Itello strengthens the board with two merit members, Malin Björkmo and Anette Norberg. The two new board members have comprehensive experience from different roles in the Nordic Life insurance industry in addition to the challenges and opportunities that the industry faces.
Itello is a well-established software company with a clear focus on streamlining administration through automation and digitization for the insurance industry’s all players.
“I am very pleased that we recruited two highly qualified people within Itello’s specific business area. We strengthen the board with long experience and profound expertise from the pension and life insurance industry as well as the regulatory framework that affects industry players,” says Peter Larsson, chairman of Itello.
“This is two top recruitments. We already have a very strong team today. Now we are strengthening the team with deep industry knowledge and how financial regulations affect our products and industry to take the next step and continue to be a strong partner to the insurance industry’s players,” says Mats Lillienberg, CEO of Itello.
Regulatory compliance places greater demands on the insurance industry’s players
Over the past decade, we have seen how more and more regulations affect the financial industry. Itello has chosen a unique way to offer customers continuous support for new regulations. Gartner has noted this in his latest Magic Quadrant analysis of European PAS suppliers. It allows our customers to take advantage of the new regulations. IORP2 is one of the latest regulations that create debate in the industry.
Malin Bjökmo has long experience from corporate governance, asset management and the implementation and application of financial regulations. She is currently working as an advisor with a focus on the insurance industry. responsible for the area of insurance at Finansinspektionen, asset management manager at Skandia Liv and CEO of Storebrand Liv’s Swedish branch. Malin Björkmo currently has a number of board assignments in the financial sector.
New product and customer offer create new business models for the insurance industry
We are seeing more and more players who bundle savings, insurance and health. It creates new business models and requirements for governance, follow-up and effective digital customer dialogue and effective payroll solutions. Several insurance companies are considering replacing their policy administration systems for health insurance and defined contribution pensions. Our customers can create further synergies with the investments they made in our solutions. Today there are over 11.7 million policies with a value of more than 750 billion SEK in Inca.
Anette Norberg has 30 years of experience in the insurance industry in senior positions as chief executive officer, board member, executive director and product manager. She has a unique experience in preference and defined-contribution pensions as well as in a wide range of life insurance companies, profit sharing companies, bank assurance, mutual companies and health insurance.
In addition to the new members, the Board of Directors of Itello consists of Chairman of the Board Peter Larsson. The board members Thomas Bill, Gustav Lagercrantz and Hans von Knorring and Johan Berg.
For more information, please contact:
Peter Larsson, Chairman of the Board: +46 8 20 05 56
Mats Lillienberg, CEO, Itello: +46 8 4109 4000