The IQX Configuration Modules equip you with the ability to create and modify IQX Workbench components for control and flexibility. Changes are reflected across the platform in real-time or can be set for future effective dates. Update business rules, rating formulae, proposal and document templates and reports for full platform configurability.
Channel Manager is a central directory where permissions are managed for users, offices and agencies across IQX components. It offers the ability to handle the entitlement of users including producers, brokers, and advisors as well as sales representatives and managers. Roles are designated to specific features and functionality allowing business users to operate independently from IT.
Business Rule Management (BRM) is a recognized best practice for businesses that operate in environments where products, policies, and regulations are complex and fast changing. Global IQX® technology affords carriers with the option to maintain and administer their own business rules, thereby reducing ongoing maintenance costs and improving time to results in changing market conditions.
Insurance carriers are starting to more aggressively seek out solutions to help them improve operational efficiencies and deliver better service to customers,” according to Craig Weber, CEO at Celent, LLC an independent technology research firm. “In terms of distribution, independent agents have made it abundantly clear that underwriting speed and process support often drive their decisions to place business with one carrier versus another.