Folksam featured in The CEO Magazine
“We’ve had a history of asking for too much flexibility and saying we’re a unique company and therefore we need unique solutions. I do not think that is the case. Of course, every company is unique, but we want to have more standardised products and not use too many suppliers”. says Jens Henriksson CEO at Folksam in an article in the October issue of The CEO Magazine.
He continues, “Suppliers need to deliver things that are more off the shell; cheaper and less tailor made. Everyone then gets pumped up and says you can close down three systems by having this system alone, and that is going to be a big selling point for us. For example, we have had a good relationship with Itello. Basically, we are putting a lot of confidence in them by asking them to deliver Inca since we are going to use that system. I don’t want to get into the specifics of exactly how.”
We could not agree more, as all players in the life insurance industry are facing the same challenges, it makes sense to share the cost of an industrywide systems for life insurance and benefit from the expertise our professionals have. We have listed five key benefits for life insurance companies implementing an industrywide insurance system:
- Make transformation happen
- Increase the Interactivity in many dimensions
- Knowledge put in system creates wisdom
- Gives you the control that is required
- Keeping low costs in a connected world is a necessity
The five key benefits and more of an industry wide system, forms a sustainable strategy for your future. From now on you can focus on what really matters – your customers and transforming your business to utilize the potential in the opportunities the digitalisation creates. No hassle on which way to take to the future.