EquiSoft: Delivering The Best Solutions And Successful Implementations

The financial crisis has slowed the advancement of investment technology in the wealth management and insurance industries. Companies are leaner; needing to do more faster and with less staff. The internet has accelerated the need to continuously innovate with new products. Furthermore, legacy systems often depend on technologies which are no longer supported.

EquiSoft, headed by President and CEO Luis Romero, develops its own software, such as WealthElements and InsuranceElements, and also integrates Oracle Insurance Policy Administration (OIPA).

WealthElements helps financial advisors grow their business by generating best in-class investment and insurance proposals. WealthElements performs financial needs analysis, retirement and insurance needs analysis and asset allocation.

InsuranceElements help insurance companies build best in-class illustrations and electronic applications. The solution is appreciated for its user friendly software and high quality reporting capabilities. It can be used as a web application as well as a disconnected mode with full synchronization of system parameters and client data. InsuranceElements can recycle existing calc engines or use the Oracle Insurance Calculation Engine (OICE) for rapid development of complex insurance, annuity and health products. Insurers can be 100% independent on InsuranceElements configuration and evolution.

Also, EquiSoft is the only Certified Oracle Insurance Policy Administration (OIPA) Integrator. According to Gartner, Oracle OIPA is the leading life, annuity and health policy administration system on the market. OIPA’s rules engine allows EquiSoft to transform insurance companies cover systems (new business and underwriting, policy administration and claims) without ever modifying the source code. All insurers share the same source code and can also become 100% independent on future development and evolution.

The key factor that differentiates EquiSoft from their competitors is business understanding. For over 20 years, EquiSoft has delivered the best solutions and successful implementations as a result of their industry knowledge and experience. All solutions have been successfully implemented to large and small financial institutions and EquiSoft’s services has been proven to adapt to all business environments.

To ensure successful implementation, EquiSoft has developed an iterative implementation methodology tailored for OIPA and InsuranceElements which provides the financial institution visibility into the project within weeks to ensure this is a joint business and IT initiative. Every six weeks, EquiSoft delivers a working version of the new system for the client to test. This iterative approach ensures that the users learn about the full potential of the OIPA as it is implemented.

With offices in the USA, Canada, South Africa and Latin America, EquiSoft not only offers proximity to its customers, but also a critical understanding of the local financial environment.

“As mentioned earlier, the financial crisis has stalled the evolution of investment technology. Companies are forced to offer more with less staff”, says Luis.

EquiSoft’s WealthElements, creates opportunities for financial advisors. InsuranceElements and OIPA allow insurers to develop and market new products that will differentiate them in the market place.

With over 100 clients, EquiSoft services some of the largest institutions, banks, fund companies and insurance companies on the market.

“A tier 2 U.S. life company, specializing in the senior market with life and annuity products, with distribution through more than 10,000 independent agents uses EquiSoft’s InsuranceElements for illustrations and electronic application and OIPA for its new business and underwriting, policy administration and claims management,” says Luis.

Moving forward EquiSoft will focus its investments in its front-end tools WealthElements and InsuranceElements. Each of their products will be launching innovative features in the coming months.


Send your email to