Columbian Financial Group (CFG) has continued Equisoft, a digital solutions provider for insurance and wealth industries to provide modernization project in line with its long-term vision and requirements.
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.
CFG chief information officer Jordan Baugh said: "We sought a vendor with an extensive track record in the life and annuity market, and a proven implementation and data migration approach.
"After an extensive search, we're confident that we've selected not just a vendor or system integrator, but a true business partner."
CFG senior vice president Jeanne Clarke said: "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.
"We look forward to taking advantage of Equisoft's insight and ability to effectively guide us through our modernization journey."