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PARIS was the all-in-one answer to transforming policy administration and meeting new regulatory reporting requirements.

Facts & figures

ClientSRF
Type of customerCaptive
Employees30
Total written premium100 MSEK
LocationSweden

PARIS was the all-in-one answer to transforming policy administration and meeting new regulatory reporting requirements.

Stockholmsregionens Försäkring (SRF) AB is an insurance competence house that provides its customers risk management, loss prevention and insurance expertise. Being a captive to 20 municipalities, the company is dedicated to delivering a comprehensive insurance offering in a way that is cost-efficient and ensuring that insurance business processes are streamlined.

The approaching Solvency II requirements, however, were the event that triggered a search for an IT system that would replace long-trusted spreadsheets, facilitate outsourced claims processing in the same system and also provide a solution for Solvency II compliant reporting.

“Following a thorough process, we selected Noria’s PARIS as our first policy administration system due to the unmatched cost and functionality. We also considered Noria’s track record and customer references as important factors in our decision”, tells Tore Kalmeborg, Managing Director of SRF.

“Noria offered the best price and functionality.”

After just 6 months after project start, SRF had implemented PARIS policy administration and reinsurance system on-premise, and external claims handlers began processing claims in PARIS Claims portal, which offers 24/7 access to claims handling through a web browser.

“PARIS Claims portal was the ideal solution for this key business process that is handled by an external party. It ensures we don’t have issues with scalability or system access”, Kalmeborg adds.

By migrating claims handling to the same system with policy administration, SRF will also benefit from the business insights, which helps them reduce injuries and losses.

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Jo Arnstad CEO and chairman of the boards
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Solvency II - the push that took Swedish municipality captive from spreadsheets to the cloud

PARIS was the all-in-one answer to transforming policy administration and meeting new regulatory reporting requirements.

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