How One Carrier Accelerated Innovation by Implementing OIPA

How One Carrier Accelerated Innovation by Implementing OIPA

Discover how this insurance carrier, a global leader in Consumer Protection and Final Expense products, transformed their product development capabilities and back-office operations by replacing their legacy policy administration systems with OIPA - the Oracle Insurance Policy Administration platform.

Discover how they:

  • Overcame unique UX, Data and code challenges to their modernization project
  • Made the best platform and integration partner choices
  • Quickly became autonomous on the OIPA platform
  • Successfully migrated their data from the legacy systems to OIPA
Equisoft

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Why Partner with Equisoft

Modern businesses require flexibility and scalability. OIPA brought exactly that to the table. Its operational efficiencies allowed the carrier to seamlessly make policy changes, while its business enablement features meant all final expense operations could be consolidated onto one potent platform.

The carrier selected Equisoft as the implementation, data migration, and cloud provider partner for the project because Equisoft is the largest, most successful global OIPA integrator: 90% of OIPA integrations are completed by Equisoft, with a 100% success rate

Results

The transformation witnessed post the OIPA implementation was profound. Over 150,000 policies were successfully migrated to the new PAS, with 85,000 of them actively serving customers. What's more, the new platform eliminated the need for extensive coding when product changes needed to be made or new products were developed—accelerating innovation at the company and making them far more responsive to market demands.

Dive Deeper with Our Case Study

This comprehensive case study provides an in-depth look into the carrier’s policy administration challenges, the solution they implemented, and the remarkable outcomes achieved.

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