Lindsay, ON (Oct. 15, 2019) \u2013 The Commonwell Mutual Insurance Group (CMIG) is announcing the successful implementation of an industry-leading insurance technology platform that is modernizing its technology infrastructure to provide an improved experience for policyholders and to drive innovation, speed to market and long-term business growth. The company originally announced the project in January 2018, partnering with two internationally respected and leading firms: Deloitte Inc., and Guidewire Software, Inc., to develop and deploy this new technology.<\/p>\n
Tim Shauf, president and chief executive officer, The Commonwell, said, \u201cWe realized that our goal of significantly increasing our premium growth and membership, while maintaining our high standards of member value, broker experience, and employee engagement, required a fundamental shift in how our supporting technology was deployed.\u201d By deploying InsurCloud, The Commonwell has successfully delivered immediate member experience benefits as part of our strategic business transformation, both across our organization and distribution partner network.\u201d<\/p>\n
\u201cThe new technology platform has significantly enhanced our member, agent, and broker experience by increasing efficiencies in underwriting, billing, and rating accuracy,\u201d said Enrico Mastrangeli, CMIG Vice President, Distribution and Member Innovation. \u201cThrough Commonwell Connect, our brokers will have a seamless single sign-on journey from their broker management system into The Commonwell Guidewire core systems for new business upload. This enhances their ability to act as trusted advocates who can provide new customers with a once-and-done experience through a real-time enabled technology platform.\u201d<\/p>\n
Their Guidewire systems will run as a part of Deloitte\u2019s InsurCloud, a cloud-based implementation, ongoing services and support from Deloitte, a Guidewire PartnerConnect™ Consulting Premier member. Guidewire\u2019s core, reinsurance, and data products have been simultaneously deployed across all lines of business in Ontario, including automobile, farm, residential, and commercial. The company also deployed Guidewire DataHub™ and Guidewire InfoCenter™ which will significantly enhance their enterprise-wide data management and analytics.<\/p>\n
\u201cIt\u2019s a major investment in the development of our employees and the future growth of our organization,\u201d said Shauf. \u201cWe looked at our more than a century of history in the communities we serve and knew that we could do more and we could be more as an employer, a mutual insurance provider and as members of our communities,\u201d he said.<\/p>\n
The Commonwell Mutual Insurance Group was founded in 2014 and brought together three long-standing mutual insurance companies \u2013 Farmers\u2019 Mutual Insurance Company (Lindsay), Glengarry Mutual Insurance Company and Lanark Mutual Insurance Company that has been built on more than a century of hands-on commitment to the local communities it serves.<\/p>\n
The mutual insurance business began in the late 1800s with the particular need of farmers to protect their property from fire. Mutual insurance grew steadily over the next century, surviving the setbacks of two world wars, the Great Depression and other fluctuations in the market from the 80s through to today. Insurance products were added \u2013 residential, automobile, commercial and watercraft.<\/p>\n
\u201cSince our founding almost six years ago, we operate on the same historical premise of our three legacy companies \u2013 maintaining a focus on local presence and service to our communities, providing career and skills development for more than 170 CMIG employees, as well as working with a strong network of independent insurance brokers across Ontario,\u201d said Shauf.<\/p>\n
Jennifer Baziuk, Vice President, Transformation and Strategic Delivery, said, \u201cThanks to the strong commitment of our employees and excellent partnerships with Guidewire and Deloitte, we were able to complete the project early and under budget. It\u2019s an exciting time as we offer new skills, training and opportunities for our employees and grow our business.\u201d<\/p>\n
See also:<\/strong><\/p>\n \u2022 Commonwell Mutual Deploys Guidewire InsurancePlatform in Deloitte\u2019s InsurCloud<\/a> (Oct 8, 2019).<\/p>\n Established January 1, 2014, The Commonwell Mutual Insurance Group is a merger of three longstanding mutual insurance companies that has been built on more than a century of hands-on commitment to the local communities it serves. Since its founding almost six years ago, The Commonwell Mutual Insurance Group operates on the same historical premise of its three legacy companies \u2013 maintaining a focus on local presence and service that builds strong long-term relationships for the benefit of the greater community. For more information, visit www.thecommonwell.ca<\/a>.<\/p>\n Deloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500\u00ae companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights and service to address clients\u2019 most complex business challenges. To learn more about how Deloitte\u2019s approximately 264,000 professionals\u20149,400 of whom are based in Canada\u2014make an impact that matters, please visit www.deloitte.ca<\/a>.<\/p>\n Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com\/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.<\/p>\n Guidewire (NYSE: GWRE)<\/em> delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 34 countries. For more information, please visit www.guidewire.com<\/a>.<\/p>\n SOURCE: Guidewire Software<\/i><\/p>\n Tags: Commonwell Mutual<\/a>, Deloitte<\/a>, Guidewire<\/a>, platform<\/a>, technology investment<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Canadian general insurer completes implementation of cloud platform with industry-leading partners Lindsay, ON (Oct. 15, 2019) \u2013 The Commonwell Mutual Insurance Group (CMIG) is announcing the successful implementation of an industry-leading insurance technology platform...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17214"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17214"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17214\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About The Commonwell<\/b><\/h4>\n
About Deloitte Canada<\/b><\/h4>\n
About Guidewire Software<\/b><\/h4>\n