Groupe Ultima selects Policy Works as its commercial-lines platform

MONTREAL, Jan. 9, 2017 /CNW/ - Groupe Ultima is pleased to announce the establishment of a strategic partnership with Policy Works Inc. This new relationship enables Groupe Ultima to provide its members with the Policy Works platform, the Canadian industry's leading software solution for brokers to manage and grow their commercial-lines portfolios. Moreover, it contributes greatly to the foundation of a new integrated technological ecosystem offered by Groupe Ultima.

"Today's business owner are working to create a better customer experience. And to provide a better customer experience, we need to help create a better broker experience, especially in commercial-lines," states Bernard Deschamps, CEO of Groupe Ultima. "The Policy Works platform, integrated with UG2, will provide our entire network with the tools they need to thrive in this ever-changing insurance environment."

"Policy Works Inc. is proud to partner with Groupe Ultima to provide an integrated commercial-lines solution for both its MGA operations and its broker members," states Kevin Campbell, CEO of Policy Works Inc. "We have a common vision for the future of commercial insurance and look forward to bringing the Policy Works platform to Groupe Ultima members."

About Groupe Ultima
Ultima is an industry leader in specialized insurance and risk management solutions, as well as IT solutions. It meets the insurance needs of companies and organizations. The company's mission is to offer tailored products and services to a targeted clientele.

Ultima was founded in 1983 by insurance brokers to better serve their customers by developing specialized insurance products and IT tools. In 2003, Ultima established the Mutuelle des municipalités du Québec (MMQ) to meet the insurance needs of municipalities and design the software needed to support its insurance activities.

Ultima now stands out from the competition thanks to its dual role of offering specialized insurance solutions and providing management software for insurance programs.

Ultima distributes specialized insurance products at over 160 points of sale across Quebec. Its broker-distributors produce $1 billion in premium volume to businesses, professional associations and individuals.

About Policy Works Inc.
Policy Works is the industry's leading platform for commercial-lines business. Building on its vision for linking brokers and insurers to better serve insureds, the company provides a platform where all stakeholders can come together to leverage each other's strengths.

Policy Works believes in the value of the broker distribution channel and is working to ensure the channel stays vibrant in a changing marketplace.

SOURCE Policy Works Inc.

For further information: Steve Pieroway, VP, Marketing & Sales, Policy Works Inc., steve.pieroway@policyworks.com, (800) 260-3676 ext.114; Dominique Danvoye, Technologies de l'information, Groupe Ultima inc., d.danvoye@ultima.qc.ca, 514 722.0024, ext. 282

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