February 2009 - iter8 Inc. wishes to congratulate Gore Mutual Insurance Company (Gore Mutual), on their strong ranking in the 2008 Annual Insurance Brokers of Ontario (IBAO) "Rank your Company" Survey. Gore Mutual is a long-term client of iter8, and has used iter8 products as part of the company's overall strategy to strengthen relations with their independent channel partners.
Gore distributes its products solely through an independent broker channel. They represent the company's face to consumers, and Gore's success is dependent on partnering with successful brokers.
iter8 and Gore Mutual have worked together on several projects and plans are to initiate new initiatives in 2009. Glen Piller, President of iter8 commented, "Our relationship with Gore Mutual is extremely important. We want to work with a successful company and use iter8 technology in ways to improve their strong performance."
Gore Mutual was the only insurer in the standard market to be consistently ranked above average in the survey. The Gore Mutual ranking for overall performance was more than 25% above average ratings.
The survey examined numerous attributes including: Claims, Technology, Accounting, Senior Management, Company Philosophy and Direction, Innovative Products and Packages, and Channel Support. Gore received top marks in each of these areas. Within the Technology category Gore Mutual received top marks, ranking #1 of all carriers within the survey.
The 2008 survey included over 1,100 responses from brokerages in the Province of Ontario. They ranged from large to small, included urban and rural and provided rankings for over 20 carriers.
iter8 technology has made major contributions to the Gore Portal, known as Go Broker. A sub-set of current Go-Broker functionality using iter8 components includes:
- Personal Lines Automobile Policy Change
- Billing Change for Personal lines automobile, property and commercial
- Real-time request, retrieval and processing of third party data
- Underwriting Business Rules Engine
- Underwriting Filter
Gore Mutual operates in the provinces of Ontario, BC, Alberta, Saskatchewan and Manitoba and offers commercial and personal lines of business. Within commercial lines Gore works with a wide variety of businesses including stores, contractors, restaurants, and professional services specializing in businesses that employ up to 100 people. Within personal lines both auto and property are offered.
Gore distributes its products solely through an independent broker channel. They represent the company's face to consumers, and Gore's success is dependent on partnering with successful brokers.
iter8 and Gore Mutual have worked together on several projects and plans are to initiate new initiatives in 2009. Glen Piller, President of iter8 commented, "Our relationship with Gore Mutual is extremely important. We want to work with a successful company and use iter8 technology in ways to improve their strong performance."
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