Hello, welcome to this issue of Equisoft Insights, a monthly newsletter which shares strategies, insights and resources that help insurers accelerate their digital transformation. Each month we’ll cover insurance technology best practices and solutions to the industry’s largest challenges—from Policy Administration System (PAS) modernization to enhancing advisor engagement. You can learn more about Equisoft and our solutions here. This month we’re continuing our exploration of best practices for insurers embarking on policy admin system modernization projects. Specifically, how to build internal modernization project teams when resources are tight and you don’t have a lot of staff.
Equisoft
IT Services and IT Consulting
Montréal, Québec 34,770 followers
A global provider of insurance and investment software solutions.
About us
Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions in 16 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 partner for the OIPA platform. With its business-driven approach, deep industry knowledge, innovative technology, and more than 700 experts based in Canada, USA, UK, Chile, Colombia, South Africa, India and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information about our products and services, please visit our website.
- Website
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https://www.equisoft.com
External link for Equisoft
- Industry
- IT Services and IT Consulting
- Company size
- 501-1,000 employees
- Headquarters
- Montréal, Québec
- Type
- Privately Held
- Founded
- 1994
- Specialties
- Data Conversion and migration, AdminServer, Asset Allocation, CRM, Financial Needs Analysis, Oracle Insurance Policy Administration, Electronic Application, Insurance Illustrations, Wealth Management, insurance solutions, insurance software, policy administration system, and agency management system
Locations
Employees at Equisoft
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Howard Finnegan
Equisoft UK provides innovative solutions to the Life, Pensions, Investment and Wealth Management sectors
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Sophia Bennaceur, MBA
Executive Leader | Finance, Operations & Information Technology | Strategic Planning | Risk Governance | Business Restructuring & Transformation |…
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Olivier Lafontaine
Visionary Chief Product Officer @ Equisoft | Engineering, Product Strategy
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Bruno Leduc
Updates
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Shocking findings from McKinsey & Company: Less than 30% of PAS Modernization projects succeed each year, with just 16% delivering lasting performance improvements. What do these results show us? A well-run project kick-off doesn't guarantee success, but a poorly executed one can put your entire project at risk and have a significant impact on your company. To help you navigate the crucial phases required to kick off a PAS modernization project successfully, we've interviewed two seasoned senior project managers with extensive experience in modernization projects. They've shared invaluable insights, highlighting key questions and considerations to ensure your project's success right from the start. Ready to kick off your PAS modernization the right way? Download our eBook now for expert guidance: https://hubs.li/Q030H_9Z0 #lifeinsurance #digitaltransformation
How to Kick Off a PAS Modernization Project (eBook) | Equisoft
equisoft.com
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We are excited to introduce the Insurance Knowledge Hubs a groundbreaking approach to accessing information in the insurance industry! https://hubs.li/Q030H-Ry0 Whether you're an industry professional, policyholder, student, or researcher, these hubs provide a 360-degree perspective on critical topics within the insurance industry. Covering crucial aspects such as Customer Experience, Data Management, Distribution Optimization, and Policy Administration System (PAS) modernization, our hubs are designed to guide you through a successful digital transformation journey.
Equisoft Insurance Knowledge Hubs
equisoft.com
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How can value be delivered throughout the entire customer experience? For Protective, the answer to that question is an interaction matrix model. This model assesses discrete types of customer interactions based on two criteria: complexity and customer value. To find out more about Protective’s customer centricity strategy, check out this article: https://hubs.li/Q02-pqrJ0
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Digital transformation doesn’t always mean adopting new technologies quickly. Western & Southern CIO Jim Fitzgerald says they actually slowed down to make the right choices. Listen today: https://hubs.li/Q0303VFq0 #digitaltransformtion #lifeinsurance #modernization
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🎄✨ Happy Holidays from Equisoft! ✨🎄 As the year comes to an end, we want to take a moment to express our heartfelt gratitude to our clients, partners, and colleagues. Your trust and collaboration have made this year a success, and we're excited for what the future holds. May your holidays be filled with joy, peace, and time spent with loved ones!
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"Are our algorithms representing the underrepresented?" This was one of the most profound questions asked at InsureTech Connect Conference 2022. Why? 🔺Life insurance plays a central role in households’ financial security – and this is a big responsibility that carriers must own. 🔺Accepting diversity and mitigating any type of bias starts with the insurer and will benefit the insurer. 🔺Accurate data is key to uncovering true customer expectations and delivering a superior customer experience. #lifeinsurance #customerexperience #datamigration
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