Overview
Equisoft/Manage
A SaaS policy administration solution using low-risk, production-ready digital business processes.
Equisoft/Manage is a cloud-based, turnkey solution that allows you to take advantage of new digital opportunities while meeting the increasingly complex challenges of the insurance industry. This innovative SaaS offering is ideal for carriers seeking to build their online brand, foster client engagement and gain market share with peace of mind and shorter timelines. Equisoft /Manage features leading-edge front-end tools that integrate seamlessly with the Oracle Insurance Policy Administration for Life and Annuity system, currently the best platform on the market. The Equisoft/manage offering supports all insurance product lines.
Key Features
Infrastructure & Managed Services
- Equisoft handles fully-managed administration of core system policy administration, patches, hot-fixes, redundancies, and disaster recovery
- Carrier is only required to connect their on-premises network to the Azure cloud subscription.
- Very light IT involvement from staff.
- Carrier receives an enterprise-grade solution without the IT complexity
- Scale down: Carrier not required to purchase expensive enterprise licenses they may not need or be able to fully take advantage
Off the shelf product availability
- Speed to market
- No dependency on key internal individuals
- Lower cost
- Allows carriers to focus on insurance product offering, not how to support it or the operational transactions
- Supports a functional Final Expense Whole Life Product
- Can quickly be leveraged for other fixed premium or term products
- Development of fixed, variable and indexed annuity functionality underway
Scalable Pricing
- Pay per usage
- Per policy pricing commensurate with volumes
- Storage can expand as data needs & product offering grow
Growing list of pre-integrated 3rd party services
- Building the following pre-built integration into the platform
- Bank NSF, Correspondence/Document Generation, Actuarial extracts
- MIB/Milliman
- USPS
- OFAC
Key Benefits
- Best of breed design and business process
- Common rules framework is geared towards operational efficiencies
- Lower implementation timeline and budget
- End-to-end functionality for life, annuities, and group in a single platform
- Out of the box online portal for agents and customers
- State of the art technology that performs and scales