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Ocidental Pensões elects i2S as strategic business partner

Ocidental Pensões has selected i2S Life solution to respond to the business strategic challenges, as well as a means to leverage growth and streamline the path of adaptation to the future. The solution comprises several application modules, allowing an integrated response to the various needs and challenges faced by the company.

i2S Life thus strengthens its leading position in the segment of insurance companies and pension funds managing societies.

With a market share of 27.2%, Ocidental Pensões is in the leading position of the pension funds market in Portugal. Regarding the retirement benefits management area, this company has been focusing on the companies segment, offering them flexible, added-value solutions, so as to contribute to improving the protection of and the commitment to their staff.

Valdemar Duarte, General Manager of Ocidental Pensões, stated: “Given the growing awareness regarding the importance of saving for retirement, as well as the more flexible payment of benefits using pension funds, it is our aim to regain a relevant role in the individual retirement savings market. In order to achieve this goal, we needed to have a technologically updated application, with a channels-oriented business approach. Given the long-standing good relationship with i2S, choosing i2S Life solution adapted to pension funds was a good decision”.

We are honoured by the choice made by Ocidental Pensões, which allows us to be part of an important business modernisation and streamlining process”, stated Gastão Taveira, i2S’ CEO. ‘The insurance and pension funds companies are currently facing great challenges due to the adjustment to the new digital world, where changes are happening increasingly faster. i2S Life was specifically designed to respond to these new challenges’.

With this solution, Ocidental Pensões will be able to benefit from significant advantages for their business, such as, for instance, reduced time to market, cost reduction, increased productivity, added security and increased scalability.