By consolidating all lines of business on a cloud-based policy administration system integrated with advanced digital tools, the new platform will enable NSS Life to increase operational efficiency and improve agent experiences. and members.
PHILADELPHIA CREAM, September 8, 2021 / PRNewswire / – Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, today announced that the National Slovak Society of United States of America (NSS Life) chose Equisoft’s insurance platform to replace its old policy administration system. The transformation project aims to improve NSS Life’s internal processes and drive their digital transformation with a focus on the e-app and a modern portal for members and agents.
The initiative will focus on modernizing their core policy administration capabilities by implementing Equisoft / manage, a turnkey cloud-hosted (SaaS) solution using low-risk, production-ready business processes and relying on Oracle Insurance Policy Administration. The project will also provide an enhanced digital experience for members and agents throughout the policy lifecycle, including the implementation of all their insurance and annuity products, new cutting-edge tools for electronic applications. and Agent Portal, as well as data migration from existing NSS systems. life insurance and annuity certificates.
“In addition to our primary goal of improving the overall user experience for our members and agents, this project will enable us to meet ongoing regulatory and compliance requirements, as well as improve our operational and reporting capabilities.” said Joseph Stefka, Jr., President and CEO, NSS Life. “We felt that Equisoft’s assurance solutions, its expertise in data migration and its proven track record with fraternal organizations offered the best combination to help us execute our digital transformation strategy. “
“We are delighted to continue our support of the fraternal market and to welcome NSS Life as a new customer. They are clearly determined to transform their business, ”added Mark DePhillips, first vice-president of Equisoft, United States. “We look forward to working with their team to implement our product line and ensure they achieve their vision.”
Slovak National Society of United States of America (NSS Life) is a 131-year-old fraternal relief society domiciled in McMurray, Pennsylvania. NSS Life is the oldest Slovak fraternal society in America and the ninth largest fraternal organization in United States, on the basis of the admitted net assets. NSS Life’s mission is to provide their fraternal family with a sustainable measure of financial security through life insurance and annuity products; while providing charitable, cultural, social and educational opportunities that benefit its members and their communities. More information on: www.nsslife.org
Founded in 1994, Equisoft is a global provider of advanced digital insurance and investment solutions. Recognized as a valued partner by more than 250 of the world’s leading financial institutions in 16 countries, Equisoft offers innovative front-end applications, comprehensive back-office services and unique expertise in data migration. The company’s flagship products include SaaS policy administration solution, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as client, agent and broker portals. Equisoft is also Oracle’s largest and most experienced partner for the Oracle Insurance Policy Administration platform. With its business-oriented approach, in-depth industry knowledge, innovative technology and more than 800 experts based in Canada, United States, United Kingdom, Chile, Colombia, South Africa, India and in Australia, Equisoft helps clients meet any challenges in this age of digital disruption. For more information on our products and services, please visit www.equisoft.com
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