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Klapton selects Eurobase and the Synergy2 platform to support its end-to-end insurance and reinsurance operations

[fa icon="calendar"] Jul 2, 2019, 1:21:48 PM / by Matthew Wilson

Eurobase is pleased to announce that Klapton has selected synergy2, the leading platform for (re)insurers having undertaken a vigorous selection process. Klapton reviewed a number of reinsurance software providers to identify an end-to-end platform capable of achieving the greatest operational efficiency. Synergy2 was identified as the best solution to deliver this and support Klapton’s entire reinsurance processing requirements. Alongside the main operational benefits of Synergy2, Eurobase’s impressive record of successful implementations and strong references was also key to Klapton’s decision making process.

Eurobase has over 30 years of experience and expertise within the (re)insurance industry and demonstrated a true understanding of Klapton’s business. This, coupled with the tangible gains that Synergy2 will deliver in terms of operational efficiency meant Eurobase was the right strategic partner to help Klapton realise their business targets and plans for growth.

Commenting on the selection of Eurobase, Justin Tuson, CTO of Klapton said:“Eurobase was chosen after an exhaustive due diligence process, during which we considered several leading market providers. We selected the Synergy2 platform as we feel it is the one which can meet our needs for an end-to-end process, from risk evaluation and acceptance through to accounting and reporting. We look forward to developing a long term relationship with the Eurobase team and a successful implementation process and beyond.”

Joe Locke, CEO of Eurobase Insurance Solutions, adds “We are delighted to welcome Klapton into our growing community of reinsurers who have chosen Eurobase as their trusted strategic partner and the synergy2 platform. We look forward to working with Klapton and supporting them in achieving their strategic goals”

 

About Klapton

Klapton are an insurer and reinsurer registered in the Autonomous Island of Anjouan, Union of Comoros and formed in 2005, with reserves of over €55m. Since 2017, Klapton are a rated insurer, and recently Klapton is awarded Investment Grade rating by Bloomfield Investment (A1- Short Term & BBB+ Long Term – both with Stable outlook).

Klapton’s main activities are within Africa, Middle East and Asia, focusing on core activity lines, mainly sureties (bonds and guarantees), combined commercial (SME, Contractors & Engineering) and inward facultative reinsurance covers. These covers are carefully accepted from customers and brokers with whom Klapton develop long term relationships.

 

About Eurobase:

Eurobase is a leading international software and services provider of (re)insurance solutions. Established in 1988 and with customers in over 25 countries, we have gained extensive knowledge of the (re)insurance markets. Our solution, Synergy2, is a web-based platform providing a suite of integrated modules that supports the full end-to-end (re)insurance process.
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.

 

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Topics: Insurance, Reinsurance

Matthew Wilson

Written by Matthew Wilson