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November 19, 2019updated 20 Nov 2019 7:19am

National Western Life turns to Equisoft to drive digital growth

US-based National Western Life Insurance Company (NWLIC) has tapped Equisoft to replace its core legacy policy administration platform.

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Under the agreement, Equisoft will offer cloud services for the Oracle Insurance Policy Administration platform.

The move is aimed at enabling the insurer’s digital transformation.

Commenting on the alliance, Equisoft senior vice president for USA Mark DePhillips said: “We are excited to have National Western Life as a client. They are clearly committed to transforming their business into a digital model.”

As part of the agreement, data of National Western Life’s existing life and annuity policies will be transferred from their legacy platforms.

National Western Life senior vice president and CIO Greg Owen said: “Implementing a new core policy administration platform is a key component of our modernisation efforts and growth initiative.

“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.”

Part of National Western Life Group, NWLIC includes individual universal life, whole life, term insurance, among others, in its product suite.

Notably, NWLIC closed the acquisition of Ozark National Life Insurance Company and N.I.S. Financial Services earlier this year.

Meanwhile, Equisoft is a digital business solutions provider focusing on insurance and wealth sectors. This February, the firm snapped up Canadian insurtech AGEman Solutions.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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