Soon after beginning to use computers to administer their business, firms realized the the potential for increased efficiency if data could be exchanged between brokers and companies, between insurers and reinsurers. Even when standard forms had been implemented, it quickly became apparent that data meant different things and was handled differently in different companies.
Thus began efforts to develop standards for data elements and their meanings. However, businesses and regulations evolve, and thus standards require ongoing maintenance. To respond to these ongoing requirements for current useful standards, most industries – including insurance – have spawned bodies to manage those standards, such as CSIO for Canadian P&C insurance, CLIEDIS for Canadian life insurance, and ACORD for insurance data standards worldwide.
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CSIO – Centre For Study of Insurance Operations
|Head Office: Toronto
Serving all Canada
|P&C Insurance Data Standards
Management of CSIOnet
The Centre for Study of Insurance Operations (CSIO) is Canada's national standards organization of property and casualty insurance companies, broker management system/company vendors and independent insurance brokers dedicated since 1981 to improving the efficiency of the broker distribution channel. CSIO is the organization responsible for overseeing the development, implementation and maintenance of industry standards for XML, EDI, and Forms. CSIO provides services nationally in both English and French and has offices located in Montreal and Toronto.
CSIO also manages and maintains the "CSIOnet". CSIOnet is the broker based P&C industry’s private network, providing a secure and cost-effective AL3, “EDI” message transmission service. The Independent Broker Distribution Channel and their Insurer partners exclusively use this service at a significant cost savings over traditionally leased lines.