Philadelphia, April 9, 2019 – Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, is pleased to announce that it has been selected by Assurant to upgrade its core legacy policy administration system to support its Preneed and Final Expense business.
As part of this technology update, Equisoft will implement and provide cloud services for the Oracle Insurance Policy Administration platform. This multi-year engagement will also involve a major data migration of Assurant’s existing insurance policies from their current, aging legacy platform.
“During our extensive system search, we were impressed with both the knowledge and experience of the Equisoft team and the capabilities of the policy administration platform,” says Lisa Young, VP, Global Preneed Operations at Assurant. “The flexibility of the common business rules in the Oracle platform were important in helping us make our decision.”
“We are very fortunate to have Assurant as our latest client,” added Mark DePhillips, Equisoft’s Senior Vice President, USA. “We look forward to working with the Assurant team to deliver a successful project.”
Assurant, Inc. (NYSE: AIZ) is a global provider of risk management solutions, protecting where consumers live and the goods they buy. A Fortune 500 company, Assurant focuses on the housing and lifestyle markets, and is among the market leaders in mobile device protection and related services; extended service contracts; vehicle protection products; pre-funded funeral insurance; renters insurance; and lender-placed homeowners insurance. Assurant has a market presence in 21 countries, while its Assurant Foundation works to support and improve communities. Learn more at assurant.com or on Twitter @AssurantNews.
Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 375 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Website: equisoft.com
Jean Sabbagh, Vice President, Marketing, Equisoft, 1.888.989.3141, ext. 122, firstname.lastname@example.org