MONTERREY, January 12, 2021 - Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, announced that it has been chosen by Seguros Banorte to modernize the company’s policy administration processes and support its life insurance business line.
Seguros Banorte is one of Mexico’s leading insurance companies. The company offers a complete and diverse portfolio of life insurance products, including Income, Term Life, Traditional, Whole Life, Endowment, and Non-Traditional Life Plans.
As part of this technology upgrade, Equisoft will migrate Seguros Banorte’s existing life insurance portfolio from its legacy systems to the Oracle Insurance Policy Administration for Life and Annuity (OIPA), in addition to configuring products and processes and ensuring seamless integration with the applications that make up its business ecosystem.
The project is already underway and will be implemented using the Equisoft/manage offer, a low-risk SaaS policy management solution. It is expected to launch in early January 2021.
“We are extremely proud to now count Seguros Banorte among our clients,” said Mauricio Monroy, Vice President, LATAM and Spain at Equisoft. “This is proof of our growing presence and solid reputation in the region. We believe that our Equisoft/manage solution is the perfect answer for insurers looking to modernize with minimal risk and maximum flexibility, and we are working closely with the Seguros Banorte team to deliver a successful project.”
Designed for quick and easy transformations, Equisoft/manage is a turnkey policy administration solution, hosted on the cloud by Equisoft, using low-risk, production-ready digital business processes. Built on the OIPA platform, it is turbocharged with a state-of-the-art self-service portal for advisors, plan administrators, and individual customers.
Founded in 1994, Equisoft is a global provider of advanced insurance and wealth digital solutions. Recognized as a valued partner by over 75 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back-office services and unique data migration expertise. The firm’s flagship products include a SaaS policy administration solution, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s largest and most experienced integration partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and some 500 experts based in the USA, Canada, Chile, Colombia, South Africa, India and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption.
For more information: Mauricio Monroy, Vice President for Latin America, Equisoft, +1-305-916-0389, mauricio.monroy@Equisoft.com