Beneva Selects Global IQX for Group Benefits Underwriting

Canada’s largest mutual insurer will use Global IQX software to streamline group insurance new business and renewals.

(Image source: Beneva homepage.)

Beneva (Quebec), Canada’s largest mutual insurer Canada, has chosen Global IQX (Ottawa) Sales & Underwriting Workbench as its underwriting tool for new business and renewals.

Eric Trudel, EVP, Beneva.

Beneva sought a best-of-breed new-business and renewal system, in both French and English, for its digital ecosystem for group insurance, according to a Global IQX statement. The company says its end-to-end automation, granular configurability, powerful integrative capabilities, and domain expertise in the Canadian group benefits market influenced Beneva’s decision, according to the Global IQX statement.

“We needed a modern, agile system for new business and renewals with state-of-the-art tools for underwriting and renewing our group business,” comments Eric Trudel, EVP, and group insurance lead, Beneva. “We chose Global IQX as our long-term solution to simplify our business processes, yield faster turnaround times, and improve our partners’ digital experience. It will also allow us to provide our plan sponsors and advisors with online tools to simplify doing business with Beneva.”

“We’re excited about this new partnership with Beneva and look forward to supporting them in achieving their digital transformation,” comments Mike de Waal, CEO, Global IQX. “Leveraging our platform will help Beneva stay at the top in this fast-evolving market that demands that carriers deliver advanced digital capabilities and fast turnaround times.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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