Skandia, one of Sweden’s leading life insurance companies, has chosen to update its IT support with leading-edge standard systems from the fintech company Itello.
Through the multi-annual agreement with Itello, Skandia will have access to insurance industry standard functionality through Itello’s leading business system, Inca. The agreement also covers Itello’s services to ensure the implementation.
Skandia will, through its decision, replace existing systems for a selected business area. The joint efforts of implementing Inca has commenced.
„It’s a new and exciting step for us to initiate the course towards using standard systems for parts of our core business. It is an important step to simplify our internal processes and scope of systems,“ says Anna-Carin Söderblom Agius, COO, Skandia.
„Earning the trust to support Skandia’s modernization of IT support is of course an important mission for Itello. We are convinced that Skandia’s expertise will further strengthen the development of our products,“ says Per Agélii, CEO of Itello.
Skandia is a leading life insurance company in Sweden that has given people financial security for 160 years through a strong tradition of product development and community engagement. Skandia creates a richer life for people through solutions for retirement, health and savings. Skandia has 2 million customers, 2,500 employees and a managed capital of 600 billion SEK.
For more information, please contact: Fredrik Törnblom, Head of Spar Products & Offer Development, +46 8 788 10 00.
A fintech company since 2003, developing business systems and digital solutions for more efficient administration of pensions, life insurance and savings in the Nordic area. With our broad industry knowledge and skills in system development, we build the new generation business systems and digital solutions for the pension and insurance industry.