Clarica chooses Global IQX Inc. to provide web based group insurance quoting service

ConnectInsure™ makes getting quotes for small business clients faster and more cost effective for brokers and agents

Ottawa, Ontario — March 20, 2001 /CNW/
Global IQX Inc., developer of the first dynamic web-based group insurance marketing, quoting and enrolment service, announced today that Clarica Life Insurance Company has chosen ConnectInsure™ to enable employee benefit advisors to quickly and effectively obtain group insurance quotes for small business clients.

Powered by the Global IQX Inc. Insurance Quotation Exchange Engine (IQX™), ConnectInsure™ will provide an instant quoting service free to employee benefit advisors across Canada that have an Internet connection and appropriate licensing.

Currently, benefit advisors spend a great deal of time sending plan specifications to a variety of carriers and preparing detailed spreadsheets outlining options and rate comparisons. The ConnectInsure™ web site provides access to a multitude of products from a variety of carriers and the ability to prepare quotes in real-time, online, 24 hours a day, seven days a week.

“This exciting new initiative will have a very positive impact on the way we handle small cases,” said Jack Reynolds, group small business vice president for Clarica. “It’s extremely efficient for benefit advisors. Clients will benefit from timely service and ultimately from cost efficiencies that will result from using ConnectInsure™. Given Clarica’s product quality and competitive pricing, we expect it will impact very positively on sales.”

As part of a nationwide program to increase small business market reach and market share, Clarica is meeting with agents and brokers across Canada to promote their small business strategy and the benefits of using ConnectInsure™ to better service clients.

“Clarica has clearly demonstrated their confidence in the ConnectInsure™ service offered by Global IQX Inc.,” said Michael de Waal, president and founder of Global IQX Inc. “We are delighted to be working with such a forward looking and respected organization.”

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Clarica Life Insurance Company
Clarica (CLI:TSE) has provided insurance and investment solutions to Canadians for 130 years. As well as individual and group insurance, Clarica provides a full range of wealth management products. In Canada, Clarica serves nearly three million customers through 7,800 staff, agents, financial planners and group representatives who operate out of 90 offices throughout Canada. In the United States, Clarica operates from two mid-western locations to serve 225,000 policyholders. For additional information, please visit the Clarica website at www.clarica.com.

About Global IQX, Inc.
Global IQX, www.globaliqx.com, established in 1999, specializes in configurable, component-based sales and services automation solutions that streamline and optimize business processes for North American group benefits insurance organizations. Offered as a complete suite or individually, these solutions automate rating, underwriting, renewal and enrollment supporting all lines and market segments. Global IQX production proven solutions increase operational efficiency and reduce cost while promoting improved communication and interaction within and across departments. Developed and delivered by a team with group insurance depth and experience, these solutions give business users more control, with less dependence on IT resources. Clients include many of North America’s largest insurance companies.