Mexico-based GNP Seguros is in the process of implementing Equisoft’s cloud-based policy administration solution that uses OIPA (Oracle Insurance Policy Administration) as its core.

With this implementation, GNP Seguros will continue its transformation, thanks to Equisoft, and offer innovative products.

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“At GNP Seguros we are always looking for the best technologies to further enhance our operations and benefit our clients. After a rigorous selection process, Equisoft/manage stood out as the platform with the best technical and functional capabilities,” said Isabel Remus, Director of IT Services at GNP Seguros.

“We are very excited to join GNP Seguros in this important digital transformation project, it is a great honor that they have chosen us as their technology partner. I am sure that by working together we will continue to build a technological and operational model that drives innovation,” added Mauricio Monroy, Vice President for Latin America at Equisoft.

Earlier in the year, Equisoft implemented its Equisoft/manage policy administration system at Seguros Banorte.

This means that 27 million policies from 31 products and 104 plans within the Seguros Banorte Group’s life insurance arm have migrated.

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In addition, the system has streamlined and business operations have been automated. As a result, business has accelerated and operational costs have decreased.

Furthermore, the introduction of monitoring and validation tools ensured data accuracy and increased fraud prevention capabilities. The agility of the core system provides Seguros Banorte with autonomous control over product changes and gives them a modern platform on which to build future innovation that drives growth.