Toronto, Canada/Grapevine, Texas – June 8, 2010 – Insurance Systems Inc. (ISI), a leading provider of web-based enterprise solutions for the property and casualty insurance industry, announced today from the Insurance Accounting & Systems Association Annual Conference in Grapevine, Texas that GCAN Insurance has successfully implemented ISI Enterprise as part of a large scale legacy modernization project.
Toronto-based GCAN Insurance went live with ISI Enterprise for the company’s professional errors and omissions (E&O) line of business in May, 2010. Professional E&O is the first line of the company’s portfolio to go live with ISI Enterprise. Additional lines are planned to go live later this year as a part of the next phase of the company’s complete legacy modernization.
“When GCAN went looking for a system, technology, flexibility and pre-integration were our main selection criteria,” said Mark Cairns, Vice President & Chief Information Technology Officer for GCAN. “ISI exceeded our expectations in all of these areas and ultimately delivered a solution which has increased our level of efficiency and made life much easier for our users.”
A fully-integrated, browser-based property and casualty policy administration suite, ISI Enterprise features modules that enable insurance companies to run all aspects of their businesses more effectively, including core processing functions such as policy administration, claims, billing, accounting and reinsurance, as well as various supporting sub-systems such as rating, document production, CRM, workflow and reporting.
“GCAN is a perfect example of a great company striving to become even greater through the effective use of technology” said David Hanley, Vice President of Business Development and Operations for ISI. “Automation of their manual processes in ISI Enterprise will allow them to increase efficiencies and provide even more responsive
About GCAN Insurance
GCAN Insurance is a Canadian-owned commercial property and casualty insurer with offices in Toronto, Montreal, Calgary, and Vancouver. For more than 50 years, GCAN Insurance has been a trusted name in the Canadian insurance marketplace, and has a solid reputation built on providing flexible innovative solutions and exceptional customer service. GCAN is rated ‘A’ (Excellent) by A.M. Best for financial strength and stability with gross written premiums of over $250 million. GCAN is a wholly-owned subsidiary of Glenstone Capital Inc., a portfolio company of Teachers’ Private Capital, the private equity department of Ontario Teachers’ Pension Plan. For more information, please visit the company’s website at www.gcan.ca.