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16 April 2013
London
Reporter Jenna Jones

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Volkswagen captive upgrades underwriting platform

Volkswagen Insurance Company (VICO) is upgrading its existing underwriting platform, which is provided by Eurobase Insurance Solutions, to synergy2.

VICO is a wholly owned captive insurer of Volkswagen and subsidiary of Volkswagen Financial Services AG, based in Dublin.

Synergy2 is a fully integrated, end-to-end insurance administration platform, configurable to individual business needs, from governance to business process workflow setup. The new platform will support VICO’s global insurance processes across a multitude of classes, ranging from property damage and business interruption through to marine.

Aine McMahon, general manager of VICO, said: “We’ve worked with Eurobase for a decade now. The insurance solutions team understands the complexities of our business and processes, and we trust the team to deliver a successful implementation for us.”

Ian Bishop, client services director of Eurobase Insurance Solutions, said: “An environmental upgrade to the existing Synergy platform is being implemented by VICO. This presents the opportunity for the business to advance to synergy2, with its advanced workflow solution.”

“VICO will benefit from the comprehensive functionality of synergy2, including improved control and data quality as well as processing efficiencies.”

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