iQcodex

iQcodex

93 Coolidge Road
Concord, MA 01742

W http://www.iqcodex.com

Contact: Saibal Sen

E mike.barr@watertrace.com

P (781) 226-8489

Company Description

Description of Product or Services you would like to promote in the Association:

iQcodex is a leading insurtech providing a process and workflow automation applications platform that encompasses data handling for schemes/program administration. With our solutions, carriers, MGAs, DUAEs, and Program Administrators can realise the immediate benefits of automating tasks, handling disparate data, and getting in control for cost reduction, new product development, risk reduction, and staying on top of ever-changing compliance regulations.

How does your product or service specifically target/benefit Program Administrators:

The best part of our software is that for greenfield situations, administrators can use our out-of-the-box solutions for instant use. For those program administrators who have an existing setup, our tools can fill in the gaps with easy integration capabilities. In either situation, our no-code solution provides the fastest implementation and a mechanism for continuous improvements i.e. a fully agile mode with no downtime.

What differentiates your product from others in the marketplace?

There are four advantages which are why we have 80% of the London Markets along with quite a few US Carriers and MGAs. 
The first is that over the years we have created a wide range of use cases that are available to our clients right out of the box. So our clients can get instant best-practice solutions such as onboarding, bordereau processing, claims handling, risk assessment, binder management and systems integration into other enterprise systems in house. 
Second one is that our solution is like play-doh. We can implement clients' current mode of operation instantly and then evolve to a fully digital solution with the target end-state functionality without any downtimes. This capability is also helpful to incorporate changes in an agile mode to adapt to market demands and regulations. 
Third, our tools are simple to learn which allows carriers, MGAs and program administrators to implement and modify them themselves if they so desire. 
Finally, our combination of consulting and no-code platform enables the shortest and most efficient time for deployment.