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INSURANCE TECHNOLOGY NEWS

Columbian Financial Group Selects Equisoft For Multi-Year Modernization Project

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.”


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