31.5.2022

Finnish Mutual Patient Insurance Company – Procurement of an Insurance Platform

Related services

We assisted Finnish Mutual Patient Insurance Company (FMPIC) in its procurement of a SaaS-based insurance platform. The procurement was conducted as a negotiation procedure with Swedish iFACTS Ab selected as the supplier of the platform. The new platform is expected to be launched already in autumn 2022.

With the procurement of the insurance platform, FMPIC aims for better and more reliable management and processing of customer relations and insurance policies. The goal is to reduce the risks associated with managing customer relations and policies, to improve the data security and data protection of customer and insurance information and to meet regulatory requirements.

FMPIC was assisted in the procurement and contract negotiations by our public procurement experts Johanna Lähde and Atte Andersin, Pia Ek and Miika Junttila from the data and technology team and by our insurance expert, Sami Lommi.

Our team

Latest references

Finnish Mutual Patient Insurance Company – Discretionary Asset Management Services

We assisted Finnish Mutual Patient Insurance Company (FMPIC) in its procurement of discretionary asset management services. The procurement was conducted as an open procedure in accordance with the Public Procurement Act (1397/2016). In the procurement, FMPIC selected two asset managers to whom its assets are to be allocated. The terms of the tendered agreements are indefinite, and they are intended to be in force as of the beginning of 2023. Based on the tender procedure, OP Varainhoito Oy and Nordea Bank Oyj were selected as the suppliers of the services.

Meridiam, YIT and Tieyhtiö Vaalimaa – Service Agreement for E18 Hamina–Vaalimaa Motorway

The Finnish Transport Agency (FTA) and Tieyhtiö Vaalimaa Oy signed a nearly 20-year service agreement to build and maintain the Hamina–Vaalimaa motorway on a public-private partnership basis on 9 June 2015. The agreement includes the planning, construction, funding and maintenance of the motorway. The road is planned to open to traffic in spring 2018, and the road construction works will commence immediately. The main contractor is YIT Construction Ltd. The shareholders in Tieyhtiö Vaalimaa Oy are Meridiam Infrastructure Finance II S.à r.l. and YIT Construction Ltd. The total value of the agreement is 378 million euros. The bank financing for the project is provided by the European Investment Bank (EIB), Nordic Investment Bank (NIB) and Pohjola Bank. We represented Meridiam, YIT and Tieyhtiö Vaalimaa Oy in the project. Castrén & Snellman is the only law firm that has advised in every PPP road project in Finland. The E18 Hamina–Vaalimaa project comprises 32 kilometres of new motorway and the related road arrangements. The road section yet to be built is the final section of the E18 motorway, which will cross the country from Turku to the eastern border. The project also includes the building of waiting area arrangements for heavy vehicles close to the Vaalimaa border station. The project was awarded the best road deal in the EMEA region in the Project Finance Awards 2015 by EMEA Finance magazine.

Efima – Sale of AI business

We advised Efima Oyj on the sale of its AI business to Better Care Technologies Oy. The transaction included Efima’s Moiva AI platform developed for the care sector, the related technology and brand, customer contracts, and the experts working in the business. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.

Neoen – Sale of data centre

We advised Neoen Renewables Finland Oy, part of the French Neoen Group, in its sale of a data centre project to a consortium consisting of international data centre developers and operators. This marked Neoen’s first data centre development project in Finland. Founded in 2008, Neoen is one of the world’s leading independent renewable energy producers. The company operates in 15 countries. It develops, finances, builds, owns, and operates solar power plants, wind farms, and battery storage systems. Neoen Group is owned by global alternative asset manager Brookfield Corporation.

Search from the site.