(Image credit: Caidrro/Unsplash.)
Equisoft (Montreal), a global digital solutions provider to the financial industry, has announced the completion of the first phase of its engagement with Guardian Life Limited (GLL; Kingston, Jamaica), a member of Guardian Group, the region’s largest insurance organization. The first phase comprised implementation of the system for individual and Group Health products as well as Group Life products. The system is built on the Oracle Insurance Policy Administration platform, serving as a cloud-based destination for a legacy systems consolidation. The rapid deployment of this complex project required integrations with several internal and external systems, an Equisoft statement notes.
“Implementing Equisoft/manage from our legacy systems enables us to launch products faster and consolidate multiple PAS into one modern system,” comments Eric Hosin, Group Head of Life, Health, and Pensions, Guardian Holdings Limited, the carrier’s parent company. “Equisoft’s insurance solutions, data migration expertise, and proven track record in the Caribbean offer us the best combination to implement our digital transformation strategy.”
During the course of the project, Equisoft’s data conversion and migration company, Universal Conversion Technologies(UCT; Addison, Texas) will be a key partner for the successful implementation of the modernization program.
Legacy System Consolidation on the Cloud, Rapidly Concluded
“We are proud to partner with Guardian Life Limited, a company that is committed to providing their customers with the best digital experience, and we are thrilled that this complex project was implemented in a short period of time,” comments Ruben Veerasamy, SVP, Caribbean, Equisoft. “Consolidating their legacy systems into one modern, cloud-based platform will enable them to become even more agile, accelerate product innovation and streamline operations. This partnership adds to our growing list of more than a dozen projects completed in the region.”
The second phase of the engagement will involve implementation of remaining lines of business, according to an Equisoft source.