Inwards or Assumed Reinsurance Software Solution

The synergy2 suite provides a fully integrated, complete, end-to-end insurance administration platform for the modern international reinsurance carrier. Configurable to your business needs from “paint your own screens” to governance and business process workflow setup. Everything you need to efficiently transact business without compromise.

synergy2 Software System

Companies operating in the reinsurance business marketplace face a number of challenges, including global competition, increased regulation, greater scrutiny from rating agencies and more stringent solvency requirements. To meet these challenges, reinsurance companies are focusing on several key objectives:

• Customer service as a key differentiator;
• Improved operating efficiency and profitability;
• Managing capital effectively;
• Identifying and exploiting new opportunities in a timely fashion.

Eurobase can support your business objectives because we specialise in solutions for the reinsurance marketplace and our Synergy reinsurance system is specifically designed to support your business across Underwriting, Claims, Accounts and Retrocession. The main benefits include:

• Increased productivity, because the reinsurance system is fully integrated, which enables the support of all of your key business processes in simple, efficient workflows with maximum automation and management control;
• Improved customer retention, by making key information easily accessible so that you and your customers can make timely decisions for mutual benefit;
• Flexibility for growth, because the reinsurance system supports business diversification quickly and easily, with rapid deployment to new locations;
• Greater return on capital, by monitoring performance against your key economic indicators using real time management information and proactive alerts that are configured to your business requirements.

Our reinsurance expertise is your success

By choosing Synergy reinsurance software, your company will invest in a modern solution that you can use today and is ready for tomorrow.
Our specialist knowledge of the demands and subtleties of the reinsurance market, combined with our proven expertise in delivering ground-breaking software solutions, means Synergy is able to deliver competitive advantage today and will support your business into the future. Rest assured, we are always on hand to provide you with first-line support across the globe.

Key features of the Synergy reinsurance system include:

• Extensive real-time monitoring of risk exposure with automatic exception flagging;
• Secure access to critical business information for you, your customers and your key business partners;
• Multiple levels of user authorisation and management control;
• Powerful, real time management information, graphics and reporting functions to deliver a clear understanding of your reinsurance business;
• Remote access capability over private networks and the internet.

Inspired by Solvency II and its Equivalence
Inspired by Solvency II and its equivalent initiatives, synergy2 provides enhanced governance and process control for your business and has been designed specifically for Inwards or Assumed Reinsurance and Large Commercial and Specialty.
Highly configurable, you can define your own workflow, configure review points and authorisation limits and groups. You can even define escalations and event triggers.

Workflow
synergy2 has been tightly integrated with Microsoft’s SharePoint and leverages SharePoint’s workflow capability.
The key benefit of using SharePoint is that your workflow controls can be extended beyond synergy2 into your wider organisation and even beyond your organisation itself, for example, to brokers and other third parties.

Be a Model Insurer
Eurobase provides more than 70 generic workflow processes that support insurance and reinsurance companies. These process models are an excellent starting point for a model implementation.

Ultimate Configurability
Every carrier uses its own jargon and terminology for its particular niche and underwriting model and with synergy2, your business can be multi-lingual and multi-currency at every level in every way.

Multi-Channel
synergy2 supports multiple channels of distribution and data consumption. This empowers you to service, sell, enrich data and share data via any channel using synergy2’s powerful integration capabilities and a substantial library of granular web services. Importantly, all these actions are managed through synergy2’s governance, workflow and process controls; giving you peace of mind that your internal controls are protected at all times.

Synergy reinsurance solutions can deliver you a significant business advantage today. If you would like to understand more about how we can do this, then please contact one of our consultants.

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- Inwards or Assumed Reinsurance software system solutions -