Lexum’s cloud based software Decisia is now powering the Canadian Insurance Regulators Disciplinary Actions’s (CIRDA) new database which has been designed to be a single point of access for decisions taken by Canadian insurance regulators.
This joint initiative of the Canadian Insurance Services Regulatory Organization (CISRO) and the Canadian Council of Insurance Regulators (CCIR) has created a repository of public actions taken since 2008 by insurance regulators against insurance companies, insurance intermediaries and individuals licensed to sell insurance products.
CIRDA can be accessed at http://decisions.cisro-ocra.com as of December 1, 2013.
RSS feeds are available and will provide near real-time notification of new disciplinary actions as they are posted by participating insurance regulators.
“We are very pleased to offer the public this significant improvement in search capabilities”, said Ron Fullan, Chairperson of CISRO and Executive Director of the Insurance Councils of Saskatchewan. “Further, by eliminating the need to search across multiple databases to obtain regulatory decisions, each provincial insurance regulator will have improved access to timely information that may enable them to make better decisions about their own registrants and applicants.”
Carolyn Rogers, Chair of CCIR said “we expect the CIRDA database to be a great assistance to consumers, industry members and regulators alike to find information about insurance agents and brokers. CCIR is very pleased to have played an integral part in this project. CIRDA is the result of members of CCIR and CISRO working together for everyone’s benefit, and I want to thank everyone who has been involved.”