Rethinking Care

Rethinking Care Sweden AB signs agreement with Maiden

 
Rethinking Care Sweden AB’s (“Rethinking Care”) subsidiary Säkravård Norden AB (“Säkravård”) signed agreement with  Maiden Life Försäkrings AB and Maiden General Försäkrings AB (“Maiden”) for the supply of claims handling services for the Swedish market.
 
Säkravård function as a TPA (Third Partner Administrator) to insurance companies providing complete management of private health insurance services, and personal insurance with the delivery of claims handling and coordination of health and personal services to the insured groups.
 
Säkravård has now entered into an agreement with Maiden about the delivery of claims handling services for the Swedish market. Maiden is a European provider offering a variety of insurance protection products, including payment protection and income protection. The agreement takes effect on April 1st, 2017, and runs for three years with a yearly renewal thereafter. Under the agreement, Säkravård handles claim service and customer contacts related to sickness, unemployment and life for Payment Protection Insurance (“PPI”), such as loan protection, payment protection, and GAP insurance. The estimation is to handle services for approximately 50,000 customers in several portfolios. The value of the agreement over the period is estimated to 4 Mkr for Säkravård.  
 

Thomas Palmqvist, CEO Säkravård Norden AB, comments:

— We are pleased to see the result of a process that started during fall 2016 and the plan is to start cooperating with these significant actors within loan and payment protection on the private market during April 2017.

Keith Medgett, Managing Director of Maiden Life, comments:
— We are looking forward to working with Sakravard who have proved highly professional and compliant through our detailed due diligence process.
 

About Maiden Life Försäkrings AB and Maiden General Försäkrings AB

Maiden Life Försäkrings AB and Maiden General Försäkrings AB are subsidiaries of Maiden Holdings, Ltd.

Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. The Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe.
 

For further information, please contact:

Fredrik Thafvelin — Group MD
Phone: 046-38 67 41
E-mail: fredrik.thafvelin@rethinkingcare.se
 

Sedermera Fondkommission is designated Certified Adviser for Rethinking Care.
 

This information is information that Rethinking Care Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication in Swedish at xx CET xxx  2017. This is a non-certified translation of the Swedish version. In case of any discrepancies between the Swedish and the English version, the Swedish version shall prevail. 
 

About Rethinking Care Sweden AB

Rethinking Care Sweden AB (559049-5254) introduces a holistic concept in nursing and health, based on three interacting spheres of activity — "Software as a service", "Care as a service" and "Health as a service", based on a high level of competence in nursing and healthcare services as well as IT tools that have been developed for health care. The goal is simple and clear: more care and less resource usage by using IT technology and innovation within delivery processes. Read more at www.rethinkingcare.se