Our component based Generic Financial Services Rating Engine (GFSRE) technology helps insurance companies increase profitability by streamlining and automating the quoting, rating and proposal of group annuity and group RRSP business. IQX GSFRE uses best business practices in the sale and servicing of annuities. This straight-through business processing helps our clients:
- Collapsed Transaction Time & Cost
- Elimination of paper-based processes
- Generates quotes and enrollment transactions
- Decrease in quote to enrollment turnaround time
- Lowers underwriting & operating costs
- Improved business intelligence opportunities
- Creation of a central information database
- Data mining opportunity
- Increase in sales capacity of sales representatives
- Create new distribution channels and expand markets
- Broadens market/channel access and control
- Provide new tools and processes for business control
IQX GSFRE can use many of the component products listed in our IQX Platform. The IQX solution components include functionality and tools to enable insurance carriers to support end-to-end sales and service processes. As well, carriers can participate in a multi-carrier environment using IQX SEMCI for their group annuity business. When licencing IQX GSFRE carriers can also increase distribution by accessing ConnectInsure.
