{"id":22955,"date":"2024-12-18T15:53:33","date_gmt":"2024-12-18T15:53:33","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=82253"},"modified":"2024-12-18T15:53:33","modified_gmt":"2024-12-18T15:53:33","slug":"billyard-insurance-group-recognized-for-digital-innovation","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/12\/18\/billyard-insurance-group-recognized-for-digital-innovation\/","title":{"rendered":"Billyard Insurance Group Recognized for Digital Innovation"},"content":{"rendered":"<p>Welland, ON (Dec. 10, 2024) \u2013 Billyard Insurance Group (BIG) is thrilled to announce that it has won the coveted <em>Award for Digital Innovation in a Brokerage<\/em> at the 2024 Insurance Business Canada Awards (IBCAs). This prestigious recognition underscores BIG\u2019s commitment to pioneering technology solutions that not only drive operational excellence but also redefine the insurance experience for brokers and clients alike.<\/p>\n<p><strong>Redefining Industry Standards with Precision<\/strong><\/p>\n<p>The <em>Award for Digital Innovation in a Brokerage<\/em> is presented to brokerages that demonstrate exceptional leadership in leveraging cutting-edge technologies to improve broker performance, streamline operations, and enhance customer satisfaction. BIG was recognized for its groundbreaking underwriting platform, <em>Precision<\/em>, which has set a new benchmark in the industry for operational efficiency, accuracy, and innovation.<\/p>\n<p><em>Precision<\/em> is a state-of-the-art platform powered by Artificial Intelligence (AI), Robotic Process Automation (RPA) and workflow automation. This platform analyzes insurance documents with remarkable accuracy, reducing human error and enhancing overall process efficiency. By automating routine tasks, Precision empowers BIG brokers to focus on what matters most\u2014building stronger client and market relationships while driving business growth. The key benefits of Precision include:<\/p>\n<ul>\n<li><strong>Reduced errors and omissions<\/strong> during the submission of new business, particularly in personal lines.<\/li>\n<li><strong>Increased broker productivity<\/strong>, allowing brokers to allocate more time toward client engagement and business development.<\/li>\n<li><strong>Faster turnaround times<\/strong>, significantly improving the client experience from initial inquiry to policy issuance.<\/li>\n<li><strong>Underwriting-by-exception model<\/strong>, where routine decisions are automated, allowing brokers and underwriters to focus on complex cases that require human expertise.<\/li>\n<\/ul>\n<p>These innovations have not only enhanced BIG\u2019s operational processes but also delivered measurable results for brokers, insurance carriers and clients alike \u2013 reinforcing BIG\u2019s leadership in the digital transformation of the insurance industry.<\/p>\n<p><strong>Leadership Celebrates Innovation and Teamwork<\/strong><\/p>\n<p>Stephen Billyard, CEO of BIG, shared his pride in the company\u2019s achievement: \u201cWinning this award is a testament to our team\u2019s commitment to pushing the envelope in technology and innovation. Precision embodies our vision for the future of insurance, where technology amplifies our ability to deliver exceptional service to clients while empowering our brokers to perform at their best. This recognition fuels our drive to continue evolving and setting new industry standards.\u201d<\/p>\n<p>Billyard also emphasized the importance of the collaborative relationship that BIG shares with digital innovator \u2013 MyChoice Financial.&nbsp; BIG invested in MyChoice in 2021 and since then the firms have worked closely together, expanding digital marketing capabilities, lead generation opportunities and workflow automation.&nbsp; \u201cWe are very proud of our investment in MyChoice and our close partnership with Aren Mirzaian and Matthew Roberts,\u201d said Billyard.<\/p>\n<p>Cody Douma, COO of BIG, emphasized the teamwork and collaboration that were pivotal to the project\u2019s success: \u201cThis achievement is a direct result of the hard work and dedication of our entire team. The development and implementation of <em>Precision<\/em> required a collective effort, and we\u2019re proud of the positive impact it\u2019s had on our brokers and clients. It\u2019s gratifying to see our shared vision of innovation come to life\u2014and we\u2019re deeply appreciative of the IBCAs for recognizing our efforts.\u201d<\/p>\n<p>This award comes at a pivotal moment for Billyard Insurance Group, as they continue to hold their place as one of Canada\u2019s fastest organically growing insurance brokerages. BIG has faced unique challenges\u2014particularly in managing an unprecedented volume of organic policy growth\u2014while simultaneously setting a new benchmark for personal lines insurance underwriting in the Canadian marketplace. &nbsp;Their mission to lead the <em>digital insurance revolution<\/em> has driven them to tackle what many would consider \u201cimpossible problems\u201d through innovation. &nbsp;\u201cBalancing growth at such a great scale while maintaining the high standards we\u2019ve set for service and underwriting effectiveness was no easy feat, but it is precisely this drive to innovate and adapt that has been a key factor in our success,\u201d said Chief Insurance Officer, Daniel Ignoto.&nbsp; \u201cThis recognition affirms that our relentless pursuit of excellence, even in the face of substantial challenges, is paying off,\u201d added Ignoto.<\/p>\n<p>While this award is a tremendous milestone, BIG is far from done innovating. &nbsp;\u201cWe are actively working to expand the&nbsp;<em>Precision<\/em>&nbsp;platform, broadening its capabilities to support new lines of business and further streamline all brokerage workflows. Our goal is to continue to revolutionize the way insurance is delivered, making it faster, more efficient, and more customer-centric,\u201d said BIG\u2019s VP of Technology Anthony Guevarra.&nbsp; With a continued focus on leveraging cutting-edge technology, BIG is poised to take on even more complex challenges in the future.<\/p>\n<h4 class=\"smallhead\"><b>About the Insurance Business Canada Awards<br \/><\/b><\/h4>\n<p>The Insurance Business Canada Awards are the premier event for celebrating excellence and innovation across Canada\u2019s insurance sector. Held annually, the IBCAs honour the achievements of brokers, insurers, underwriters, and risk managers who are driving change and leading the way in a rapidly evolving industry. More information about the IBCAs can be found on their official website.<\/p>\n<h4 class=\"smallhead\"><b>About the Billyard Insurance Group<\/b><\/h4>\n<p>Billyard Insurance Group (BIG) is a rapidly growing, award-winning insurance brokerage headquartered in Welland, Ontario, with 87 branches across four provinces. Partnering with over 30 leading insurance providers, BIG is recognized as one of Canada\u2019s fastest-growing companies and a top employer. The company is committed to empowering brokers through innovation and technology to deliver exceptional service and solutions to clients. To learn more about BIG and the services it offers, visit <a href=\"https:\/\/www.thebig.ca\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.thebig.ca<\/a>.<\/p>\n<p class=\"referencetext\"><em>Source: Billyard Insurance Group (BIG)<\/em><\/p>\n<p> Tags: <a href=\"https:\/\/www.insurance-canada.ca\/tag\/awards\/\" rel=\"tag\">awards<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/billyard-insurance-group\/\" rel=\"tag\">Billyard Insurance Group<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/digital-innovation\/\" rel=\"tag\">Digital Innovation<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/innovation\/\" rel=\"tag\">Innovation<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welland, ON (Dec. 10, 2024) \u2013 Billyard Insurance Group (BIG) is thrilled to announce that it has won the coveted Award for Digital Innovation in a Brokerage at the 2024 Insurance Business Canada Awards&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22955"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22955"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22955\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}