National Western Life Selects Equisoft to Accelerate its Growth Strategy - InsuranceNewsNet

Get the magazine read by the nation’s top 1% of producers delivered to your door monthly. Subscribe Now

InsuranceNewsNet

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home
Topics
  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property & Casualty
  • Advisor News
  • Washington Wire
  • Sponsored Content
  • INN Exclusives
  • Newswires
  • INNsider
  • INN Exclusives
  • NewsWires
  • Magazine
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • ★ Regulation News
  • Magazine
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Susbcribe

Get Social

  • Facebook
  • Twitter
  • LinkedIn
  • Google+
Insider
Press Releases
 All Press Releases     Submit Press Release

National Western Life Selects Equisoft to Accelerate its Growth Strategy

Philadelphia, November 18, 2019 – Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, announced today that it has been selected by National Western Life Insurance Company to replace its core legacy policy administration system to support its digital growth initiatives.

As part of this modernization project, Equisoft will implement and provide cloud services for the Oracle Insurance Policy Administration platform. This multi-year engagement will also involve a major data migration of National Western Life’s existing life and annuity policies from their existing legacy platforms.

“Implementing a new core policy administration platform is a key component of our modernization efforts and growth initiative,” said Greg Owen, SVP & CIO at National Western Life. “The flexibility of a modern, configurable and scalable solution such as the Oracle platform certainly impressed us and the depth of experience that Equisoft brings to a project was also key in helping us make our decision.”

“We are excited to have National Western Life as a client. They are clearly committed to transforming their business into a digital model,” added Mark DePhillips, Equisoft’s Senior Vice President, USA. “We look forward to working with their team to deliver a successful project and ensure that they achieve their goals.”

About National Western Life  

National Western Life Group, Inc. ("Company") is the parent organization of National Western Life Insurance Company (NWLIC). Founded in 1956, NWLIC is a stock life insurance company offering a broad portfolio of individual universal life, whole life and term insurance plans, as well as annuity products. NWLIC has approximately 280 employees and 27,500 contracted independent agents, brokers, and consultants. At September 30, 2019, the Company maintained consolidated total assets of $12.6 billion, stockholders' equity of $2.1 billion, and life insurance inforce of $23.7 billion.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back-office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 400 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial organization tackle any challenge in this new era of digital disruption. Website: equisoft.com

- 30 -

CONTACT:

Patrick D. Johnson, Vice President, Human Resources, 1-512-836-1010, [email protected]

Jean Sabbagh, Vice President, Marketing, Equisoft, 1-888-989-3141, ext. 122, [email protected]

Advisor News

  • Vanguard: Expect 2020 U.S. Economic Growth To Tail Off
  • Rep. Waters: House Passes Financial Services Bill Banning Insider Trading
  • Citi Outlook 2020: Global Growth Can Endure Over The Coming Year
  • LPL Financial Launches No-Transaction-Fee, Exchange-Traded Fund Network
  • 16 Year-End Financial Planning Tips From The AICPA
More Advisor News

Annuity News

  • Robert Kerzner Joins PHP Agency’s Board Of Directors
  • Patriot Life Insurance Co. Boosts Life & Annuities Underwriting Capabilities
  • Commentary: Ned Ryerson Is Just As Cool As Gordon Gekko
  • Industry, Consumer Reps Take Final Whack At NAIC Annuity Sales Rule
  • MassMutual Study Finds Employers Worried About Employees’ Financial Woes
More Annuity News

Health/Employee Benefits

  • Rising Prices Drive Up Health Spending, Even As Use Remains Steady
  • US Report: Prescription Drug Prices Down Slightly Last Year
  • Milliman Analysis: Corporate Pension Funding Rises By $15B In November
  • Poll: Most In U.S. Still Favor Private Healthcare, But Numbers Falling
  • Survey: Most Consumers Satisfied With Their Health Insurance
More Health/Employee Benefits

Life Insurance

  • Pacific Life Sells Aviation Capital Group To Tokyo Century Corp.
  • Robert Kerzner Joins PHP Agency’s Board Of Directors
  • Florida Man Convicted Of Murdering Wife For Life Insurance
  • LIMRA: 3Q Life Insurance Sales Driven By 7% Bump In IUL
  • Foresters Financial Updates Underwriting To Cover Pot Smokers
More Life Insurance

Featured Offers

Text Ads

Press ReleasesAll press releases

  • Brookstone Capital Management Expands Darryl Ronconi’s Role, Naming Him President and Chief Operating Officer
  • WoodmenLife Launches Unified Selling Experience for Agents with iPipeline
  • National Western Life Selects Equisoft to Accelerate its Growth Strategy
  • Peter M. Bakker Agency awarded first Insurance Agency Apprenticeship in the State of Connecticut
  • iPipeline’s New Global Website Features Extensive SSG Digital Platform Offering
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty News
  • Advisor News
  • Washington Wire
  • Regulation

Top Sections

  • INN Exclusives
  • INN Insider

Our Company

  • About
  • Editorial Staff
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter Google+
© 2019 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.