Polish Roman Catholic Union of America selects Equisoft to modernize its policy administration platform
PHILADELPHIA, Sept. 4, 2018 /PRNewswire/ - Equisoft, a leading global provider of digital business solutions for the insurance and wealth industries, is pleased to announce that it has been selected by the Polish Roman Catholic Union of America (PRCUA) to perform a complete overhaul of the Fraternal Society's legacy policy administration systems.
The transformation project involves implementing the Fraternal's line of life and annuity products into the Oracle Insurance Policy Administration (OIPA) platform, as well as migrating data from their two existing policy administration systems.
PRCUA's strategic decision to implement a modern policy administration platform will deliver several competitive advantages. For example, it will provide operational efficiencies through the automation of manual processes and enable PRCUA to create, market, and administer new products more easily and at a faster pace, while reducing costs throughout the life cycle.
"We are excited to team up with Equisoft because of their extensive track record of success in leading implementation efforts and personalizing platforms," says Micheline 'Misia' Jaminski, PRCUA Vice President. "PRCUA has a unique set of fraternal needs. We are looking forward to using the OIPA platform to scale and meet those requirements."
About the PRCUA
The Polish Roman Catholic Union of America (PRCUA) is the oldest Polish American Fraternal in America. It was founded in 1873 in the spirit of brotherhood to unite and help Polish immigrants. Currently licensed in 27 states, PRCUA has developed into a dynamic fraternal benefit society, whose Life Insurance and Annuity certificates rank among the best offered. Members participate in ownership of the organization, as well as community programs, scholarships, and other activities that maintain a high quality of life. PRCUA offers fraternal programs, member benefits and financial services to nearly 50,000 members in the Polish American community across the United States and is headquartered in Chicago, IL. Website: PRCUA.org
About Equisoft
Founded in 1994, Equisoft is a global provider of advanced digital solutions for the insurance and wealth management industries. Recognized as a valued partner by some of the world's leading financial institutions, Equisoft offers innovative front-end applications, extensive back‑office services and unique data migration expertise. The firm's industry-leading products include WealthElements, InsuranceElements, Kronos Finance, Kronos FNA, Personal Retirement Optimizer and RetireWare. With its business-driven approach, deep industry knowledge and state-of-the-art technology, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Equisoft has a growing team of nearly 400 specialized resources based in the USA, Canada, Latin America, South Africa and India. Website: equisoft.com
SOURCE Equisoft
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