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Fiona Burke Feb 5, 2019 10:16:38 AM 2 min read

Eurobase announces its leading (re)insurance platform, synergy2, has been successfully deployed delivering full integration into SDC

Eurobase International Group is proud to announce that synergy2 is the first platform to go into production with integrated Structured Data Capture (SDC), delivering straight-through processing for risk creation via the Global Placement Message (GPM).

The first delivery is to support a customer and its obligations to support the wider market’s European business. Eurobase is committed to assisting the London Market to deliver its TOM initiatives and is pleased to confirm it is also in the final stages of delivering synergy2’s full integration to DA SATS.

Kevin Richmond, Head of Product said “This is just one tier of our digitalisation strategy to deliver automation-based efficiency gains for our customers.  The ability to create a risk with no human intervention is a significant milestone that we are proud to have delivered in step with the London Market TOM.” 

Synergy2 is a scalable web-based platform that incorporates everything you need to manage the full life cycle of your insurance operations. The platform covers everything from client management, underwriting, claims, accounting, reporting and (retro)ceding, ensuring your business is optimally streamlined for efficiency. 

Eurobase is an international software and service provider to financial institutions in over 25 countries. It provides enterprise wide solutions for (re)insurance companies, banks and other financial institutions.  

Joe Locke, Chief Executive of Eurobase Insurance Solutions commented “The London Market remains focused on the delivery of its target operating model and we are ensuring that our synergy2 platform is well aligned to support this. The ability for carriers to consume Global Placing Messages from the Structured Data Capture service is a key part of market modernisation and we are pleased to announce that synergy2 fully supports this service.” 

With a personal approach, Eurobase ensures it delivers the support and flexibility its customers need and the service they expect. With long standing customer relationships, Eurobase has a committed approach to doing business and to product investment, delivering ongoing value above and beyond initial engagements.