Life & Pension Solutions in the Faroe Islands
Betri Pensjon was the first customer to go live on the TIA Life & Pension module with a full solution for risk covers for death, disablement and critical illness, and also savings covers based on unit link investments.
“I am very satisfied with the TIA Life & Pension solution that in an efficient and user-friendly way handles the needed processes for our existing portfolio. It will be a good base for developing our products and services to customers even further.”
The majority of policies are sold as part of an employee benefit plan. TIA Life & Pension is an extension to the mature TIA Solution and leverages on the proven strengths of the core modules, such as TIA Product Editor, Policy Administration, Claims and Accounting.
Betri pensjón (meaning ”better pension”) is a pension and life insurance company, which is one part of the same consortium as the well-established insurance company, Tryggingarfelagið Føroyar. Betri pensjón is a local company for the entire Faroese community.