Liberty Health group benefits products now available on ConnectInsure online exchange for insurance professionals
OTTAWA, Ontario — May 27, 2002
Global IQX Inc., developer of the ConnectInsure Web-based quoting service that enables insurance brokers and consultants to conduct online quotations and enrollment transactions, today announced a partnership with Liberty Health.
As per the terms of the agreement, Liberty Health group benefits products (10-49 lives) are now available on the ConnectInsure. This will enable licensed insurance professionals to access instant, online quotations from Liberty Health, alongside other major Canadian insurance carriers.
“Global IQX is thrilled to be partnering with Liberty to bring their group benefits products to the ConnectInsure Web portal,” said Michael de Waal, president and founder of Global IQX. “As a well-established Canadian brand and an experienced health benefits management company, Liberty Health group benefit products will be a definite value-add to our online portfolio of carrier products.”
“We now have six carriers powered by IQX™ SEMCI, which attests to the success of our leading insurance procurement technology.”
Liberty Health provides individual and group benefits to over 750,000 Canadians. The carrier’s range of products include dental coverage, prescription drug, emergency travel, extended health care, life insurance, AD&D and short and long term disability.
“ConnectInsure will strengthen our business by providing broader visibility for our products to the broker community across Canada,” said Ashim Khemani, Liberty Health Senior Vice-President of Group Markets. “In addition, we will be able to simplify our quotation processes and provide greater efficiency to insurance brokers by making our products accessible online.”
Liberty Health is the sixth carrier to partner with Global IQX in just over a year. Global IQX has also formed partnerships with the Empire Life Insurance Company, Desjardins Financial Security, Manulife Financial, Green Shield Canada and the Clarica Life Insurance Company. Product offerings are carrier specific, and include both individual and group insurance products.
Currently, over 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, insurance 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.
Liberty Health focuses on providing its customers with the best combination of plan design, risk management and customer service while integrating echnology and effective cost management initiatives to ensure maximum value to our customers. Liberty Health is backed by one of the strongest global insurance organizations in the world, Liberty Mutual, which has been operating in Canada for more than 60 years, offering a wide range of products and services, including home and automobile insurance. The Liberty Mutual organization operates in 11 countries, has $20 billion in consolidated revenue and more than $65 billion in consolidated assets worldwide. Leading rating agencies have recognized the company’s consistent financial strength: Standard & Poor’s: A+ (Strong); A.M. Best: A+ (Superior); and Moody’s: A1 (Good). More information on Liberty Health can be obtained at www.coverme.com.
About Global IQX, Inc.
Global IQX, 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.