Assurant Selects Equisoft for Multi-Year System Upgrade and Data Migration Project

The vendor will implement and provide cloud services for the Oracle Insurance Policy Administration platform and undertake a major data migration of existing policies from Assurant’s legacy system.

(Image credit: Edgar Oliver.)

Assurant, Inc. (New York), a global provider of risk management solutions, has selected Equisoft, a Montreal-based global provider of digital business solutions for the insurance and wealth industries, to upgrade its core legacy policy administration system in support of its Preneed and Final Expense business.

Lisa Young, VP, Global Preneed Operations, Assurant.

As part of this technology update, Equisoft says it will implement and provide cloud services for Assurant’s instance of the Oracle Insurance Policy Administration platform. The multi-year engagement will also involve a major data migration of Assurant’s existing insurance policies from its legacy platform.

Knowledge and Experience

“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,” comments Lisa Young, VP, Global Preneed Operations, 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,” comments Mark DePhillips, SVP, USA, Equisoft. “We look forward to working with the Assurant team to deliver a successful project.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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