Mutual insurance provider teams up with IBM to develop new online tool – BlueTrack – to strengthen broker partnership.
WINNIPEG (MB), May 23, 2017 – The Wawanesa Mutual Insurance Company (Wawanesa) is now providing its brokers with the power to manage and monitor their entire Wawanesa portfolio online through a new tool called BlueTrack.
With BlueTrack, Brokers can access their dashboards to view summaries of their key performance indicators such as commission, written premium, policy count, policy retention and earned loss ratio. Customized for Wawanesa’s broker channel, the self-serve tool offers the following benefits:
- Easy access anytime, anywhere;
- Big picture information at a glance via dashboards and report views;
- Increased productivity by leveraging data on portfolio performance; and
- Greater efficiency through streamlined processes that reduce administrative work.
“Wawanesa is committed to supporting and strengthening the insurance broker channel and BlueTrack is one way of partnering with our brokers for success,” said Graham Haigh, Vice President of Business Development, Wawanesa. “The creation of BlueTrack is part of Wawanesa’s digital transformation to make working with us even easier, and more focused on the competitiveness of our brokers and needs of our policyholders.”
Wawanesa partnered with IBM to develop BlueTrack, using IBM’s best-in-class Incentive Compensation Management platform. A part of IBM's analytics and cognitive computing initiative, this platform provides accurate sales and compensation analytics for tactical and strategic sales planning to enable innovation and differentiation.
"In BlueTrack, IBM and Wawanesa have created a solution that streamlines business processes, improves visibility to the sales channel, and allows for greater agility and competitiveness all while maintaining rigorous security and compliance,” said Ted Hlynsky, Client Executive for IBM Global Markets.
BlueTrack was launched earlier this year as a first phase implementation. The tool will evolve as further functionality is deployed for brokers to continue to better understand the business they’ve placed with Wawanesa and their opportunities for growth and profitability.
“As an entrepreneur in a fast paced digital world, BlueTrack, at a click, provides me with the data I look for to manage our Wawanesa book of business,” said Owen Corus, President & CEO, Cornerstone Insurance Brokers Ltd. “BlueTrack is an easy to use tool with appropriate levels of security that instantly provides accurate data to the appropriate members of our administration team. It has definitely strengthened our partnership with Wawanesa.”
To learn more about BlueTrack watch this short video. Brokers can contact their regional Wawanesa Business Development Representative to learn more.
About The Wawanesa Mutual Insurance Company
Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,000 employees, Wawanesa proudly serves over two million policyholders through nine regional offices and 41 service offices in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.
IBM is one of Canada’s top ten private R&D investors, and in 2016 contributed more than $478 million to Canadian research activities. IBM has a unique approach to collaboration that provides academic researchers, small and large business, start-ups and developers with business strategies and computing tools they need to innovate. Areas of focus include health, agile computing, water, energy, cities, mining, advanced manufacturing, digital media and cybersecurity. IBM and its partners have in the past three years helped create more than 240 high-value jobs and launch more than three dozen new businesses. For more information about IBM’s continued investments in Canadian innovation, please visit: http://www.ibm.com/ibm/ca/en/canadian-innovation.html.
About Cornerstone Insurance Brokers Ltd.
Fiercely independent, employee owned, agile brokerage with over 50 years of success and still growing.
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