First Web-based quoting service offered to group benefits advisors and brokers
Ottawa, Ontario and Waterloo, Ontario — June 26, 2001
Global IQX today announced that Clarica’s group insurance product for small business is now available on its Web-based quoting service at www.connectinsure.com — a first in the group insurance industry. This marks the implementation of a March 2001 agreement between Global IQX and Clarica to provide brokers and agents with online, real time group insurance quotes.
“As other insurers are added, this will be extremely efficient quoting process for brokers and agents. Application and enrolment forms are also on the site and automatically pre-filled — another time-saver. We’re pleased to be working with Global IQX on this initiative.” said Jack Reynolds, Clarica’s Vice President, Group Small Business.
“Hundreds of agents and brokers have already registered on the ConnectInsure website and more are being added each day. There’s a high level of enthusiasm for this service. We’re confident that ConnectInsure will fill a need in the marketplace,” said Michael de Waal, President and founder of Global IQX.
Over the next few weeks, the ConnectInsure Web site will begin providing access to products from a variety of carriers. Greenshield has also signed on to offer small group product quotes on ConnectInsure.
ConnectInsure is a Web-based application powered by the Global IQX Insurance Quotation Exchange Engine (IQX™). It provides plan advisors, brokers and other certified benefit planners the access to an instant free quoting service, available 24 hours a day, seven days a week.
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 8,000 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.