Leading Dubai based reinsurer, EmiratesRE, has committed to continue its successful long-term relationship with eurobase international group which began with the Retakaful Institution’s start up in 2008. It is a recognition of a true business partnership that results from first-class customer service and product investment strategy. This new long term agreement will enable Emirates Re to benefit from eurobase’s new synergy2 portal, incorporating improved governance, authorisation workflow, advanced data analytics accessed via web or mobile, enhanced self-service reporting and document management.
The EmiratesRE mission is to: Enlarge the market for Retakaful by offering enhanced reinsurance solutions and leading terms to Takaful and conventional clients. Providing differentiated products and excellent services requiring an ethical and independent approach backed by solid capital and sound Retakaful principles. The synergy2 software platform will support this mission by delivering genuine end-to-end reinsurance processing across underwriting, claims, reinsurance, technical accounting and performance and operational reporting. It has the ability to cater for conventional and Retakaful business lines and is fully configurable to individual business needs. Since implementing eurobase’s synergy2 system as a start-up company (as Al Fajer Re in Kuwait), the Company has moved its operations to Dubai and the DIFC, rebranded as EmiratesRE, and has continued to build on its strong track record in its core markets (Accident, Marine, Motor, Property, Engineering and Energy) with a diverse portfolio of sustainable customers. EmiratesRE have seen many benefits with the use of the system, including improved productivity, easily accessible information, real-time monitoring of risk exposure, enhanced system security and a comprehensive reporting tool. Taking the decision to further develop the partnership with eurobase international group was part of a significant business strategy for EmiratesRE.
Mohamed El Dishish, CEO of EmiratesRE, comments “EmiratesRE has consistently grown its business portfolio over the past 8 years and eurobase with synergy2 has played an integral part in supporting that growth. In making this commitment we are confident that, with the enhanced capabilities of synergy2, that support will continue as we progress towards our aim of making EmiratesRE the national retakaful provider for the region.” Locke, CEO eurobase Banking & Insurance Solutions, said “We are delighted to be extending our relationship with EmiratesRE and securing such a long term commitment. We look forward to helping them recognise ongoing business benefits via the synergy2 platform and to supporting the company’s plans over the coming years.”