Insurance Technology Featured Article

Beazley Deploys Eurobase Insurance Solutions' Synergy Software

November 03, 2011

Beazley, a specialist insurer providing clients with the highest standards of underwriting and claims service, recently switched to new version of ‘Synergy’ (News - Alert) software from Eurobase Insurance Solutions.

Eurobase Insurance Solutions, a part of software and services organization Eurobase International Group and a provider of insurance software solutions, offers the Synergy software that supports the complete life-cycle of a business on a single modern platform.

Some of the benefits offered by Synergy, as quoted by Eurobase, include: increased productivity; improved customer retention; flexibility for growth; superior customer service; and speed to market.

According to a press release, Beazley replaced its existing eRIS underwriting platform with a Synergy software, as part of a collaborative venture between Eurobase and Beazley. This collaborative venture, as said by officials with Eurobase, was to introduce Straight-Through-Processing via a new improved underwriting platform which would integrate to a number of strategic systems.

Beazley hopes that the successful implementation of this project would deliver a number of efficiencies to the underwriting process and will also support Beazley’s growth in the Lloyd’s market. Beazley is licensed to trade surplus lines insurance and reinsurance in the US and in over 65 territories worldwide, through its Lloyd's syndicates and service companies.

Ian Bishop, operations director insurance, Eurobase International Group, said in a statement, “Beazley has been a very good, long term customer of Eurobase. After 16 years, Beazley conducted a full evaluation of the market and chose Eurobase again as best of breed. Beazley has moved to our Synergy technology as part of its overall forward thinking strategy and focus on growth in the Lloyd’s market.”

Adam Cragg, head of UW and claims operations, Beazley, also said in a statement, “This implementation provides us with a strategic, operationally effective underwriting platform for our Lloyd’s business. This project was delivered on time and budget, supporting 400 users within Beazley across 8 countries, and serves as a testament to our long standing and successful partnership with Eurobase.”

As a software and services group, the Eurobase International Group operates across a broad range of markets in four divisions: Eurobase Insurance Solutions, including insurance and reinsurance; Eurobase Banking Solutions, including FX, MM, treasury; Eurobase Consultancy, including general IT consultancy and technical services; and Eurobase People, a specialist IT recruitment consultancy.

In related recent news as reported by TMCnet, Exvine – a social business software services and consultancy for the insurance market – unveiled a new platform designed to provide Brokers, Agents and Underwriters in the U.K. with access to rich information, collaborative networks and multiple transactional systems.



Jayashree Adkoli is a contributing editor for TMCnet. To read more of Jayashree's articles, please visit her columnist page.

Edited by Jennifer Russell

Article comments powered by Disqus

Related Insurance Technology Articles

Summer Camp: A Paying Gig for Young App Testers

For most people, the thought of summer camp involves nature trails, canoeing, and for those of us raised on summer camp movies, payback delivered to the snooty camp across the lake or even burgeoning romance. But one summer camp actually puts young people's imaginations to work by testing apps and the like, and even going so far as to pay said young people for the time and effort involved. [ Read More ]
08/18/2014

Cyber Risk Insurance - Bridging the Gap between Insurance Providers and Companies Insured

The hottest topic in the insurance world today is "cyber risk insurance", or coverage for the response to and fallout from cyber crime and breaches. As Reuters recently highlighted, the cyber insurance market is set to double in 2014 over 2013 - heady times indeed for a traditionally slow-growth industry in search of new markets. [ Read More ]
08/14/2014

Usage of Telemedicine to Increase in US, says Towers Watson

Telemedicine technology is catching up very fast all over the world, making use of IT to exchange medical data to deliver consultations, procedures, exams and monitoring services over vast geographic distances. [ Read More ]
08/12/2014

American National Launches Social Business Program with Hearsay Social

American National Insurance Company, founded in 1905, has announced the launch of a social business program in association with Hearsay Social, provider of enterprise-ready solutions to build business through social sales and marketing. [ Read More ]
08/12/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!