Swiss Re Corporate Solutions announces collaboration with LocalTapiola to deliver International Programme Administration (IPA) platform and Network Services
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- The IPA platform allows LocalTapiola to manage structured and compliant international programmes
- LocalTapiola will gain access to Swiss Re Corporate Solutions' network of over 150 local offices and network partners
- Property customers of LocalTapiola to benefit from ONE Form, a globally standardised property policy
- Collaboration supports LocalTapiola's desire to grow its corporate business book and ability to serve clients abroad
Swiss Re Corporate Solutions announces a strategic agreement to bring LocalTapiola onto its International Programme Administration (IPA) platform. Additionally, the agreement gives the Finnish insurer access to Swiss Re Corporate Solutions' 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.
Swiss Re Corporate Solutions' state-of-the-art 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, said: "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."
With IPA, Swiss Re Corporate Solutions offers insurers, brokers and broker networks an innovative Software-as-a-Service (SaaS) platform to support international programme structuring. In October 2019, the company entered its first collaboration with the global broker network Brokerslink. Swiss Re Corporate Solutions will continue to develop the IPA platform as an open market standard.