Eurobase is pleased to announce that Korean Re Switzerland, Korean Re's newly established European reinsurance subsidiary, has gone live with Synergy2, a leading reinsurance platform for global reinsurers. Maintaining its 100% success rate for implementations, Eurobase has finished the first phase for a fully integrated, complete, end-to-end insurance administration platform, configurable to Korean Re Switzerland's business needs. The 'go live' phase of Synergy2 was concluded within a 9-month timeframe and Korean Re Switzerland is now benefitting from streamlined reinsurance processing and operational efficiency.
Eurobase has more than 30 years of experience and expertise of the reinsurance industry and has demonstrated a strong understanding of Korean Re Switzerland’s business requirements throughout the engagement. This, coupled with the future proof partnership that Korean Re Switzerland now has with Eurobase, provides a security in its ability to maintain business requirements in an ever-changing technology and regulatory landscape.
Commenting on the implementation of Synergy2, Markus A Eugster, CEO of Korean Re Switzerland said,
“The implementation of Synergy2 and our engagement to date with Eurobase has been well received. The Synergy2 platform has so far met our needs for an end-to-end platform, from submission, underwriting and acceptance through to accounting and reporting. We look forward to the continuous development of the Synergy2 platform and an ongoing and long-term relationship with Eurobase.”
Joe Locke, CEO of Eurobase Insurance Solutions, adds,
“We are pleased to have implemented Synergy2 for Korean Re Switzerland and believe we have built the foundations needed for providing a long-term partnership. We are looking forward to Korean Re Switzerland realising further benefits as a result of our ongoing investment in our release-based platform, synergy2 and maintaining an efficient, streamlined European operation.”
About Korean Re
Korean Reinsurance Switzerland AG is a wholly owned subsidiary of Korean Re, a global reinsurer with 57 years of expertise and experience in the reinsurance business. Korean Re is ranked among the world’s Top 10 reinsurers and has an extensive global network in locations such as Korea, Singapore, USA, UK, Japan, Hong Kong, China, Malaysia, Dubai and Colombia. Korean Re's mission is to provide reinsurance services of the highest possible standards to deliver value for clients, shareholders, and employees and ultimately support their growth and prosperity.
Eurobase is a leading international software and services provider of (re)insurance solutions. Established in 1988 and with customers in over 25 countries, Eurobase has gained extensive knowledge of the global (re)insurance markets. 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.
For further information, please contact:
Group Marketing Executive
Eurobase International Group
T: +44 (0) 207 648 2499