Equisoft

We are proud to announce that National Guardian Life Insurance Company (NGL) has chosen Equisoft’s SaaS policy administration system solution for a comprehensive digital modernization of its Preneed life business capabilities. Brian Saperstein, NGL's Chief Digital Officer, noted, “Equisoft’s understanding of the Preneed marketplace and their automated integration capabilities will reshape our systems for future growth.” Read the full press release for more: https://hubs.li/Q02Xhkg-0 #insuranceinnovation #digitalmodernization

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 bests 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: https://lnkd.in/eNZZQDZ3 This month we’re continuing our exploration of best practices for insurers embarking on policy admin system modernization projects. Specifically, around how to successfully identify the composition of the vendor’s implementation team and which roles are critical to ensuring project success.

The fear of change has the biggest potential to hold individuals and companies back? But how do you combat that? Karen Leggett, Global CMO at Manulife, believes that when it comes to introducing transformation and change, it's about encouraging people to become active participants and innovators. Check out our full conversation with Karen for more strategies on how to stay ahead of the times and bring your team with you: https://hubs.li/Q02Y4Fhs0 #DigitalTransformation #LifeInsuranceInnovation

Welcome to the Equisoft Life Accelerated Podcast Newsletter! Each month, we bring you key takeaways and insights from our latest podcast episodes. This month, we dive into Manulife’s journey with artificial intelligence, showcasing the company’s impressive achievements—from elevating customer satisfaction to transforming underwriting processes. This episode is a must-listen for anyone interested in the future of insurance, AI integration, and driving a purpose-driven digital transformation.

A critical challenge for all insurers is that no budget is unlimited, whether Tier-1 giants or smaller fraternals. This means that commitment, innovative solutions, creative partnerships and good decision-making are required to achieve digital transformation. Check out this article to learn how life insurance executives are solving the resource constraint challenge: https://hubs.li/Q02WWNwY0

Transforming decades of legacy data comes with unique challenges. These projects often involve millions of records, creating an immediate need to decide which data to transform or make reversible. Adding to the complexity, many older systems lack standard data checks, leading to issues with data quality, duplication, and inconsistent formatting. https://hubs.li/Q02WWSSL0 #datamigration #digitaltransformation

What lessons can the life insurance industry learn from Walt Disney - the creator of one of the most loved cartoon characters – Mickey Mouse and the mastermind behind the “happiest place on earth” – Disney World? Check this article to tap into the practices and behavior that make Disney so successful. https://hubs.li/Q02X9L-f0

Ready to kick off your PAS modernization the right way? Download our eBook now for expert guidance: https://hubs.li/Q02WWNzG0 Shocking findings from McKinsey & Company state that less than 30% of PAS modernization projects succeed each year, with just 16% delivering lasting performance improvements. 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. #lifeinsurance #digitaltransformation

Digitization empowers insurers to provide clear and timely information, enhancing customer confidence and trust. Policyholders can easily access their information online, monitor their policies, and receive and submit real-time updates, fostering a sense of control. Discover how digitizing customer data can elevate the customer experience for policyholders in our latest webinar: https://hubs.li/Q02WCxFz0

As the life insurance industry adapts to new challenges and opportunities, the role of advisors and their partnerships with distributors is more critical than ever. We're interested to hear from you!