Insurance Technology Featured Article

Eurobase Insurance Solutions' Synergy Picked by Arch Re Fac

December 10, 2012

A number of innovative solutions are available today which allows customers to exploit investments in technology for greater business agility and competitive advantage. Synergy (News - Alert) is one such solution from Eurobase Insurance Solutions which is a flexible suite of insurance software solutions, dedicated to supporting the needs of insurance underwriters, agents and brokers in general insurance, reinsurance, captive management and the London market.

Eurobase Insurance Solutions is a software and services provider and part of Eurobase International Group. In a release, the company announced that its Synergy solution was picked by Arch Re Facultative Underwriters, a property facultative reinsurance provider based in the U.S.

“Arch Re Fac's vision was to implement an underwriting and rating system on one cohesive platform. The flexibility of Synergy from Eurobase, tightly coupled with the QRS Rating System from GildedTree has provided a solid foundation to support Arch Re Fac's operations,” Kevin Richmond, products director, Eurobase Insurance Solutions said in a statement.

Following a competitive tender process, Arch Re Fac, part of one of the largest writers in North America, the Arch Capital Group, selected Synergy and GildedTree’s rating tool, GildedQRS. The combined solution was selected by Arch Re Fac as it delivers market leading functionality to give businesses control of rating logic and underwriting rules that complemented its new back office function.

Synergy provides high quality policy documentation and enhanced governance controls. GildedQRS provides a highly flexible rating engine. The platform will be used by up to 50 concurrent users within Arch Re Fac’s underwriting department in various locations across the USA, Canada and Europe.

“This implementation provides us with a strategic, operationally effective underwriting and rating platform.” Phil Augur, chief operating officer for Arch Re Fac stated.

Augur also ensured that the two firms worked well together to provide the best combined product. Augur also mentioned that the Arch Re Fac is looking forward to the productivity efficiencies that it will gain as a result of the implementation, and to a long and successful partnership with Eurobase and GildedTree.

Eurobase now has an exclusive agreement with GildedTree to provide the benefits of this integrated end-to-end system for specialty lines and assumed reinsurers.

Eurobase is a member of Microsoft (News - Alert) Partner Network with multiple competencies. The company’s next generation product suite, synergy2 provides a fully integrated, complete, end-to-end insurance administration platform, configurable to every business need.

In another release, Beazley, a specialist insurer providing clients with the highest standards of underwriting and claims service, recently switched to new version of Synergy software from Eurobase Insurance Solutions.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Brooke Neuman

Article comments powered by Disqus

Related Insurance Technology Articles

TELUS Health Completes Acquisition of ZRx Prescriber from ZoomMed

TELUS Health acquisition of ZRx Prescriber to improve customer experiences with insurance claims and prescriptions. [ Read More ]
09/10/2014

North American Title Insurance Selects RedVision for Speeding Title Searches

North American Title Insurance picks RedVision solution to speed agent searches. [ Read More ]
09/02/2014

Sun Life Financial Unveils Benefit Profile

New Sun Life Financial tool helps create competitive employee benefits packages. [ Read More ]
09/02/2014

TIA BI Cloud: A Solution to Send Business Analytics Skyward

Many businesses today are re-evaluating infrastructure so they can move faster and be more flexible. Companies are moving to the cloud for sales data, marketing data, even financial and HR data. Cloud computing is pushing business intelligence and analytics to a whole new level. [ Read More ]
09/02/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!