Global IQX Wins Shenandoah Life Deal

Ottawa, Ontario - Shenandoah Life Insurance Co., Roanoke , Va. , has licensed the Global IQX software platform to provide capabilities for online quoting, rating, proposal generation, underwriting, renewal management and detailed reporting.

A mutual insurance company that was founded in 1914, Shenandoah Life is licensed in 31 states and the District of Columbia, and market individual life, health and annuity products and group vision, dental, life and disability products to various markets - most notably senior citizens, families and businesses.

After a thorough evaluation process that considered the offerings of the leading quote and rating automation vendors in North America, Shenandoah Life chose the platform from Global IQX, an Ottawa , Ontario , provider of business automation and business process management solutions, as the best scalable solution to support the company's straight-through processing (STP) platform for their group insurance business.

To be implemented in two phases, the project's scope includes the design, implementation and testing of a packaged rating and quotation solution, and its associated processes for supporting Shenandoah Life's group vision, dental, disability and life insurance products. The project scope also includes extracting data for use in other Shenandoah Life systems.

"In 2007, we made significant investments in our Web-based service and straight-through processing (STP) systems," said Gene Berry, CLU, ChFC, CIO and senior VP, Insurance Services. "Our investment in the Global IQX platform reflects our continued commitment to providing superior service to our brokers and policyholders."

Source:Global IQX