USAble Life and Florida Combined Life Insurance Company, benefits insurance carriers with about $55 billion of insurance in force, will deploy Global IQX’s Sales and Underwriting Workbench for underwriting, rating, illustrations and reports.
The companies, which are parented by holding company Life & Specialty Ventures (LSV), will license Global IQX’s rating and quoting engine, proposal generation, product configuration and report components.
“We were impressed with Global IQX’s software. Once successfully implemented, it will give us increased market agility and allow us to streamline the sales and underwriting process with quicker turnaround times,” said LSV Executive Vice President Edward A. Murphy. “We look forward to its implementation as we continue to grow our business and provide increased support to our business partners.”
Global IQX describes the carriers as committed to straight-through processing and efficiency. "We look forward to a successful partnership with LSV as they gain market advantages using our technology," says CEO Mike de Waal.
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