Global IQX Announces IQX Secure

Enables quick and secure data import/export

May 22, 2006, ACORD LOMA Insurance Systems Forum, Las Vegas, Nevada – A new solution from Global IQX, a specialist in component-based sales and service solutions for group benefits carriers, will enable insurance carriers handling large amounts of data to import and export it securely. A patent is pending on the innovation developed by the company’s Chief Architect Yufeng Chen and President & CEO Michael de Waal.

IQX Secure is one of components of IQX Platform enabling the processing and management of:

  • Large and sensitive data compression/decompression and/or encryption/decryption allowing the exchange of data through the network with high performance and stability.

  • Large and sensitive data compression/decompression and/or encryption/decryption allowing the exchange of data between web server(s), business application server(s) and database server(s).

  • Account information including user passwords.

IQX Platform teamed with the IQX Secure component is well suited to the requirements of very large benefit groups enabling high performance during the entire process of group benefit insurance: quoting, rating, enrollment, renewal and channel distribution.

This new component provides a broad scope for data handling and exchange. For instance, carriers will be able to quickly and securely import and export large amounts of data including census data and data from other vendors through the internet connection; benefiting from high performance and low cost.

“We are very excited about this new offering,” says Michael de Waal Global IQX Founder, President and CEO. “It was developed in response to the requirements of the employee benefits market where there is a pressing need for straight through processing for very large benefit groups.”

About Global IQX, Inc.

Global IQX, www.globaliqx.com, established in 1999, specializes in configurable, component-based sales and services automation solutions that streamline and optimize business processes for North American group benefits insurance organizations. Offered as a complete suite or individually, these solutions automate rating, underwriting, renewal and enrollment supporting all lines and market segments. Global IQX production proven solutions increase operational efficiency and reduce cost while promoting improved communication and interaction within and across departments. Developed and delivered by a team with group insurance depth and experience, these solutions give business users more control, with less dependence on IT resources. Clients include many of North America’s largest insurance companies.