Oslo, November 26, 2020 – Itello subsidiary Eikos AS has signed a contract with KLP, Norway’s largest pension company and the dominant player in the municipal sector. The five-year contract assigns Eikos with the task of managing a certain portfolio of pension policies. Eikos will provide both system and portfolio administration. The new assignment builds on a longstanding partnership where Eikos has delivered systems as well as consulting services to KLP for more than a decade.
“We are proud to be trusted by KLP for this challenging assignment. This confirms our position as the leading Norwegian company for managing complex life and pension portfolios and the strong capabilities and flexibility offered by our Njord system,” says Øyvind Grini, CEO, Eikos AS.
While covering a limited part of KLP’s broad range of pension policies, the assignment requires an administration system capable of managing complex products, as well as expertise on the Norwegian pension system and regulations.
“We know Eikos as a reliable partner and a skilled supplier of life insurance- and pension management systems and are pleased to have entered into a partnership for administration and delivery of continuation pension coverage. They are perfectly qualified for this portfolio management assignment,” says Per Christian Standerholen, director at KLP.
For more information, please contact:
Øyvind Grini, CEO, Eikos AS, +47 901 16 630, firstname.lastname@example.org
Christine Blinke, CMO, Itello: +46 73 668 60 08, email@example.com
Oslo-based Eikos AS is an actuarial consultancy firm, offering systems and services to pension funds and suppliers within the financial industry. Eikos provides the Njord policy administration system tailored for the Norwegian market, covering both collective and individual pension policies.
Eikos’ customers include domestic and international insurance companies, fund managers, insurance brokers, corporations, law and auditing firms. Since 2019, Eikos is a wholly-owned subsidiary of Itello.
Itello is the insurtech company committed to the digital transformation of the life and pensions industry. We help L&P providers undertake the safest path through digital transformation, anchored around our specialized Policy Administration Environment products.