ClearView Wealth has moved its in-force life insurance and closed book portfolios to cloud-based administration firm Equisoft.
“The complexity of migrating decades of policy data from our legacy system cannot be overstated,” said Michael New, Chief Technology Officer, ClearView.
“Equisoft’s partnership ensured a smooth migration with zero data loss. The result is a simplified and modern architecture that will allow us to be a nimble tech enabled challenger in the Australian life insurance market.”
New said the move marks a significant milestone in ClearView’s digital transformation strategy, positioning the insurer for technology-led growth.
The announcement follows news that ClearView Wealth is to be purchased by Zurich, subject to regulatory approval. See our report: Zurich to Acquire ClearView Wealth
