Top-ranked Empire is the fifth insurance carrier to partner with ConnectInsure Web portal
Ottawa, Ontario — February 5, 2002
Global IQX Inc., developer of the ConnectInsure online exchange for group benefits, today announced a partnership with The Empire Life Insurance Company. The agreement will see Empire’s group benefits products added to the ConnectInsure Web portal and made accessible to registered insurance brokers and consultants.
“Empire has a well-established brand presence and offers a range of group benefits products,” said Michael de Waal, president and founder of Global IQX. “This partnership will increase the value and appeal of ConnectInsure for insurance brokers and consultants.”
Empire ranked 13th in the National Post Business 500: “Top 25 Life Insurers”, June 2001, based on revenue. Empire has also been affirmed through an “A (Excellent)” financial strength rating by A.M. Best Co.
“ConnectInsure is revolutionizing the traditional insurance industry,” said Jake Hilberdink, vice-president of employee benefits for Empire Life Insurance Company. “Bringing our products online will allow us to further streamline our quotation processes and offer increased efficiency to insurance brokers.”
Currently, more than 1,000 licensed insurance brokers and consultants in Canada are registered with ConnectInsure, a Web-based application powered by the IQX Platform. Available free of charge, ConnectInsure provides plan advisors, brokers and other certified benefit planners access to an instant quoting service online. Traditionally, benefit advisors and brokers have needed four to six weeks to gather the detailed information for a client quote and presentation. ConnectInsure delivers all the same information in a few minutes.
In addition to its partnership with The Empire Life Insurance Company, Global IQX has also formed partnerships with the Clarica Life Insurance Company, Green Shield Canada, Imperial Life Insurance (a subsidiary of the Desjardins-Laurentian Financial Corporation) and Manulife Financial.
The Empire Life Insurance Company
The Empire Life Insurance Company is a dynamic leader in the financial services industry providing Life, Health, Group Insurance and Investment products to clients across Canada. Empire has two group product lines focusing on small to medium sized groups. BeneFit, for groups with 2-19 lives, is specifically designed with the small business owner in mind. 20Plus has the flexibility of product design to meet the needs of groups of 20 or more lives. Regional Group Sales Offices can be found in major cities across Canada (Toronto, Hamilton, London, Ottawa, Montreal and Vancouver) with the corporate Head Office in Kingston, Ontario. For more information please visit the Empire Financial Group Web site at www.empire.ca.
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.