Insurers Powered By Global IQX
We choose to work with Global IQX because they have a very solid and compelling technology platform with a proven track record of deploying sales and underwriting systems in the group benefits industry. The Global IQX system will enhance our quoting process, giving us the ability to quote all Fort Dearborn Life products under one system. It will also provide improved reporting capabilities, allowing us to better analyse business metrics.
Client retention, speed and efficiency are vital contributors to business success in the group benefits market. By automating the renewal process, insurers not only reduce costs but also increase the satisfaction levels of distributors and employers and make it less likely that they’ll switch to a different provider.
No insurance company ever became more successful than its peers by spending less than them on information technology. The path to competitive advantage lies in spending appropriately to create and support necessary business capabilities.
Insurance carriers are starting to more aggressively seek out solutions to help them improve operational efficiencies and deliver better service to customers,” according to Craig Weber, CEO at Celent, LLC an independent technology research firm. “In terms of distribution, independent agents have made it abundantly clear that underwriting speed and process support often drive their decisions to place business with one carrier versus another.