Cross-border & Local solutions

Why local solutions in new countries

Experience:

Previnet gained important experience in the Italian market, especially in the pensions and the insurance market. This experience can be exported to other local markets.

Technology:

Previnet counts on in-house software solutions, supported by open architecture and forefront technologies. Few providers across Europe do the same.

Internationalisation & localisations:

Previnet already experienced how to deliver multilingual and multicountry services. Systems and web solutions are designed to support flexibility and scalability.

BPO is possible:

Administration can be provided online. Customers determine which business processes are to be outsourced and to what extent. Previnet can deliver its service everywhere.

Start local to go cross-border:

Each local market has its own peculiarities. Tax & social issues and a lot more. New partnerships can start from a domestic only co-operation.

Why cross-border

Cross-border pensions:

Cross-border schemes and IORPs are not so many so far, for a series of reasons. Previnet believes that obstacles can be overcome.

Trends:

Consultants expects that one third of Multinational will have their cross border plan by 2015. International Pension Plan, DC based, are growing at a steady rate. Growth in DC plans is expected to continue at 7% p.a.

Stats:

60 million people are in DC plans in Europe. The number of internationally mobile employees has doubled in respect of 2005-2008. Potential market of mobile workers: about 10 millions people.

First mover advantage:

Competition in the cross-border pensions market is currently limited. Previnet is working to be the first mover.

Proof of concept:

Previnet already experienced that operating in various countries is possible.

Pan-European experience

Previnet has already developed its own model capable to deliver cross-border solutions to international players including: