Top 10 health care benefits provider is the second giant Canadian carrier to sign on with Connect Insure™ in less than two weeks
Toronto, Ontario and Ottawa, Ontario — April 4, 2001
Global IQX, developer of the first Web-based group insurance marketing, quoting and enrollment service, today announced that Green Shield Canada has selected Connect Insure™ for its approved employee benefit advisors to quickly and effectively obtain group insurance quotes for small business clients. The announcement was made today at the Canadian Association of Insurance and Financial Advisors (CAIFA) Congress in Toronto.
“Connect Insure is a real-time solution for us,” said Gren MacDonald, vice-president of sales and marketing for Green Shield Canada. “Our quality products will now be available in an instant and in our selected markets. We expect it to have positive effects on our sales.”
Powered by the Global IQX Insurance Quotation Exchange Engine (IQX™), Connect Insure will provide an instant quoting service free to employee benefit advisors across Canada that have an Internet connection and appropriate licensing. Currently, benefit advisors can spend up to 4 to 6 weeks sending plan specifications to a variety of carriers and preparing spreadsheets to outline options and comparisons. The Connect Insure service will streamline the quoting process in real-time, 24 hours a day, seven days a week.
“Green Shield Canada is a leader amongst health care benefit carriers in the country and we are delighted that the company has chosen our Connect Insure service to provide additional Web-based products to brokers and benefit advisors,” said Michael de Waal, president and founder of Global IQX. “This second announcement in as many weeks confirms there was a definite need in the industry for a real-time solution such as Connect Insure.”
The Clarica Life Insurance Company partnered with Global IQX in March 2001. “We are in the process of signing up more insurance companies in the near future,” said de Waal. “The more products available via Connect Insure, the better for all involved, advisors, companies, small businesses, etc.”
Green Shield Canada
Green Shield Canada is a national not-for-profit corporation specializing in the administration of health and dental benefits. Incorporated in 1957 in Windsor, Ontario, where the head office and central processing facility is located today, the company gained a federal charter through a special act of Parliament in 1992. Green Shield Canada provides a broad range of services and products to individuals, associations and groups across Canada. The company has offices in Toronto, Ottawa, London, Windsor and Vancouver. For more information, please visit www.greenshield.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.