Cleva Life Is Among the Best Life Insurance Solutions in the EMEA Region
In a report that analyses the global insurance software market and is used by insurers to decide where to invest in technology, Cleva Life was selected as a reference solution.
In a report that analyses the global insurance software market and is used by insurers to decide where to invest in technology, Cleva Life was selected as a reference solution.
The Pan-European Personal Pension Product (PEPP) in Portugal Act No.1/2025, published on the 6th of January 2025, complies with Regulation (EU) 2019/1238, which establishes the Pan-European Personal Pension Product (PEPP), a pension savings scheme available across the European Union. The main goal of this product is to offer European citizens a complementary alternative to national pension systems, promoting portability, transparency and consumer protection.
In a time in which adaptability and efficiency are crucial for the success of the companies, the insurance industry faces its own challenge with the need to update its core systems to remain competitive.
In a rapidly changing world, technology is an unavoidable means in any sector of activity, but it is never an end. When technology does not evolve to keep up with the change in the business context, particularly in the insurance industry, time may dictate that it becomes an end, due to the criticality that operational risks, not addressed at the right time, may represent.
Insurers face the old challenge of renewing themselves or dying to meet their clients’ increasingly specific needs and remain competitive. One of the pillars of this update is the architecture of computer systems, a real key issue, which can bring unquestionable competitive advantages … or quite the opposite.
In the race to the future, the insurance sector is changing from its traditional armour into a suit tailored for innovation. We are leaving the era of dusty claim notifications, forms to fill in, countless fragmented manual processes, etc., etc., to enter the cloud and artificial intelligence, where data flow like electricity and decisions are made at full speed. In this “cocktail” of innovation and technology we find different ingredients…
Paulo Ferreira, Product Management Director at Cleva, explains the advantages and opportunities for insurers when they begin a process of changing their core system.
Agile digitalisation of the insurance processes There has been much talk about digitalisation in insurance companies, particularly focused on business processes as underwriting or claim management. But how easy is the digitalisation process? And yet, is permanent and agile evolution of the digitalisation possible?
In the digital era we live in, software modernisation has become vital to the transformation of organisations, especially in the insurance industry, traditionally perceived from the outside as not particularly groundbreaking when it comes to technology. However, this industry faces an important change driven by the need to adapt to the technological development and the clients and partners' expectations, which are in constant evolution.