership, IBAC’s Data Exchange (DX) initiative will integrate into CSIO’s INNOTECH API roadmap. Tom Reid, who has been involved with the DX project, will join fellow IBAC representatives Aly Kanji, Jeff Roy and Kim Opheim on the INNOTECH Advisory Committee.
“It is in the best interests of brokers, insurers, vendors and consumers for IBAC and CSIO to
have a single-track process for API development,” said IBAC CEO Peter Braid. “Brokers have been, and will continue to be, integral to the INNOTECH efforts. The IBAC representatives look forward to participating on the INNOTECH API Business Requirements Working Group, to continue to bring the broker’s perspective to this work.”
Utilizing JSON API Standards for policy inquiry functionality, the INNOTECH API Working Groups will move on to developing the business requirement for other use cases, a release said. The next focus will be based on the 2022 API use case roadmap priorities set by the INNOTECH Advisory Committee.
“CSIO values IBAC’s representation on the INNOTECH Committee since it launched over two years ago, and looks forward to teaming up with IBAC on further API development to advance digital experiences for brokers and their clients so information is available in real-time,” commented CSIO president and CEO Catherine Smola.
Smola added that both organizations will continue to work together to be “the one voice regarding key strategic decision-making on future technology for the industry.”
