Global IQX expands offerings to insurance brokers on its ConnectInsure Web site
Ottawa, Ontario and Waterloo, Ontario — November 7, 2001
Global IQX, developer of the ConnectInsure Web-based quoting service that enables insurance companies to conduct online quotations and enrollment transactions, announced today that Manulife Financial’s small business group benefits products are now available to insurance brokers at ConnectInsure
This marks the implementation of a July 2001 agreement between Global IQX and Manulife Financial to provide brokers and agents with online, real-time group insurance quotes.
“ConnectInsure is an ideal quotation service for benefit advisors in Canada,” said Geoff Crickmay, senior vice president, Canadian Division Group Business, Manulife Financial. “Our partnership with Global IQX will enhance our quoting and enrollment abilities, enabling the Group Benefits division to maximize resources in the support of sales.”
“Insurance brokers and agents will now be able to access confidential quotes from Manulife and other carriers around the clock, while saving valuable time in the process.”
“We are very pleased that Manulife Financial’s products are live on the ConnectInsure site,” said Michael de Waal, president and founder of Global IQX. “As one of Canada’s leading financial services companies, Manulife Financial’s products will increase the value and appeal of ConnectInsure for insurance brokers.”
Currently, more than 900 licensed insurance brokers and consultants in Canada are registered with ConnectInsure, a Web-based application powered by the IQX Platform. Available free of charge to licensed insurance brokers, 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 Manulife Financial, Global IQX has also formed partnerships with the Clarica Life Insurance Company, Green Shield Canada and Imperial Life Insurance, a subsidiary of the Desjardins-Laurentian Financial Corporation.
Manulife Financial is a leading Canadian-based financial services company operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial (Manulife Financial Corporation and its affiliated companies) were Cdn$140.9 billion as at June 30, 2001. Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945′ on the SEHK. Manulife Financial can be found on the Internet atwww.manulife.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.