Quote Commercial Risks in Seconds Straight from your BMS
Commercial Lines (CL) Data Standards enable brokers to quote and bind small commercial policies seamlessly through APIs, reducing time, saving money, and enhancing the customer experience.
No Duplicate Entry
No portal, third-party quoting engine, email or paper application process required. "Once and done," in your BMS.
Multiple IBC Codes
Quote multiple Insurance Bureau of Canada (IBC) codes in a single API request.
Quotes in Seconds, Not Days
Generate real-time quotes in seconds, not hours or days, increasing workflow efficiency.
Accurate API Quoting
Initiate API quote requests directly from your BMS to your insurance companies.
Convert Quotes to Binds
Complete the sales process and generate a policy number without leaving your BMS.
Remarket Directly in your BMS
Easily remarket customers by sending an API quote request to your insurance providers.
Proven Benefits of Real-Time Quoting
View the IBC Codes by Industry
376 Insurance Bureau of Canada (IBC) codes for 12 industry segments are incorporated into the CL Data Standards allowing brokers to pass multiple IBC codes under different industries.
Business & Professional Services
Contractors
Real Estate
Retail
Education Services
Farming Services
Health Services
Hospitality
Manufacturing/Processing Services
Member Organization Services
Warehousing Services
Wholesale Services
Cyber
Errors & Omissions
View CL Certified Members
See the list of Certified Members who have programmed the CL Data Standards by industry.
Reach out to your insurer and BMS vendor about achieving CL Data Standards Certification for real-time quoting.
Access the CL Data Standards
Insurers and BMS Vendors can access the CL Data Standards and learn more about Certification.
Testimonials
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"The industry is cooperating to move forward so quickly with updated commercial data standards.
The full underwriting information and coverage requirements get loaded to the insurer’s system for review, quoting and response, with no re-keying of data. The benefits to broker workflow are enormous."
Stacey Miranda, Senior Director, Product Management,
Vertafore -
“Data standards for commercial lines will be nothing short of transformational for insurers and brokers across Canada -- and of course, for their customers, too. Standards have the potential to help us quote, bind and issue policies more quickly. They will help eliminate much of the double-entry and manual processes that add time and cost to how we write commercial business today.”
Laura McDonald, 2VP Select Product & Platform Strategy,
Travelers Canada
