By: Luke Jones, Published on February 1, 2018 05:18 PM, Last Update on February 1, 2018 02:20 PM
The Insurance Brokers’ Association of Saskatchewan (IBAS) is the latest insurance body to support the Centre for Study of Insurance Operations (CSIO) and its soon to launch electronic document delivery (eSlips) service.
CSIO’s eDelivery solution will allow drivers to replace their auto insurance pink slips as proof of coverage. The digital service is expected to launch in February 2018. It provides a platform for brokers to efficiently send personal and commercial policy documents in a secure environment. The tech has been in development for several years and brokers and insurance companies have contributed to its creation.
IBAS offered praise for the upcoming solution:
“Consumers are continuously demanding a higher level of digital integration in their lives, and that is no different when it comes to insurance,” said IBAS CEO Derek Lothian. “This platform provides brokers with a simple, secure, and economical tool to respond to that trend, and offer their customers a superior quality of service. It’s a win-win.”
IBAS says it will make eDelivery available to all of its members for no charge, when it launches this month. CSIO says it is pleased to have another major broker network partner.
“We welcome this endorsement from IBAS and look forward to working with them to promote the benefits of this solution,” commented CSIO president and CEO Catherine Smola. “It’s a positive step in creating improved digital experiences for consumers and in helping brokers better serve their clients in the digital age.”
Last month, Nova Scotia became the first province to adopt EPAI electronic pink slips. The Office of the Superintendent of Insurance of Nova Scotia announced it will adopt electronic proof of auto insurance (EPAI), otherwise called electronic pink slips. In doing so, it becomes the regulator in Canada to permit the new auto insurance proof system.
In Ontario, the FSCO said its timeframe for introducing EPAI is not yet decided. The Financial Services Commission of Ontario (FSCO), the provincial regulator, says electronic proof of automobile insurance (EPAI) is not imminent in Ontario, although it continues to work on a solution. The admission means the most populated province in Canada, where most drivers are, has no launch date for electronic slips.