Configurable components will enhance operational efficiencies, improve product agility and consolidate multiple business processes
Little Rock AR, Ottawa, Ont – May 6, 2015– Life and Specialty Ventures, LLC (LSV) has selected Global IQX’s Sales and Underwriting Workbench for underwriting, rating, illustrations and reports. Global IQX is a leading software provider of web-based sales and service solutions for the employee benefits industry.
LSV’s USAble Life and Florida Combined Life Insurance Company, Inc., insurance carriers with about $55 billion of insurance in force, will deploy Global IQX’s web-based platform.
LSV will license Global IQX’s rating and quoting engine, proposal generation, product configuration and report components. LSV companies provide ancillary insurance products, including dental, life, disability and worksite, to groups and individuals throughout the United States.
“We were impressed with Global IQX’s software. Once successfully implemented, it will give us increased market agility and allow us to streamline the sales and underwriting process with quicker turnaround times,” said LSV Executive Vice President Edward A. Murphy. “We look forward to its implementation as we continue to grow our business and provide increased support to our business partners.”
“We’re delighted to have LSV as a client,” said Mike de Waal, CEO at Global IQX. “We will help drive LSV’s commitment to straight-through processing and efficiency, while providing faster response and support to its partners. We look forward to a successful partnership with LSV as they gain market advantages using our technology.”
Global IQX has a 15-year history of providing rating and quoting for multiple group insurance products. Offering different views and options for various users, its products streamline new-business procurement process with automated workflow and straight-through processing. Its configurable components enhance new-business acquisition and retention processes, providing growth, efficiency and improved customer service.
Global IQX is a leading software vendor focused on providing group health and ancillary insurance carriers with the ability to streamline and automate the sales, underwriting and renewal process.
About Life and Specialty Ventures
Life and Specialty Ventures, LLC, is a holding company based in Little Rock, Arkansas. The company owns and operates USAble Life and Florida Combined Life Insurance Company, Inc. LSV offers groups and individuals the opportunity to purchase ancillary insurance products including dental, life, disability and worksite. Total insurance in force is about $55 billion.
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 group benefits insurance organizations. Offered as a complete suite or as individual components, these solutions automate support all lines of business across all market segments. Global IQX’s production-proven software platform increases operational efficiency and reduces costs while promoting improved communication and interaction within and across departments. Developed and delivered by a team with deep group insurance domain expertise, our solutions allow business users more control, with less dependence on IT resources. Clients include many of North America’s largest and most respected insurance companies.