Assuria, the leading insurance company in Suriname, is taking a significant step forward in its digital transformation journey by partnering with Equisoft, a global leader in digital solutions for the financial industry. Assuria is implementing Equisoft/manage, a modern cloud-based policy administration solution, along with Equisoft/illustrate and Equisoft/apply, digital sales and service solutions. This strategic move will empower Assuria to adapt swiftly to new regulations, capitalize on market changes, and launch new products quickly.
Mario Merhai, Chief Executive Officer of Assuria, highlights the importance of partnering with a company that offers best-in-class solutions globally and brings extensive experience to the region. He states, “Equisoft’s strong reputation and modern platform give us a solid foundation from which to grow quickly and adapt to changes in the market.”
Ruben Veerasamy, Senior Vice President, Caribbean at Equisoft, expresses excitement about the partnership, emphasizing that Assuria joins a growing family of Equisoft clients across the Caribbean. He believes this collaboration will build an agile and robust set of digital capabilities that drive innovation and growth within Assuria.
Equisoft’s comprehensive suite of solutions provides a complete ecosystem, ranging from innovative front-end applications to extensive back-office services and specialized data migration expertise. Their flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, and customer, agent, and broker portals. Equisoft is also recognized as Oracle’s largest and most experienced partner for the OIPA platform.
With a business-driven approach, deep industry knowledge, innovative technology, and a multicultural team of experts across the globe, Equisoft empowers clients to overcome challenges in the digital landscape.
Assuria, as the largest financial institution in Suriname, has a history of expansion and acquisition. They have acquired several insurance companies in Trinidad and Tobago and Guyana, and in 2023 acquired Sagicor’s portfolio in Curacao. The Assuria Group, through its subsidiaries, offers life, pension, health, and general insurance services across Suriname, Guyana, Trinidad and Tobago, and several other Caribbean islands. This strategic partnership with Equisoft signifies Assuria’s commitment to embracing innovation and strengthening its position as a leader in the financial services sector.
