The CL Minimum Data Set
43 underwriting data risk attributes make up the minimum common data elements you need to underwrite all types of commercial risks, regardless of risk size or complexity.
Reduces Time
Quotes in seconds, not days, thanks to standardized data and dynamic underwriting questions based on IBC risk codes.
Industry-Wide Adoption
Systems talk to one another more efficiently and accurately by exchanging data in a structured format along the insurance value-chain.
Accurate Real-Time Quotes
Accelerating information flow between insurers and brokers allows dynamic, real-time pricing that accommodates limit and risk changes.
About the CL Working Group
Setting standards and requirements for implementing CL Data Standards that support real-time commercial quotes.
Real-time Data Standards are available for:
Contractors
Retail
Business and Professional Services
Complex commercial lines risks and standards were a key pain point for the Canadian insurance industry. The CL Working Group has made tremendous strides in overcoming the complexity and making CL data implementation smooth and seamless.
This cross-industry CL Working Group defined the minimum data set in the XML Standard. But their work continues. Each year, they cover more business segments, more underwriting questions, and expand the scope of their effort to handle more small commercial business.
Getting Started
Technical and mapping information for developers and analysts.
Minimum business Data Standard fields for Commercial Insurance small business quote.
Additional questions mapping documentation Contractors, Retail and Business and Professional Services Data Standards.
Confirm you have programmed and implemented CSIO Commercial Lines Data Standards.
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, 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
