Tieto launches digital start-up platform for Life & Pension Insurance
18 October 2018
Tieto’s Insurance-in-a-Box [iiB] is launched for Life and Pension Insurance at the Digital Insurance Agenda (DIA) 2018 conference today in Munich.
The original iiB for General Insurance was introduced in Q4, 2017 and is highly successful. It enables insurers to kick-start their digital transformation effortlessly and supports an agile ‘try fast – fail fast’ mentality. The expansion to Life & Pension lines of businesses is the natural next step for the success story. The new launch utilizes the existing iiB platform but is enriched with new functionalities enabled by a growing partner ecosystem and APIs.
The ecosystem has been fortified with new players, who bring best-in-class solutions into the mix creating additional value for our customers. These include Ortec Finance (NL), the goal-based savings solution, extending the functionality to wealth management; AdInsure (SI) policy administration system; and Kidbrooke Advisory (SE) for middle office functions, Verifone (FI) for payments and EyeOnId (SE) for identity security.
Insurance-in-a-Box is a revolutionary platform enabling a digital start-up journey. It has the ability to rapidly integrate partner accelerators and open APIs for banking, wealth management and social media. With iiB for Life and Pension, an insurer can go-to-market in less than 100 days, whereas iiB for General Insurance can be launched in less than 2 months. The platform offers an optimum cost-benefit ratio and supports various provisioning methods with its pre-integrated partner solutions and white-label approach.
“I believe that the iiB platform is the perfect tool for insurers to build new business models and embark on a risk mitigated modernization & transformation journey supported by the latest technology accelerators”, says Sameer Datye, Head of business development Insurance & Wealth Management at Tieto.
Sameer Datye, Head of business development Insurance and Wealth management, Tieto. phone: +358 40 7166492, e-mail: email@example.com
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 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