Quoting and Rating Engines

Global IQX’s Quoting and Rating Engines takes you through the new business quoting process with consistency, speed and a full-picture view that will allow you to write more business in less time.

The IQX Rating Engine performs complex calculations, manual or experience-rated, for all employee benefits products during both the sales process and at renewal. Business rule-driven in design, the rating engine easily incorporates the most complicated of algorithms to provide accurate rates of all products quoted in seconds. Dynamic web pages and SMART functionality guide sales and underwriting departments through the quoting lifecycle; contributing to fewer errors, less re-entry of data, higher conversion rates and lower distribution, maintenance, and support costs.

As a result, customers typically see a significant reduction in quoting time. Changes are easily configurable for business users.