Swedish Motor Insurers call on HiQ to develop new insurance and debt recovery system

Swedish Motor Insurers call on HiQ to develop new insurance and debt recovery
system



HiQ has received an order from Swedish Motor Insurers
(Trafikförsäkringsföreningen - TFF), a cooperation organisation for the
country's motor insurance companies, to develop a complete IT system to support
insurance operations. The project encompasses the provision of an end-to-end
solution, with an order value of approximately SEK 17 million.

“Our IT support is currently provided by a 30-year-old system that no longer
meets the demands our operations place on it. We need a modern system with the
capabilities to handle today's considerable requirements in terms of flexibility
and functionality while at the same time reducing administration and operating
costs. Having evaluated the alternatives on the market we opted for HiQ, as they
have the solid experience and skills we need,” says Mats Olausson, CEO of TFF.

Among other things, TFF provides compensation to those who sustain damage or
injury in a road traffic accident involving unknown, uninsured or foreign motor
vehicles, and levies a ‘motor insurance charge' on those who have not taken out
insurance on their motor vehicle. The TFF is also responsible for safeguarding
Swedish interests in international cooperation between motor insurers. TFF was
founded in 1929 when obligatory motor insurance was introduced in Sweden. All
motor insurance companies in Sweden are legally required to be members. 

“The new system will manage the flow of information when a vehicle changes hands
and is re-registered in the Swedish vehicle register. If the new owner fails to
take out motor insurance for the vehicle, it's our job to make sure the vehicle
is duly insured. A more modern system will allow us to further automate our
processes and simplify routines for our case handlers,” says Olausson.

“HiQ has been developing and quality testing systems for the insurance sector
for many years and we are naturally very proud of the fact that TFF is placing
its trust in us with this project. Today, more and more organisations need their
IT systems upgrading and enhancing, which benefits HiQ thanks to our strong
position in this field,” says Bo Ringdahl, Managing Director of HiQ Stockholm
AB.

HiQ is an IT and management consultancy company focusing on high-tech solutions
in the fields of communications, software development and simulation technology.
The company is a leading player in these fields and the Nordic region is its
domestic market. HiQ employs more than 1,000 people at offices in the Nordic
region and Eastern Europe. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap.
For more information, please visit www.hiq.se