Life Insurer Selects Global IQX Solution for their Group Benefits System
Staff Writer | June 04, 2014
Global IQX announces that The Co-operators Life Insurance Company had selected its platform for underwriting, rating, illustrations and reports for its employee benefits and worksite products. The Co-operators will also configure and utilize Global IQX's Sales and Underwriting Workbench.
The Co-operators serves clients throughout Canada with a complete portfolio of group benefits products including life, disability, dental, health, medical, and critical illness, as well as employee assistance programs.
“We were impressed with the way Global IQX’s software is designed to allow it to be easily configured and integrated with other solutions for a streamlined insurance experience,” says Conor Quinn, vice president, group benefits insurance for The Co-operators. “With it, we will be able to expedite sales and underwriting turnaround times and enhance our business and technology capabilities. Global IQX is a partner that knows group insurance and has a proven solution.”
“Increasing market agility and driving down costs are high on the list for most group carriers,” says Craig Weber, CEO of research and advisory firm Celent. “Tools like this, aimed at facilitating complex underwriting scenarios and enhancing administrative capabilities, are of immense promise and important to remaining competitive.”
“We are very happy to have The Co-operators as a client,” commented Mike de Waal, CEO at Global IQX. “We recognize and are pleased to support The Co-operators commitment to operational speed and efficiency, while achieving significant cost savings, and look forward to helping them achieve their corporate goals and objectives while staying true to their roots and vision."
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