TORONTO, Ontario – EDS today announced that Hub Financial, a division of HUB International, has gone live with EDS SOLCORP’s IDEX on the WealthServ platform. HUB is the first MGA in Canada to complete the integration of IDEX data messaging and transformation services directly into the WealthServ solution, positioning the company at the forefront of the industry for data exchange.
The WealthServ-IDEX environment provides an open system for transparent data exchange, mapping and data conversion. It collects data from an originator, converts it to any required format (XML, ACORD XM-Life, mutual fund data standards, legacy files and others) and delivers it in real-time. The state-of-the-art configuration at HUB is integrated with their corporate financial systems and supports new business, commissions, client management and compliance controls.
“Implementing IDEX on the WealthServ platform has enabled our brokers to deliver services to their clients at a level unparalleled in the industry,” said Terri DiFlorio, President of Hub Financial. “With 24 hour availability via the Internet, automated updates, data feeds and seamless data exchange between all points in our distribution channel, our brokers can concentrate on the sales process and leave the rest to us.”
“HUB Financial is the first MGA in Canada to use direct carrier feeds to update their systems,” said Todd Haney, Product Manager, EDS SOLCORP. “Their requirements have established a new standard in Canadian insurance and we’re excited to have played a part in their accomplishment.”
WealthServ Insurance is a fully outsourced, Web-based solution, providing brokers with the ability to complete and send applications and forms, track business in real-time, and view and administrate pending and in-force business, through a single interface.
About Hub International
Hub Financial is a subsidiary of Hub International Limited, Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada. Hub Financial is, by volume, the number one insurance MGA in Canada. www.hubinternational.com
About EDS SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and services for the life insurance and wealth management industries. For 25 years, EDS SOLCORP solutions have helped customers reduce their total cost of administration, accelerate time to market for new products, and streamline their infrastructure. Visit us at solcorp.com.
EDS (NYSE: EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.