Nordic insurance giant taps AI to overhaul IT across Nordics and Baltics

DXC to Simplify and Strengthen If's Technology Estate Across the Nordics with DXC OASIS

DXC Technology (NYSE: DXC) signed a multi-year partnership with If Skadeförsäkring AB, the largest property and casualty insurer in the Nordics, to modernize and operate its mission-critical technology estate using DXC OASIS.

The deal covers mainframe, data center and Microsoft Azure hybrid cloud environments across Finland, Sweden, Denmark and the Baltics, consolidating infrastructure into Denmark-based data centers and adding an AI-enabled orchestration layer to improve governance, visibility, resilience and efficiency, including support for integrating Topdanmark.

AI-generated analysis. Not financial advice.

DXC fell 8.5% while key peers were mixed: GLOB -4.36%, ASGN -19.65%, VNET -1.62%, with WNS slightly positive and FORTY flat. No momentum-screened sector move was detected, pointing to a stock-specific reaction.

Recent product and platform launches have often seen muted or negative price reactions, while weak earnings drew a pronounced selloff, suggesting sensitivity to financial results over strategic announcements.

Over the past months, DXC has emphasized AI-enabled platforms and sector-focused offerings. Launches like DXC OASIS on Apr 28 and DXC CoreIgnite on Jun 02 targeted orchestration and fintech connectivity but saw modest to negative next-day moves. The creation of DXC Engineering on Jun 01 produced a positive reaction. However, Q4/FY26 earnings on May 07 with declining revenue led to a -21.48% move, underscoring pressure around fundamentals as DXC rolls out new platforms like OASIS, now referenced in this If partnership.

This announcement showcases a multi-year deployment of DXC OASIS as the orchestration layer for If’s mainframe, data center and hybrid cloud estate across several Nordic markets. It underscores DXC’s strategy of embedding AI-driven managed services into large, mission-critical environments. In context of recent platform launches and earnings pressure, investors may watch for disclosed deal economics, backlog contributions, and evidence that OASIS-led wins support revenue stability and margins over coming reporting periods.

STOCKHOLM, June 4, 2026 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced If Skadeförsäkring AB, the largest property and casualty insurer in the Nordics, has partnered with DXC to leverage DXC OASIS and to simplify, modernize and unify its technology estate following its acquisition of Topdanmark, a leading Danish insurer.

As insurers integrate acquisitions and scale across markets, technology environments become more fragmented and complex, creating overlapping systems, operational silos and increasing infrastructure complexity that make it harder to deliver resilience, efficiency and consistent operations at scale. The result can be higher costs, slower integration and reduced visibility across critical systems, impacting both operational agility and customer experience. Closing that gap requires a technology partner capable of operating mission-critical systems at scale while consolidating and simplifying the technology estate that underpins day-to-day operations.

Building a More Unified and Resilient Technology FoundationTo achieve its modernization agenda, If chose DXC to operate its mission-critical technology estate, with DXC OASIS providing an intelligent orchestration layer across its multi-country operations in Finland, Sweden, Denmark and the Baltics. The multi-year agreement positions DXC to modernize and operate thousands of the company's compute resources across mainframe, data center and Microsoft Azure hybrid cloud environments, forming the technology backbone of If's day-to-day insurance operations while enhancing governance, security and visibility.

"As part of our strategy, we are building a stronger, more secure and scalable technology foundation across the Nordics and Baltics. Our partnership with DXC Technology enables us to simplify and modernise our infrastructure, consolidate our IT landscape and leverage automation and AI to enhance quality and efficiency. Together, we are building a more resilient, future-ready platform that will enable us to continue delivering stable, and secure services and great experiences to our business and customers," says Hanna Elomaa, Head of IT Operations, If Skadeförsäkring AB

The agreement will also support If's integration of Topdanmark by simplifying and unifying technology operations across the combined organization, reducing operational complexity and improving resilience, efficiency and performance across its infrastructure environment. DXC will also consolidate disparate mainframe and private cloud environments into its Denmark-based data centers and establish hybrid cloud orchestration with Microsoft Azure.

DXC OASIS will provide If with a unified orchestration layer designed to improve visibility, coordination and governance across its technology estate. By bringing together infrastructure operations across multiple vendors and environments, DXC OASIS will help streamline operations, automate workflows and improve reliability across the organization. The platform's agentic AI capabilities will support a new operating model for If's IT operation with proactive monitoring and operational optimization, helping reduce manual effort for IT teams while improving performance and resilience across critical systems, as well improving the overall customer experience.

"If is bringing together operations across multiple markets and environments, and that requires a technology foundation that is resilient, unified and built for scale," said Peter Skarendal, Managing Director, DXC Sweden. "With DXC OASIS, we're helping If simplify and orchestrate its mainframe, data center and cloud environments across multiple vendors as one integrated operation, improving visibility, reducing operational complexity and strengthening performance across the organization. This creates a more agile and resilient foundation that allows If's team to stay focused on delivering seamless experiences for customers while DXC helps power the integration behind the scenes."

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates. Learn more on dxc.com.

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