Electronic proof of auto insurance, or eSlips, would eliminate the need for traditional paper pink slips, representing a significant step forward in workflow efficiency for the insurance industry and meeting the expectations of today’s evolving consumer.
November 16, 2016 - Following consultations held over the summer, the Canadian Council of Insurance Regulators (CCIR) approved a plan to introduce an electronic option for proof of automobile insurance for Canada, using mobile devices in place of the traditional paper pink slip. The plan targets implementing eSlips across the provinces and territories in the first half of 2017.
eSlips complement our industry’s existing investment in eDocs and enable the full realization of CSIO’s eDelivery solution, permitting electronic delivery of policy documents to consumers without the need to print and mail a pink slip as well.
Insurance legislation in Canada still requires, in many jurisdictions, that insurers print and mail a paper pink slip as proof of auto insurance and that consumers use pink slips as proof of coverage. However, as digital technology has evolved, so have consumer expectations. Updated legislation to permit eSlips would enable:
- insurers and brokers to send proof of auto insurance electronically, reducing the costs of printing and mailing paper copies
- consumers to use electronic devices to display proof of auto insurance
eSlips are a natural extension of CSIO’s eDocs and eDelivery solutions, providing a level of service and convenience that consumers increasingly take for granted when trading with industries as diverse as retail, airlines, banking, hotels, taxis and investing.
CSIO eSlips Advisory Report
CSIO commissioned Fasken Martineau LLP to review the legislative landscape governing eSlips in Canada. The report, eSlips: E-Delivery of Motor Vehicle Insurance Cards, provides an overview of legislation, describes case studies from jurisdictions that have permitted eSlips, and identifies opportunities for legislative change in Canada. Click to read the report below:
To read the press release on eSlips, click here.