Case Study: Columbian Financial Group modernizes policy administration with Equisoft

How a Modern Policy Admin Solution Transformed Columbian Financial Group

Columbian Financial Group (CFG), a long-standing provider of life insurance and annuities, was burdened by a costly and complex landscape of four legacy policy administration systems. This outdated infrastructure hindered their growth, made it difficult to launch new products, and created a pressing need to comply with new industry regulations. To address this, they partnered with vendor Equisoft to implement a modern policy administration solution, Oracle Insurance Policy Administration (OIPA), and consolidate their systems.

Equisoft implemented and integrated the OIPA platform, enabling CFG to successfully launch three new compliant products and retire its legacy systems. The solution streamlined workflows, integrated with numerous third-party services, and provided CFG's internal team with the training to become self-sufficient. As a result, Equisoft helped CFG accelerate product development, make operations easier, and lower its total cost of ownership.

Columbian Financial Group