Columbian Financial Group selects Equisoft for multi-year modernization project

PHILADELPHIA, Feb. 19, 2018 /PRNewswire/ - Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, is pleased to announce that Columbian Financial Group (CFG) has retained its services for a major modernization project in line with the insurer's long-term vision and the unique requirements of its distribution channel.

This multi-year project includes deploying Equisoft's InsuranceElements advanced suite for quotes and illustrations, electronic application and self-service portals, implementing Oracle Insurance Policy Administration, and migrating data from CFG's legacy policy administration platforms.  

CFG is a premier provider of niche insurance products including a full range of life and annuity products. The company has a proud heritage of providing affordable protection through consumer-oriented products, superior service and management's commitment to financial stability.

"We sought a vendor with an extensive track record in the life and annuity market, and a proven implementation and data migration approach," says CFG CIO Jordan Baugh. "After an extensive search, we're confident that we've selected not just a vendor or system integrator, but a true business partner."

"Combining Equisoft's InsuranceElements and the Oracle solution will allow us to efficiently add, sell and administer new products through the complete policy life cycle – from point of sale through claims processing," says Jeanne Clarke, Senior Vice President at CFG. "We look forward to taking advantage of Equisoft's insight and ability to effectively guide us through our modernization journey."

About CFG
The Columbian Financial Group of companies, which includes Columbian Mutual Life Insurance Company, Columbian Life Insurance Company, National Safety Life Insurance Company and other affiliated companies within the corporate family, is based in Binghamton, NY with administrative offices in Syracuse, NY. Columbian Mutual Life, the parent company in the group, has a 136-year heritage of growth, financial stability and strength. Columbian's mission is to make a positive difference in its policyholders' lives by enhancing financial security when needed most.  Website: cfglife.com

About Equisoft
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 nearly 300 specialized resources based in the US, Canada, Latin America, South Africa and India. Website: equisoft.com

SOURCE EquiSoft