MONTREAL, Sept. 23, 2016 /PRNewswire/ - EquiSoft is pleased to announce the addition of a new team of technology experts located in Hyderabad, India. This office opening will allow EquiSoft to considerably broaden the range of resource mix options for its client base in the Asia‑Pacific region and around the world.
EquiSoft is a leader in the design and development of digital business solutions for the wealth and insurance industries. The company is also the only global specialized integrator for the Oracle Insurance Policy Administration (OIPA) solution, owing to its deep expertise in processes within new business, underwriting, compensation management, policy servicing and claims management.
Developing new opportunities globally
"We are increasingly being presented with business opportunities in the Asia-Pacific region, said Simon Richardson, Regional Director for EMEA & APAC. It can be very challenging to effectively support a delivery in that part of the globe, when most of your resources are in North America or even South Africa. Since we had already planned to expand our business development activities in that region, we decided to establish a local capability that can also be leveraged to serve our global clients more effectively."
All EquiSoft resources, in every location, have industry-specific expertise. They have access to a wealth of knowledge gained by the company over the past 20 years, by working successfully with major global insurance companies and other financial institutions.
Adding to the mix of resource options
"Over the years, we've completed numerous integration projects and system upgrades, and as certified OIPA integrators, we could see the importance of hiring resources that are highly specialized, said EquiSoft Founder and CEO Luis Romero. It's not just a question of lower cost and lower risk on the initial project, but it's really important in the long run to avoid refactoring costs that could have a significant impact."
With its growing team of experts now based on four continents and in different time zones, EquiSoft has the capacity to provide its clients with onshore, nearshore and offshore resources that are not only knowledgeable, but also very experienced in the insurance and wealth industries. This ensures that clients can benefit from lower manpower costs, lower implementation risk, multi-cultural and multi-disciplined resources, as well as lower maintenance costs in the long term.
"Our business strategy is very simple, added Romero. We aim to meet our client's needs by offering the best mix of options in terms of technology and expertise, which allow them to achieve success in their projects, save substantial costs in the long term and ultimately deliver value to their end customers."
About EquiSoft Inc.
Founded in 1994, EquiSoft offers innovative business solutions to its clients in the insurance and wealth management industries to support their growth through the use of highly specialized and cost-effective technologies. In addition to being an Oracle OIPA integration partner for more than 15 carriers globally, EquiSoft also develops and markets innovative front-end applications (InsuranceElements and WealthElements) recognized as having industry-leading user interface and state-of-the-art technology. To complete this unique offering, EquiSoft also brings extensive experience in data migration through its subsidiary, Universal Conversion Technologies (UCT). Recipient of the 2016 Outstanding Service Provider Award by Wealth Professionals, the company has a growing team of nearly 250 specialized resources based in Canada, the US, Latin America, South Africa and India.