synergy2 for Captives

Eurobase has been providing software solutions to the world’s financial markets for 30 years and supports customers in over 25 countries. The synergy2 suite of software is an established end-to-end insurance administration platform which is trusted by captive operations across the world and across multiple industries, including Shell, Dow Chemicals and Volkswagen, to support their operations in this complex business area.

Through synergy2’s depth and breadth of functionality, Eurobase’s customers have been able to:

  • Automate processes resulting in reduced processing times of up to 50%
  • Improve the efficiency of data capture and subsequently the quality of data resulting in the ability to reduce the costs of servicing the business and to increase its processing capacity without increasing administration headcount
  • Benefit from the flow of data seamlessly across enterprise applications with synergy2 orchestrating the processes resulting in a substantial reduction in errors associated with re-keying, and improvement in reporting quality

synergy2 addresses the challenges now facing captives and captive managers. In particular:

  • Fully integrated end-to-end functionality providing more cost efficient processes
  • Complete process control over the full business lifecycle through workflow and governance controls
  • Automate the processing of volume data from disparate sources such as subsidiaries and fronters
  • Real-time access to quality data using comprehensive management information tools for risk aggregation, performance and compliance monitoring
  • Consolidation of disparate databases in to a ‘single version of the truth’
  • Manage multiple cells on a single software instance

With an increase in insurance regulation it is key for captive operations to have in place a modern platform that provides controlled governance, complete audit trail, and validated data accessible for accurate reporting. Old legacy systems, spreadsheets and sheets of paper just don’t provide what is needed in today’s market.

Eurobase applications support captive operations from various industries, including petrochemical, manufacturing and retail. Eurobase’s end-to-end insurance software, synergy2, provides complete “out-of-the-box” functionality to support your operations including:

  • Underwriting
  • Claims
  • Technical Accounting
  • Bordereau
  • Ceded Reinsurance
  • Contact Management
  • Governance
  • Workflow
  • Reporting and MI
  • Document Production

For more information visit www.eurobase.com/insurance 

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Tags:
Insurance, Software, Captive, Captive Manager, ILS, Reinsurance, Captive Insurance, captive reinsurance

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