| We’re pleased to provide you with an update on the new digital offering for small business that we introduced earlier this year, which will bring you simplified quoting and binding capabilities through a new technology platform. To further enhance your and your customers’ experience, we are also updating the Small and Medium Enterprise Property and Casualty (SME P&C) product and introducing a more competitive pricing approach. The new small business offering — the technology, the experience, and the product — will be positioned under the Vyne™ brand. Read on about how Vyne Commercial will help you grow your business and support Canadian small business customers. A closer look at Vyne Commercial Until now, Vyne has been associated with Economical Personal Lines and Individually Rated Commercial Auto (IRCA). With the addition of Small and Medium Enterprise Property and Casualty (SME P&C), the Vyne broker offering will now include: Vyne Commercial – Small & Medium Enterprise Property & Casualty (SME P&C): our new digital offering — additional details described below – IRCA: no changes to product, technology, or workflow Vyne Personal – Personal auto & property: no changes to product, technology, or workflow Out with the old, in with the new — SME Pathway to replace the Express technology SME Pathway is a digital platform for quoting and binding new business that will modernize your workflows. This intuitive digital offering will allow you to quote and bind policies across small business segments currently served by Express. The benefits of SME Pathway include: A streamlined workflow to give you an easier way of quoting and binding new SME business, to help you drive growth in small business More intuitive navigation throughout the quoting process A flexible journey that offers both efficiency and depth as you need it, and the ability to price and present additional coverage options to your customers with ease A wide range of segments available in one quote flow New product offering for SME We have aligned our Small and Medium Enterprise (SME) and Mid-Market product to create a better experience for you and your customers. Our updated SME product is aligned to the same broad coverage wording (form 2188) that has underpinned our Mid-Market offering for years. The benefits of our refreshed SME offering include: Simple yet flexible SME product for you to offer customers A smooth transition for you and your customers from SME to Mid-Market as customer needs evolve Consistent product and competitive pricing approach for both SME and Mid-Market While the structure of the SME Property & Casualty form is changing, coverage is comparable. In the event of a claim after the form 2188 SME launch and before a customer’s conversion, Economical will honour the preferred form. What’s next Vyne Commercial will roll out in phases during the coming months. Business development representatives will work closely with you throughout the rollout, including readiness and training activities, to support a smooth transition and to maximize the use of the new capabilities. Stay tuned for more information coming soon. We’re committed to making it easier for you to do business with us, so you can spend less time on administrative tasks and more time providing guidance and valuable advice to your customers. If you have any initial questions, please reach out to your business development representative. |