(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.
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.”