Tieto welcomes Escali as a partner in the Insurance-in-a-Box (iiB) ecosystem.
Launched in May this year, iiB is a Tieto digital startup platform enabling insurers to launch new products in less than two months.
Escali’s solutions fit the iiB ecoystem perfectly. Not only does Escali bring the Solvency II supervision and reporting tool on board, they also have products that help in Data management, Risk Management & Financial reporting. Tailored to meet insurers’ needs in a Solvency II environment, Escali’s products offer an effective solution for supervisory reporting and risk calculations. Full fund look through functionality enables market risk SCR calculations to be performed with ease.
Christian Segersven, Executive Vice President, Financial Services, Tieto, comments on the partnership:
“The Escali solutions help the Insurance-in-a-Box offering to be more complete from the financial compliance perspective. I am sure our customers will greatly benefit from the partnership. I am glad to welcome them aboard!”
Gerdt Vedeler, CEO, Escali, comments:
“Escali are delighted to become a partner in the Insurance-in-a-Box ecosystem. Insurance-in-a-Box is a comprehensive toolkit which embraces the latest technology. Our systems are perfectly suited to the iiB platform, offering financial compliance alongside other best-in-class systems. We look forward to working with Tieto and their customers!”
About Tieto Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be our customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com
About Escali Escali is a leading provider of software solutions for management of financial instruments, supervisory reporting and Risk Management. Headquartered in Norway, Escali has customers in countries such as the U.K, Norway, Sweden and Cyprus. www.escali.no/insurance