Seguros Banorte drives digital transformation with Equisoft's modern policy administration system and migrates 27 million policies [Yahoo! Finance]
GRUPO FINC BANORTE S/ADR (GBOOY)
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Source: Yahoo! Finance
MONTREAL April 3, 2024 /PRNewswire/ - Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the successful implementation of the Equisoft/manage policy administration system (PAS) that uses OIPA as its core at Seguros Banorte, Mexico . This go-live includes the migration of 27 million policies, from 31 products and 104 plans within Seguros Banorte's Group Life Insurance business division. With the implementation of Equisoft/manage, many of the complex manual processes have been eliminated. The new system has notably streamlined and automated their business operations. This has accelerated the flow of business, reduced bottlenecks, lowered operational costs, and ultimately improved customer and agent experiences. The introduction of monitoring and validation tools ensured data accuracy and increased fraud prevention capabilities. The agility of the new core system provides Seguros Banorte with autonomous control over product change
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