The Centre for Study of Insurance Operations (CSIO)’s mandate is to ensure consistent interpretation of the Property & Casualty (P&C) insurance industry’s data standards by insurance companies and technology vendors.
CSIO's mandate now includes governing the industry's data standards to avoid conflicting interpretations. This involves classifying stakeholders that have implemented the standard. In the key area of standards, CSIO will not only continue to create and publish the data standards required for broker management systems to connect with carriers' back-end systems, but it will also govern those standards.
To do this, the plan is to define any ambiguous standards, have members update the standards they have programmed, and pilot the classification system. That way, CSIO can see how the carriers and vendors implement the standards and clarify misunderstandings at the outset.
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