Unique Operational & Business Competencies

Our plan will enable the successful development, delivery, and commercialization of a cost-effective business-to-business electronic data exchange solution (I-Biz) that will improve the economic performance of the insurance industry and accelerate the use of e-Business in Canada. I-Biz, a lightweight, peer-to-peer hierarchical data set delivered via the Internet, significantly reduces the high cost of entry associated with centralized transaction processing by traditional EDI systems.

To date, a state-of-the-art EDI system that is capable of addressing all insurance policy transactions does not exist, due to the structural barriers presented by competitive rivalries, multiple and incompatible software systems, and a lack of industry standardization.

Our plan is unique and innovative in concept, design, and application in that it will develop a package of process automation tools that will satisfy the mission-critical business process needs of insurance brokers and companies needing to write or revise policies. Unlike alternative approaches, Custom Software’s The Broker’s Workstation will offer true end-to-end automation of the insurance policy writing or policy change request functions, processes that include determining replacement costs, identifying past claims, determining rate classifying, quoting multiple company rates, and completing a policy application. It will ensure that brokers have access to current and accurate rating and underwriting guidelines of insurance carriers.

Other approaches that have attempted a top-down solution have not met client needs. The Broker’s Workstation has been designed as a management tool for the end-user broker, with I-Biz capabilities designed and integrated in all processes. In addition, I-Biz tools are Internet enabled, which makes the solution attractive to and affordable for all businesses.

If you'd like to learn more about Custom Software Solutions and what our products can do for your business, request more information.