Canada’s leading group insurance carrier to sell products via ConnectInsure portal
OTTAWA, Ontario – January 6, 2003 – Global IQX Inc., developer of the ConnectInsure Web-based quoting service that enables insurance brokers and consultants to conduct online quotations and enrolment transactions, today announced a partnership with Sun Life Financial, Canada’s leading group insurance carrier.
“This is a major win for us,” said Michael de Waal, president and founder of Global IQX. “As a key player in the group insurance industry, Sun Life Financial’s presence on the ConnectInsure portal will add value for insurance professionals across Canada who are registered to use the service.”
The partnership will bring Sun Life Financial’s group benefits product, SunAdvantage, to the ConnectInsure Web site at www.connectinsure.com. This will enable licensed insurance professionals to access instant, online quotations from Sun Life Financial, alongside other major Canadian insurance carriers.
“ConnectInsure provides a natural fit for Sun Life Financial’s online initiatives,” said Greta Cusworth, Vice President of Group Benefits, Sun Life Financial. “Research shows the demand for online financial services is gaining momentum, and this partnership enables us to provide comparative insurance quotations to brokers and advisors with the speed, ease and convenience they are looking for.”
Sun Life Financial is the eighth Canadian insurance carrier to partner with Global IQX since its incorporation in 2000. Global IQX has also formed partnerships with the Canada Life Assurance Company, Liberty Health, Empire Life Insurance Company, Desjardins Financial Security, Manulife Financial, Green Shield Canada and Clarica Life Insurance (now Sun Life Financial). Product offerings are carrier specific, and include both individual and group insurance products.
Currently, over 1,500 licensed insurance brokers and consultants in Canada are registered with ConnectInsure, a Web-based application powered by the IQX Platform. Available free of charge, ConnectInsure provides plan advisors, brokers and other certified benefit planners access to an instant, insurance quoting service online. Traditionally, benefit advisors and brokers have needed four to six weeks to gather the detailed information for a client quote and presentation. ConnectInsure delivers all the same information in a few minutes.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of September 30, 2002, the Sun Life Financial group of companies had total assets under management of CDN $346.9 billion.
Sun Life Financial Services of Canada Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol “SLF”.
About Global IQX Inc.
Global IQX is the developer of the IQX� Engine, IQX� SEMCI Engine and the IQX� Platform, a suite of component-based quoting, distribution and enrolment software for the insurance industry. The company also powers an online exchange called ConnectInsure, which is designed to automate the quoting and enrolment of insurance plans. Global IQX has streamlined the traditional process for supplying insurance quotations, saving registered brokers and insurance carriers time and money. Global IQX’s major partners include Sun Life Financial, Canada Life Assurance Company, Liberty Health, Empire Life Insurance Company, Desjardins Financial Security, Manulife Financial, Green Shield Canada and Clarica Life Insurance. Product offerings are carrier specific, and include both individual and group insurance products. Headquartered in Ottawa, Global IQX is a privately owned corporation launched in March 2000. For more information, please visit the Global IQX Web site at www.globaliqx.com.