Equisoft Article Background Image

Equisoft's CEO, Luis Romero, Explains Legacy System Challenges and Data Migration Solutions

Press Release

Montreal, February 5th, 2019 Many life insurance and annuity companies have embarked on a digital transformation journey. But it can be difficult for them to successfully embrace their digital future and realize all of the associated benefits when they still have twenty or thirty-year-old legacy systems in their administrative environment.

These outdated systems make new product innovation very difficult and costly both in terms of dollars and time. This can greatly increase the risk that life insurers and annuity companies will fall behind their traditional competitors and the newer, born-digital companies that don't face the same legacy challenges.

In this short video, watch Equisoft's CEO Luis Romero talk about the legacy challenges companies face.

In order to accelerate and maximize the value of these transformation projects, insurers are implementing consolidation strategies that enable larger returns on their core transformation investment.

Universal Conversion Technologies (UCT), an Equisoft subsidiary, is a leader in data migration who provides sound technical advice and end-to-end data migration solutions that will put your organization on the road to unlocking the hidden value in your enterprise legacy systems.

To learn more about how UCT can help you in your digital transformation journey, read Oracle's article Administrative Consolidation - A Strategy for Success in Insurance featuring Mike Allee, President of UCT here.

Learn more about UCT.

Learn more about Oracle Insurance.

Related Content

ITC Vegas Equisoft to host forum on client experience in life insurance

Corporate News

InsureTech Connect: Equisoft to Host Digital Acceleration Forum to Help Insurers Re-Engineer their End-to-End Customer Experience

As the Official Life & Annuities Sponsor at InsureTech Connect for a fifth consecutive year, Equisoft will hold a pre-conference Digital Acceleration Forum to tackle the key challenges and highlight innovative trends around “Re-Engineering Your End-to-End Customer Experience”.
Read Press Release
Equisoft Ranks Among Canadas Top Growing Companies Globe Mail

Corporate News

Equisoft Ranks Among Canada’s Top Growing Companies

Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, is proud to announce being featured in the Globe and Mail’s 2021 Report on Business ranking of Canada’s Top Growing Companies.
Read Press Release
Equisoft Celent Research Getting Value from Data An Insurers Perspective

Corporate News

Celent & Equisoft exclusive insurance research reveals: 91% of carriers are prioritizing the use of data and analytic technologies to inform decisions on pricing

In a new report commissioned by Equisoft, global research firm Celent presents the findings of an executive study aiming to understand how North American insurers are actually creating value from their data.
Read Press Release