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ABEX and ITS to provide secure Real-Time Rating and Paperless Policy Issuance

Frog for ITS Press Release

Affiliated Brokers Exchange Ltd. (ABEX) and Insurance Technology Solutions Inc. (ITS), are thrilled to announce a next generation Policy Administration System that will provide secure Real-Time Rating and Paperless Policy Issuance through ITS BindEasy Solution.

The new Policy Administration System will allow ABEX brokers to:

  • Provide clients with real-time quotes in minutes  (for both Personal and Commercial Lines)
  • Issue paperless policies securely
  • Provide brokers with a secure web portal that will allow brokers to make coverage changes, update policy information, fill out applications for new insurance coverage, self-serve for certain types of insurance certificates and get real-time quotes
  • Get instantaneous response on account referrals in a secure real-time environment
  • Go mobile! Both brokers and their clients will be able to experience all of the above benefits using popular mobile devices (iPad, iPhone, Android tablets and phones, Windows tablets and phones)

“ABEX is pleased to lead the industry by offering a groundbreaking technology that will allow brokers and their clients to experience a revolution in on-line service”, says Jad McGregor, ABEX VP Business Development. “ABEX’s platform ABEXAccess™, provided by ITS’ BindEasy technology”, adds McGregor, “provides a combination of easy access and high efficiency, enabling brokers to submit risks electronically from their office or from the field, using a multitude of devices, including iPad, smartphone, tablet, laptop or desktop.  A quote or indication is obtained in minutes through this state-of-the-art quoting and binding process, allowing better performance gains for all users.  ABEXAccess™ will be released in the coming weeks, and those interested in test driving it can contact us at quotes@abexinsurance.com.”

Steve Kaukinen, President, ITS, comments “ABEX values are very similar to our own; we appreciate how difficult the insurance purchasing process can be and are driven to change that for both brokers and their clients.” Steve adds, “Our BindEasy solution is secure, paperless, real-time and mobile and that’s what buyers expect, it’s the future of insurance.”

ABEX is an MGA that provides brokers with a wide range of out of the box solutions for standard and misunderstood risks.  ITS provides insurance technology solutions including its flagship product BindEasy, a powerful and secure Policy Administration Solution.

For Further Information Contact:

Jad McGregor, VP Business Development
ABEX – Affiliated Brokers EXchange Ltd.
785 Bridge St, Waterloo, ON,  N2V 2K1
Tel: (519) 880-0044 
Toll Free:  1-888-643-2217

Steve Kaukinen, President & CEO
Insurance Technology Solutions Inc.
(905) 334-2070

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