Inca has full support for the distribution of insurance products and pension schemes. Offers can be created, extended, calculated and signed via our portal solutions for brokers.

The structure of Inca makes it possible to administer life insurance policies, defined benefit plans, group insurance and products for long-term savings. Inca manages and has full support for premium defined products distributed as traditional life insurance, unit-linked life insurance and insurance policies linked to external depo systems.

New product offers are created quickly and cost-effectively by reusing the business and enterprise rules of earlier products. This facilitates the effective administration of the latest offers. External partners' products can be pre-packaged into unique offers, with full transparency of fees and commissions. Inca has support for the market's existing commission and fee models.

All events and transactions relating to your customers, such as personal data, employment, events such as illness, accidents, inability to work, retirement and death, are managed in Inca. Inca retrieves information from and provides information to tax authorities, payment service providers and other players in the pension ecosystem. Inca has support for the administration of different offers and product versions, as well as full support for customer communication, regardless of whether this occurs digitally via portals, digital mailboxes, and electronic formats or via the postal service.

Multiple legal entities can be administered in Inca, which makes it possible to manage group structures' of insurance policies. This also makes it possible to separate occupational pension activities that are regulated by IORP 2, and life insurance and savings transactions that are regulated by Solvency II.

Inca has support for reporting of financial and operative risks, as well as regulatory reporting. In recent years, Itello has been working closely with our customers to develop and refine applications of rules, such as Solvency II, FATCA, GDPR, IDD, MiFID, PRIIPs. Functions for complying with regulations, such as IORP II, IFRS, are released continually.

Having all insurances in one single system makes governance and control easier. There are no ambiguities about similar concepts and data from different systems. Inca can automate reconciliation between the general ledger and different cash accounts – this speeds up your monthly reports, and your staff can focus on analysing rather than verifying data.
Inca manages follow-up, reconciliation of external accounts with general ledger, reconciliation of fund orders, cash settlement reconsolidation of fund orders, paid-in premiums and outgoing payments.

The complexity of the insurance industry is unique and make high demands on the suppliers you select. Itello has the business and development skills necessary to streamline the industry-specific administration that is needed to help the pension industry players transform their business and prepare for the future.

Having all insurance policies in one single system eliminates the need for a specific Data Management system. Inca has a uniform nomenclature for all products and processes, which means that the data used for analyses are consistent.
By administering all insurance policies in Inca, you also facilitate consistent reporting. Use Inca Data Mart, the data visualisation tools and instrument panels you think are best for your users.

Inca is designed to be integrated into your business, with different players in the life insurance and pension industry, and to allow you to create your unique customer dialogues. The open interfaces jointly develop opportunities for automation and digitalisation of the industry's specific needs. Itello is driving standard development in the industry forwards by creating standardised interfaces. Most recently in collaboration with minPension – a Swedish independent pension information provider and our customers for creating better pension forecasts. Inca Connectivity Framework consists of four different parts that have different purposes and functions. The one aspect they all have in common is the fact that Itello maintains and develops the different parts.