December 19, 2010
Aktia Non-Life Insurance Company Group Streamlines its Claims processes with new Insurance Platform from Mantacore
Mantacore has signed an agreement with Aktia Non-Life Insurance Company Group concerning delivery and deployment of FlexSure™.
Aktia Group offers a broad range of solutions within banking, asset management, insurance and real estate for the Finnish market. The group has about 350,000 customers served by some seventy offices and via the Internet and telephone.
Aktia has until now been relying on an outdated claims adjustment support system. At the same time they had high ambitions in terms of developing their internal processes in a way that requires a switch to a modern system with integration abilities with other applications.
With the aim to modernize and streamline their claims adjustment processes related to present product lines eg. Motor, House, Home, Life, Yachts, Animals etc and to lay the ground for easy future adoptions to new business requirements, Aktia launched a tender for a new insurance system. The tender was won by Mantacore in competition with several international suppliers.
"FlexSure meets our needs in all essential parts, it is user friendly, flexible and easy to integrate with other systems," said Patrik Nordman, Director Claims & Legal Affairs at Aktia.
"We have high expectations when it comes to making our claims administration processes more efficient. We expect to deliver compensation decisions more quickly than before and to be able to handle an increasing number of claims with existing head-count, and to improve the service and support to our customers. Moreover, we see an enormous potential in FlexSure as a tool for development and management of future insurance products".
"For Mantacore it is a strategic success to achieve this foothold on the Finnish market with a reputable insurance group," said Finn Oskarsson, CEO of Mantacore.
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About Aktia
Aktia Group offers a broad range of solutions within banking, asset management, insurance and real estate. Geographical areas covered by the group’s business activities are the Finnish coast, the capital and growth centers in the hinterland.
The group was founded already in 1825, when the oldest still existing Finnish deposit bank was established. About 20 years ago the Aktia Savings Bank emerged as a result of a merger between the Savings Bank of Helsinki and several other savings banks in the coastal region. In the fall of 2008 the group changed its name to Aktia Bank plc and the parent company was renamed Aktia plc.
The group has about 350,000 customers, who are served by about 70 offices and over the Internet and telephone channels. Together with its partners, savings and local co-operative banks, Aktia offers financial services via a network of approximately 430 branch offices. Aktia is owned by Finnish savings bank foundations, institutions and individuals. See also www.aktia.fi
About Mantacore
Mantacore provides an end-to-end enterprise solution for the Insurance sector and has developed and deployed solutions for the Property & Casualty insurance market since 1993. The company is based in Sweden, Denmark and the UK. Mantacore is focused on developing, marketing and implementing FlexSure, our modern standard Policy & Claim Management System.
FlexSure is a modern policy administration system (PAS) with focus on agility, cost efficiency and modularity. FlexSure enables business experts to design and publish insurance products in many different distribution channels with advanced underwriting and pricing functionality. FlexSure is a fully featured PAS that handles all core insurance processes and is based on the latest Microsoft Technology.
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