MONTREAL, Oct. 4, 2017 /CNW Telbec/ - Equisoft, a leading provider of digital business solutions for the insurance and wealth industries, recently became the world's first system integrator specialized on the latest certifiable version (version 10) of the Oracle Insurance Policy Administration (OIPA) for Life and Annuity platform.
Having completed many OIPA implementations worldwide to date for Oracle, Equisoft is an experienced reseller and integrator for the Oracle insurance platform, which covers the range of functions an insurance company needs for the back-office support of group, individual, investment-like products, life, annuities and health. Achieving this new level of certification demonstrates Equisoft's continued commitment to remain at the forefront of Oracle Policy Administration System integrations.
According to Srini Venkat, Vice President, Global Insurance and Healthcare Solutions and Sales Support at Oracle: "Equisoft not only has an in-depth knowledge of the platform, but they also have developed an extensive toolset of OIPA accelerators over the years for illustrations, electronic application, as well as commissions and group templates. This know-how really helps to speed up the integration and reduce the cost for insurers of all sizes."
An industry facing digital transformation challenges
Many life insurance companies are considering or undertaking digital transformations to compete more successfully in today's rapidly evolving marketplace. Oracle and Equisoft understand the importance of these profound changes and want insurers to maximize return on investment while ensuring a smooth transition.
Equisoft is currently working with 20 insurers on Oracle Insurance Policy Administration integration projects involving implementation and ongoing support in 11 countries and in three languages, the majority of which are version 10.
Founded in 1994, Equisoft offers advanced digital business solutions to its clients in the insurance and wealth management industries to support their growth. The firm develops and markets innovative front-end applications (InsuranceElements and WealthElements) featuring industry-leading user interfaces and state-of-the-art technology. In addition, Equisoft is an Oracle Insurance Policy Administration integration partner for some 20 carriers globally. To complete this unique offering, Equisoft brings extensive experience in data migration through its subsidiary Universal Conversion Technologies (UCT). Equisoft has a growing team of over 250 specialized resources based in the US, Canada, Latin America, South Africa and India. Website: www.equisoft.com
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE: ORCL), please visit us at http://cloud.oracle.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.
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