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Itello builds on Microsoft Azure to lead the European Life & Pension industry into the cloud

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By achieving IP Co-Sell partner status for Microsoft Azure, Itello extends the relationship with Microsoft, leading the way for cloud transition in the European Life & Pension (L&P) industry.

Stockholm, June 30, 2020 – Itello, a leading provider of business systems and digitalisation solutions for the pension and life insurance industry, today announced that it is now a Microsoft IP Co-Sell Partner. This status enables Itello to collaborate globally with Microsoft sales and marketing organization, significantly increasing market reach.

With the recent introduction of Itello Live, Itello is leading the market by offering a true Software-as-a-Service (SaaS) solution for the European L&P industry – powered by Microsoft Azure cloud technology. As an eligible IP Co-Sell product, Itello Live will be listed on AppSource, Microsoft's cloud storefront.

“Achieving Microsoft IP Co-Sell partner status is a significant milestone for Itello, confirming our cloud-first strategy which entails a solid commitment to the Microsoft Azure platform,” says Mats Lillienberg, CEO, Itello. “Given Microsoft’s solid reputation of trust and compliance in the financial industry, Azure adds to our value proposition while offering the right capabilities for our cloud-centric product roadmap, and ultimately, for serving present and future customer needs.”

The outstanding compliance credentials of Microsoft Azure was essential for Itello’s strategic choice of Microsoft as its cloud partner. Itello customers operate under strict regulatory requirements when it comes to transparency and security due to their vital societal importance. By levelling up the collaboration with Microsoft, Itello is now set to execute on its growth strategy and gently lead the European L&P industry through its digital transformation journey.The L&P industry has entered a new era of accelerated digitalisation driven by higher consumer expectations and need for business agility and efficiency, while subject to continuously updated laws and regulations. To navigate this swiftly changing market landscape, L&P insurers are seeking a modern core application platform that not only ensures long-term stability, security and compliance, but also facilitates quick adaption to new markets and customer requirements. In this transition to a more data-centred and data-driven future, cloud technology is key.

For more information, please contact:
Mats Lillienberg, CEO, Itello: +46 70 848 81 87, mats.lillienberg@itello.se

About Itello
Itello is the insurtech company committed to the digital transformation of the life and pensions industry. We help L&P providers undertake the safest path through digital transformation, anchored around our specialized Policy Administration Environment products. Visit www.itello.com

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