Sumex AG, a fully-owned subsidiary of the ELCA Group, the Swiss leader in Engineering, Development and Business Solutions, and Secon AG, the process and data specialist for core insurance business, announce the creation of a strategic partnership in which Sumex AG is taking a controlling stake in Secon AG to create the leading technology solution provider in Switzerland for the health insurance market.
With the continued evolution of the health insurance sector in terms of expectations, complexity and costs and the advent of new technology, significant investments have been carried out by technology providers to offer forward-looking solutions. Bringing top of the line solutions to insurance companies that consider and address the evolving expectations of the customers and provide significant simplification, efficiency, and improvement of the user-experience, while reducing costs, is a challenge that requires strong, specific competences and a mid- to long-term strategic perspective.
By joining forces, Sumex AG and Secon AG will address the vision the two companies share, to improve the efficiency of the swiss healthcare system through highly automated and fully digital end-to-end processes. "The two companies complement each other perfectly and the combination of the two solutions opens up new strategic opportunities." says Felix Musterle, General Manager Sumex AG. The engineering DNA of the two Swiss based companies, combined with their broad expertise, results in a comprehensive solutions that focuses on the following goals:
- Lower transaction costs through a high degree of automation and maximum effectiveness in claims control
- Separation of complex tasks from standardized activities allowing an optimal use of specialized resources
- Modular and open architecture
- A Swiss solution focused on the needs of Swiss insurance companies
- Extended knowhow and expertise for innovation and a functional coverage which enables Swiss insurance companies to take the next step in their digitization strategy
The ELCA Group is committed to bring innovation to the Swiss market and support the digital transition across all major industries with a clear vision and strategy. This strategic partnership is an important step on that journey and we very much look forward to working with our clients and partners to write a new chapter that will bring value to the health insurance companies and the Swiss population.
Yves Pitton
Chief Business Solutions Officer of the ELCA Group
The new entity will also benefit from the broad operational expertise of Secon AG and the extensive and deep competences of the ELCA Group in terms of Cloud Services & Management, Cybersecurity, Data Management and engineering capabilities. Today several components of the Sumex Solution are already being operated at ELCA Cloud Services in a fully sovereign Swiss Cloud, and both companies also operate their core system for various customers in its own cloud environment or on premise within the health insurance’s infrastructure. Through the strategic partnership, the objective is to extend the options by which health insurance companies will be managing their business-critical systems today and tomorrow.
The Board of Directors will be chaired by Werner Krauer as Executive Chairman.
"One plus one equals three in this equation, I’m really looking forward to being a part of the great teams joining forces. "
Werner Krauer
General Manager Secon AG and Executive Chairman Sumex AG
Being a long-term customer of Secon AG and Sumex AG, we like the idea of this partnership a lot and are looking forward to the even deeper integration of the products and the combined knowledge, leading to higher automatisation in our own processes.
Christof Zürcher
CEO Atupri Healthcare Insurance
About Secon AG
Secon AG has the vision that health insurance companies of any size can be administrated by a platform that need minimal staff, have geographical independent workplaces in order to guarantee the best access to information for customers, is in a position to be audited at any given time, has decreasing running costs, pays claims quickly and only to the regulated amounts, and is highly secure so that no data can be accessed by any unauthorized people or organisations.