Swedish digital insurer Futur Pension trusts Invoke for their Solvency II reporting

Swedish insurance company Futur Pension offers individuals and businesses a range of insurance solutions, from occupational and private pensions to endowment and life insurance.

On a mission to provide simple, secure and innovative solutions, and with a focus on sustainability, Futur Pension creates a positive experience for customers and partners whilst finding optimal solutions to meet their needs.

Invoke spoke to the company’s Head of Financial Operations and Accounting, Karin Görling, to find out how our Invoke Regulatory solution empowers Futur Pension to meet their mandatory Solvency II reporting obligations.

The Futur Pension team was already familiar with Invoke Regulatory, having used it before under a parent company.

“We decide to carry on using Invoke Regulatory because we were happy with it”, says Görling.

With a large assets list, having reporting software that can perform in complex scenarios is useful to Futur Pension.

“Our assets list is long”, Görling explains. “It’s one of our main concerns, and it takes a lot of time to validate."

Invoke’s software and support has helped Futur Pension navigate the challenge successfully.

In addition to a large number of assets, the frequency of Solvency reporting and ever-evolving requirements can make compliance difficult, but Futur Pension can call on the Invoke team for regulatory guidance and insights, as well as software support.

“The Nordics support team are very competent and helpful in that regard, and are very nice to deal with.”

The Futur Pension team has also been impressed with the ability of Invoke Regulatory to produce accurate, error-free reports that are accepted first time by the supervisory authority, reducing the compliance burden.

“It’s very seldom that we have any issues”, Görling says. “It’s very compliant. I can trust the system to do what it should do. We are very satisfied in that respect.”