Optimum General to develop modern connected broker portal

iter8 technology to be used for core functionality and connectivity  

May 2010, iter8 Inc., an insurance solutions software developer, is pleased to announce that Optimum General (Optimum) has chosen to work with iter8 in the development of a modern, connected broker portal.

Optimum General is a Canadian company that underwrites property and casualty insurance through three subsidiaries with eight regional offices. With over 600 independent brokers, Optimum is active in four main insurance lines: automobile, personal property, commercial property and liability insurance. A centralized IT group, Optimum Informatique, is heading the implementation of the new broker portal. Their mandate is to design, develop, implement and support the competitive IT solutions that meet the needs of companies belonging to the Optimum Group.  iter8 is pleased to provide communic8 licensing and services to ensure the portal is fully connected to Brokers and third party information sources.  communic8 supports all North American standards including ACORD and CSIO AL3 and XML, and proprietary services and networks.

Stéphane Bibeau, Vice President, Branch Operations and Information Technology, was instrumental in planning this project, and selecting iter8 for core technology and insurance expertise. He commented, "This project is critical to our long-term success as we strive to meet and exceed the needs of our brokers. Working with iter8 will help us successfully meet these goals. communic8 is successfully deployed at countless other insurance carriers, in use to connect, interpret and audit information and data from brokers, carriers and third-party information sources, giving us comfort to know it is proven and dependable."

The goals of the project are to enhance speed-to-market for new products and services, and fully support the independent broker channel, with ease-of-use, comprehensive functionality, and overall superior system performance.   Robert Lepine, EVP at Optimum Informatique stated, "we are pleased to be working with iter8 on this project as their products provide us a flexible, established technology that will enhance our ability to deliver cost-effective, modern solutions to our user group."

Glen Piller, President and CEO of iter8 indicated, "iter8 will be working hand-in-hand with the team from Optimum to ensure their portal combines ease-of-use, ease-of-access and complete functionality, so that Optimum can meet their business goals, and deliver superior broker integration."

About Optimum General

 Optimum General Inc. is a Canadian company that underwrites property and casualty insurance mainly in Canada through three subsidiaries: Optimum West Insurance Company (British Columbia, Alberta and the Yukon); Optimum Insurance Company Inc. (Quebec, Ontario, Manitoba, Saskatchewan, the Northwest Territories and Nunavut); and Optimum Farm Insurance Inc. (Quebec). The products of these subsidiaries are distributed through a vast network of independent insurance brokers. Optimum General is a member of Optimum Group.

About iter8

iter8 Inc. is a software solutions provider to the Property and Casualty Insurance Industry, its products designed to increase profitability by solving problems - centered on Agent Portals, Agent Connectivity and Underwriting Operating Excellence - through smart innovation and proven expertise in both the insurance business and in technology, implementation, and service.

A dynamic, creative company, iter8 has a track record of successfully streamlining insurance processes, improving time-to-market, and saving companies money.

For more information, please visit http://www.iter8.com/  or contact:

David Gallagher, Vice President, iter8

dgallagher@iter8.com or                 (416) 364-6306         (416) 364-6306 x490

Stéphane Bibeau, Vice President, Branch Operations and Information Technology, Optimum General

sbibeau@optimum-general.com or               (514) 288-8725         (514) 288-8725