Federated Life partners with Global IQX to offer online sales capabilities

Bookmark and Share

Alliance with Federated Life to bring Critical Illness products to ConnectInsure portal

OTTAWA, Ontario � July 13, 2004 � Global IQX Inc., the leader in integrated e-business automation solutions for the group life and health insurance industry, today announced a distribution and licencing agreement with Federated Life.

Federated Life will distribute its Critical Illness Protection products through the ConnectInsure™ insurance portal at www.connectinsure.com. ConnectInsure™, developed by Global IQX currently enables 2500 financial advisors, brokers and other certified benefit planners manage their clients better while streamlining their business processes by offering instant online, comparative insurance quotations, proposals and enrollment from multiple carriers on a secure 24 hour basis.

“It’s a proven web-based solution that will help Federated Life efficiently achieve its growth objectives and better serve its broker community�, said Doug Curtis VP Business Development of Federated Life.

As well, Global IQX will licence its IQX Engine™, it’s propriety business rules engine to quote the Critical Illness products.

�We are happy to add Critical Illness product to ConnectInsure and are equally pleased in the confidence Federated Life has shown in us�, said Michael de Waal, president and founder of Global IQX.

About Federated Life Corporation

The Federated Insurance Companies of Canada are 100% Canadian owned subsidiaries of Fairfax Financial Holdings Limited headquartered in Winnipeg, Manitoba. Licenced in all provinces, Federated offers property, automobile, general liability, life, and health insurance products for commercial businesses and personal lines markets.

About Global IQX Inc.

Global IQX Inc. is a leading provider of integrated e-business automation solutions for the group life and health insurance industry. Our offerings streamline quoting, insurance rating, proposal generation and enrolment processing to reduce costs, eliminate errors and accelerate sales cycles. Solutions are carrier specific, and include both individual and group insurance products. Global IQX also powers privately labelled portals and the ConnectInsure online exchange.

Clients have included Empire Life, Manulife Financial, Maritime Life, Principle Financial Group, Sun Life Financial, UnumProvident, Canada Life Assurance Company, Clarica, Liberty Health, Desjardins Financial Security, and Green Shield Canada. Global IQX is a fast-growing private company, recognized by Branham 300 as one of the 25 Up and Comers. The company is headquartered in Ottawa, Canada. For more information, visit our web site at www.globaliqx.com.