DENMARK - Danish pensions and insurance company ATP has awarded IBM Business Consulting Services a contract that aims to transform ATP's operational structure and enhance business efficiency.
Announcing the partnership, IBM said it would work with insurance application specialist Edlund to “transform” ATP’s core systems by creating a “single common, centralised set of system and process.”
The New Core Insurance and Administration System is a four and a half year program which includes an initial analysis phase followed by an implementation phase for each of the pension schemes managed by ATP.
“The new structure will support ATP’s aim in an increasingly deregulated and competitive market by rationalising the business,” IBM said in a statement.
“This project will act as an important catalyst for change within ATP as we transform the business to support our new vision,” said
“Given the importance of the new solution in supporting our core business, it was vital for us to select a business partners that not only had a proven track record of successful implementation, but also real insight and expertise in this industry, said ATP vice-director Peder Andreasen.
In working with IBM, we benefit from the Edlund Solution, IBM's expertise in project management combined with its commitment to industry specific competencies within pensions and insurance area - a sector that is going through huge changes.
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