{"id":74238,"date":"2021-01-01T11:37:00","date_gmt":"2021-01-01T16:37:00","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&p=74238"},"modified":"2024-05-09T14:43:26","modified_gmt":"2024-05-09T18:43:26","slug":"global-iqx-recognized-as-dominant-provider-of-new-business-underwriting-systems","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=global-iqx-recognized-as-dominant-provider-of-new-business-underwriting-systems","title":{"rendered":"Global IQX Recognized as \u201cDominant Provider\u201d of New Business & Underwriting Systems"},"content":{"rendered":"\n

Novarica recognizes insurtech Global IQX as a dominant provider of Life\/Health\/Annuity New Business and Underwriting Systems in their 2020 Market Navigator.<\/strong><\/p>\n\n\n\n

Toronto, Ont., January 2021 \u2013 Global IQX, a digital solutions provider for the employee benefits industry, was recognized by Novarica<\/a>, a research and strategic advisory firm, as a dominant provider of new business and underwriting systems for U.S. Life\/Health\/Annuity insurers in their 2020 Market Navigator report<\/a>.<\/p>\n\n\n\n

Global IQX was evaluated alongside fifteen other companies and was one of only five to be designated as a dominant provider. Global IQX is the only company recognized as a dominant provider that specializes exclusively in group and voluntary benefits.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Global IQX\u2019s Group Insurance Technology Specialization<\/strong><\/h3>\n\n\n\n

Global IQX is well-established, having served the North American group insurance market for over two decades.<\/p>\n\n\n\n

\u201cWe have always been laser-focused on group and voluntary benefits. That\u2019s one thing that hasn\u2019t changed in twenty years. As carriers increasingly seek specialized and configurable best-of-breed platforms to expand their digital ecosystems, Global IQX is in a very strong growth position for the future,\u201d says Mike de Waal, President & Founder of Global IQX.<\/p>\n\n\n\n

The Global IQX platform combines artificial intelligence with rule, content and insurance rating engines<\/a> to enable dynamic proposal and policy creation and automate renewals, among other key benefits that save time and cut costs for group insurers. The IQX Workbench supports all product lines and case size segments ranging from individual voluntary worksite benefits to groups of 300,000+ employees with complex multi-division\/class structures. The power and flexibility of being able to experience rate any group product for any group size make Global IQX a top choice for group insurance transformation.<\/p>\n\n\n\n

For more information on the IQX Platform, including IQX Workbench and its various components, please feel free to contact our team<\/a>.<\/p>\n\n\n\n

An Insurtech to Watch<\/h3>\n\n\n\n

In 2020, Global IQX was also featured as a \u201cSoftware Company to Watch\u201d in Morgan Partners\u2019 infographic<\/a> entitled \u201cEmerging Technology and Data Solutions Threaten the Traditional Underwriting Model\u201d.<\/p>\n\n\n\n

In the last three years, Global IQX has directed its R&D investments towards artificial intelligence initiatives. Global IQX has already launched two such AI initiatives (the AI Census Scrubber and New Plan Design Recommender), with an Underwriter Workload Recommender planned for Q1 2021 and nine more to be launched over the rest of the year.<\/p>\n\n\n\n

Global IQX\u2019s AI Recommendation Engine is unique in the group insurance industry and has the potential to optimize every aspect of the group and voluntary business lifecycle using predictive analytics while identifying opportunities for upselling and cross-selling.<\/p>\n\n\n\n

About Global IQX<\/h3>\n\n\n\n

Global IQX, now part of Majesco, is North America\u2019s leading AI-driven group insurance procurement technology platform for new business and renewal underwriting. Global IQX offers a suite of business-configurable modules and microservices that digitize, streamline, and automate the new business and renewal processes for the true group, experience rating for all benefit and voluntary products. Some of the world\u2019s largest insurance companies continue to benefit from the scalability, security, and configurability of our components, the IQX Workbench. For more information, visit www.majesco.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Novarica recognizes insurtech Global IQX as a dominant provider of Life\/Health\/Annuity New Business and Underwriting Systems in their 2020 Market Navigator. Toronto, Ont., January 2021 \u2013 Global IQX, a digital solutions provider for the employee benefits industry, was recognized by Novarica, a research and strategic advisory firm, as a dominant provider of new business and underwriting…<\/p>\n

View Full Resource <\/a><\/div>\n","protected":false},"featured_media":0,"template":"","solution":[],"customers":[],"partners":[],"solution-categories":[],"class_list":["post-74238","press","type-press","status-publish","hentry"],"acf":[],"yoast_head":"\nGlobal IQX Dominant Provider of New Business & Underwriting<\/title>\n<meta name=\"description\" content=\"Novarica recognizes Global IQX as a dominant provider of Life\/Health\/Annuity New Business and Underwriting Systems in their 2020 Market Navigator.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global IQX Dominant Provider of New Business & Underwriting\" \/>\n<meta property=\"og:description\" content=\"Novarica recognizes Global IQX as a dominant provider of Life\/Health\/Annuity New Business and Underwriting 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