Swiss Re Corporate Solutions (SRCS), the commercial insurance arm of reinsurer Swiss Re, has announced a strategic agreement to bring Finnish insurer LocalTapiola onto its International Programme Administration (IPA) platform.
The agreement also gives the Finnish insurer access to SRCS’ network of over 150 local offices and network partners.
The collaboration supports LocalTapiola’s ambitions to grow its corporate business book by competing as lead for international programme business.
SRCS’ IPA platform software enables LocalTapiola to manage and deliver structured and compliant multinational programmes to its corporate customers.
IPA allows for efficient policy issuance, information management and knowledge exchange from a single online platform.
LocalTapiola will also use ONE Form, Swiss Re Corporate Solutions’ globally standardised property policy. ONE Form is embedded in the IPA platform, thus automating local policy issuance.
As a result, LocalTapiola’s corporate customers will benefit from higher policy accuracy, increased contract certainty and faster processes.
This collaboration builds on the existing business relationship between LocalTapiola and the Swiss Re Group.
“Our collaboration with LocalTapiola marks a new milestone on our journey to advance the insurance industry,“ stated Andreas Berger, CEO Swiss Re Corporate Solutions.
“Enabling other insurers – and their customers – to benefit from our digital International Programme Administration platform underlines our ambition to simplify complex international programme delivery through technology.“
Jari Sundström, Managing Director at LocalTapiola General Mutual Insurance Company, added, “Together with Swiss Re Corporate Solutions, we are able to offer for our corporate clients a reliable way to have accurate and compliant insurance policies reflecting the needs of over 150 international markets through a single point of contact.“
