Länsförsäkringar, one of the largest insurance companies in Sweden, has partnered with Profit Software to modernise its business-critical pension payment system. The system handles all outgoing pension payments, totalling close to two million transactions per year.

Länsförsäkringar was looking for a competent partner who could offer a modern solution that complies with the increasing business and regulatory demands and which is fully adapted to the requirements of the Swedish market. “We selected Profit Software because they have a productised solution that fits our needs and highly qualified professionals to implement the solution together with our specialists,” says Tua Holgersson, CEO of Länsförsäkringar Fondliv AB.

The implementation project for the Profit Life & Pension system will start in March 2014, and Länsförsäkringar will take the new system into production during 2015.

Profit Software is seeking to grow in the northern European insurance solutions market and has been investing accordingly since 2012. “This contract is a major step in our internationalisation. Länsförsäkringar is a demanding and professional organisation looking for the best solution. We are very pleased that they chose Profit Software as their partner and look forward to a long and close cooperation,” says Ilkka Starck, CEO of Profit Software.

The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies.

Read more about Länsförsäkringar.