Equisoft Achieves Highest Specialization Level On Oracle Insurance Policy Administration Core System

Philadelphia, February 27, 2019 - Equisoft is proud to have been confirmed yesterday as one of the first system integrators specialized on the latest certifiable version (version 11) of the Oracle Insurance Policy Administration for Life and Annuity platform (OIPA). The firm is currently working with 22 insurers on OIPA integration projects in 11 countries and in three languages. A majority of these projects are implemented on version 11.

Today, life insurance companies realize the importance of modernizing their legacy core systems to lay the foundation for new growth. Recognized as the leading policy administration solution in North America in recent analyst surveys, OIPA features several unique selling points and is the only modern system that can be integrated by third parties without requiring changes to the source code.

Having completed many OIPA implementations worldwide for Oracle, Equisoft is the largest and most experienced reseller and integrator for the platform, which covers the range of functions an insurance company needs for the back-office support of group, individual, health, life, annuities and investment-like products.

"Equisoft not only has the largest number of OIPA rules developers in the market, but we have also developed an extensive toolset of OIPA accelerators over the years for illustrations, electronic applications, commissions and group templates. This know-how enables us to speed up integration and reduce the cost for insurers of all sizes," explains Olivier Lafontaine, Chief Product Officer at Equisoft.

Equisoft was the very first Oracle partner to achieve the OIPA V10 specialization last year, and earning this new level of certification demonstrates the firm's continued commitment to remain at the forefront of Oracle Policy Administration System integrations.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program - an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

About Equisoft

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 350 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: www.equisoft.com

Source: Jean Sabbagh, Vice President, Marketing, Equisoft, 1.888.989.3141, ext. 122, jean.sabbagh@equisoft.com