Chicago, IL, Jan. 15, 2020 – A Fortune 100 U.S. insurer has chosen Global IQX, a provider of sales and service automation software and artificial intelligence tools to the employee benefits insurance industry, to deliver business process automation for its group benefits division.
The company will use the Global IQX solution to automate quoting, rating, proposal generation and renewals. The software will be fully integrated with the carrier’s policy administration and claims systems.
Global IQX was selected based on its proven track record of delivering business and insurtech solutions to world-class insurance carriers for more than fifteen years. The system expected to be live later this year will deliver a superior digital experience for underwriters, brokers and clients, driving faster turn around times, increased revenue.
“We’re thrilled to be part of this industry-leading insurer’s transformation project,” said Mike de Waal, Global IQX CEO. “Over the last couple of years, we significantly invested in a variety of enhancements including machine learning to support effective digital business transformation.”
The latest version of the software provides a full quote-to-proposal and automated renewal solution for a host of individual, true group and voluntary insurance products while allowing business users to make changes using configuration modules.
About Global IQX
A leading provider of cloud-based and on-premise employee benefits software, Global IQX offers a suite of business configurable modules and microservices that digitize, streamline and automate new-business and renewal processes for employee and voluntary benefits. It covers true group and experience rating for all group and voluntary products from small to large national accounts. The Global IQX Platform uses AI and powerful rule, content and rating engines to enable dynamic proposal and policy creation, seamless enrollment and automated renewals. API and web services allow for integration into third-party systems. Global IQX supports life, health, AD&D, voluntary, worksite, disability, critical illness, vision, and dental insurance. Global IQX serves some of the world’s largest insurance companies.