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.
August 14, 2017 - The Centre for Study of Insurance Operations (CSIO) is pleased to announce the development of an industry-wide solution to deliver digital proof of auto insurance (eSlips) to consumers, in collaboration with its carrier and broker members. (Full details)
June 6, 2017 - The Centre for Study of Insurance Operations (CSIO) was pleased to announce an industry solution for the digital delivery of proof of auto insurance cards, or eSlips, at Gore Mutual Insurance Company’s Fast Forward broker event held on June 6 in Toronto. (Full details)
May 8, 2017 - Insurers and brokers in Ontario are looking forward to working with the provincial government to implement electronic proof of auto insurance. The province’s Liberal government said in its annual budget late last month that it will allow the province’s drivers to display proof on their mobile phones instead of the current paper pink slips starting this year. (Full story via Thompson’s World Insurance News)
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.
How Do eSlips Work?
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.