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GISA Announces Next Steps in its Transition to a New Statistical Service Provider

TORONTO, Dec. 8, 2022 /CNW/ – Immediately, the Common Insurance coverage Statistical Company (GISA) is taking additional steps towards modernizing its service supply infrastructure to boost its knowledge assortment and reporting capabilities. As a part of the modernization, GISA is happy to announce that transition to its new Statistical Service Supplier (SSP) has begun.

As first introduced in its April 12, 2022 bulletin to GISA stakeholders, GISA has chosen IBM Canada (NYSE: IBM) to imagine the position of SSP efficient October 1, 2023, with duty for modernizing GISA’s service supply infrastructure and finishing up statistical knowledge operations on behalf of 9 insurance coverage regulatory authorities and greater than 140 property and casualty insurers throughout Canada.

Transition has begun

The transition to the brand new SSP formally started on October 4, 2022. Throughout the transition, GISA will work with stakeholders, by means of an Business Advisory Committee (IAC), to tell choices associated to the transition to IBM Canada from the incumbent SSP. Working intently with IBM Canada and tapping into the experience supplied by the IAC, GISA may even take the primary steps on its roadmap towards enterprise transformation. Throughout this section, IBM Canada will design, construct, take a look at and deploy the enabling know-how platform that may enable it to carry out the Managed Providers and understand GISA’s longer-term enterprise transformation targets.

“I am completely satisfied to share that the Common Insurance coverage Statistical Company (GISA) has chosen IBM Canada as its know-how resolution associate to modernize our knowledge platform and function as our Statistical Service Supplier,” mentioned Laurie Balfour, GISA Chair. “This announcement marks the start of a strategic relationship that may ship nice worth to insurers and charge regulators by enhancing statistical knowledge high quality and reliability, whereas enabling operational effectivity and effectiveness for GISA.”

Because the statistical agent for the insurance coverage trade and regulators, GISA gives statutory and regulatory reporting for the property and casualty insurance coverage trade by means of its SSP. IBM Canada will assume operations of statistical plans for deeper knowledge evaluation and reliability, in addition to larger operational effectivity, adaptability to regulator priorities and engagement with insurers and regulators.

“Accuracy and reliability are important for accessing and analyzing knowledge, however so is effectivity and velocity,” mentioned Daniel Shum, senior associate and insurance coverage observe chief with IBM Canada. “These components shall be central to our strategy as we work with GISA to remodel their knowledge capabilities and supply of statistical providers to fulfill the evolving wants of their trade stakeholders.”

Additional communication concerning the transition

Particulars regarding the IAC shall be communicated in a subsequent communiqué and bulletin to GISA stakeholders, as will extra detailed details about the transition to the brand new SSP. Observe that no quick adjustments to naming conventions, firm or person IDs, or to the timing, frequency of file format of information submissions, is foreseen with the transition to the brand new SSP in 2022-23.

To supply regulators, insurers and different GISA stakeholders with up-to-date details about the transition to the brand new SSP, a devoted webpage is below growth on the GISA web site (www.gisa.ca) and shall be stay within the coming weeks. All GISA stakeholders shall be inspired to go to the webpage recurrently for info and help pertinent to the transition. The webpage will embody recurrently up to date Incessantly Requested Questions (FAQs).

Contact GISA

When you have any quick questions concerning the enterprise transformation or GISA’s SSP transition to IBM Canada, please contact GISA at [email protected].

About GISA

GISA operates as a statistical agent on behalf of the insurance coverage regulatory authorities of Alberta, New Brunswick, Newfoundland & Labrador, the Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and Yukon. GISA is a federally included, not-for-profit company ruled by a Board of Administrators with illustration from the 9 taking part regulators, the property and casualty insurance coverage trade, and the general public.

For extra details about GISA, go to: www.GISA.ca.

About IBM Canada

IBM Canada is an info know-how firm offering built-in options that leverage trade data, greatest practices and enterprise processes. IBM Canada brings a wealth of trade experience and data to its choices and leverages the bigger IBM ecosystem to offer all kinds of providers and options choices together with cloud, cognitive, AI, safety, infrastructure, consulting, networking, software program and extra.

For extra details about IBM Canada, go to: www.ibm.com/ca-en.

SOURCE Common Insurance coverage Statistical Company

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