Nordic pension giant chooses Inca in public cloud from Itello
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Fora will administrate 4 million insured and manage 1.6 Billion EUR in premiums a year in Inca
Nordic pension giant chooses Inca in public cloud from Itello
Fora will administrate 4 million insured and manage 1.6 Billion EUR in premiums a year in Inca
Fora is a service company with a customer-driven approach that makes it easy for companies and employees to review their collectively agreed pensions and life insurances in Sweden. Fora manage over 500 active occupational pension plans; all served by Inca when in production.
Daily, Fora ensure that collectively procured premiums, and fees are correctly managed, calculated, billed and transferred. This will be seen in the light of increased requirements and expectations for flexibility and digitisation. Therefore, Fora is strengthening its operation for the future and increasing the opportunity to offer cost-effective services and products that meet our partners' and customers' expectations and needs by implementing a cloud-first strategy.
"We are very proud to have earned additional trust from Fora. The contract strengthens our strategic partnership and confirms the competitive strength of our cloud offering of Inca. By relocation their business-critical IT system to the cloud, Fora is really on the leading edge of technical and digital development in the life and pension industry," says Mats Lillienberg, CEO of Itello.
Cloud-first strategy compliant with GDPR and financial supervisory authority requirements regarding outsources IT-operations
When Fora and Itello signed the initial agreement in fall 2018, the deployment method of Inca was not set. Traditionally, organisations in the life and pension industry have chosen an on-premise deployment of Inca and a hosting partner. During the spring 2019 Fora rolled out their cloud-first strategy by replacing their on-prem SAP implementation with a cloud-based general ledger system.
Next step was to review the options to enable the chosen policy administration system Inca. The procurement process included several offerings from carefully selected providers.
Itello winning public cloud solution is based on Microsoft Azure and best practice blueprints for outsourced IT-operation governed by local financial supervisory authorities in the Nordic countries to ensure full compliance and guaranteed availability.
The decision to enable Inca on Microsoft Azure is based on the regulatory commitment Microsoft has shown to the Swedish finance industry and dialogue with Sweden's financial supervisory authority – Finansinspektionen and the technology provided by Microsoft. The cloud enables Itello to do what Itello do best; provide the Nordic market's leading Policy Administration System Inca for the life insurance and pension industry. The chosen cloud platform enables access to general tools for Business Intelligence, predictive analysis, (deep) Machine Learning from Microsoft and their partners.
With Microsoft Azure, Itello can safely take advantage of the cloud to offer our customers a service with proven technology at the forefront. We are achieving cost efficiency, highest available security and compliance, total redundancy and, not least, a flexible and scalable service. To achieve guaranteed availability, Itello includes all core parts in the service such as fully redundant and scalable infrastructure, 24/7 monitoring, installation services, compliance and more. All this to enable Fora to focus on their core business.
"This is very inspiring for Itello, our first customer for our cloud enablement of Inca will be one of the largest PAS installations in a public cloud in the Nordic countries. With the deal and Fora in production, Itello will be able to continue to enhance our services, letting our customer focus on their core business", says Fredrik Aminoff Product Manager for Inca SaaS. Itello Live is the name of our service to consume Inca as a SaaS with a set of managed services and service SLA.
"With Itello Live, Inca is complemented with a cloud-based managed application service that also makes Itello responsible for the availability and, in turn, gives Fora a better opportunity to focus on business," says Christoffer Eile, CIO of Fora.
The contract includes a proof-of-concept of the services that will go live in production in 2020 when successful.
For more information, contact:
Salifou Bah, head of the SaaS business area, +46 70 295 22 64, sallo.bah@itello.se