Eurobase Insurance Solutions has entered into a contractual agreement to supply its underwriting platform, synergy2, to Solen Versicherungen AG, a Zurich-based captive insurer and subsidiary of Shell.
The full functionality of synergy2 provides underwriting; claims; reinsurance, credit control and reporting services.
Eurobase has been providing solutions to the captive market for 12 years and this recent contract further adds to Eurobase’s fast-growing captive insurance client base, which also includes Dorinco (Dow Chemicals), VICO (Volkswagen) and IKANO (IKEA).
With the deadline for Solvency II implementation finally set, captive insurers such as Solen are looking at the ways in which technology solutions can help to streamline the collection and analysis of data and to manage risk retention through effective aggregation of risk.
Paul Buckle, director of Eurobase Insurance Solutions, said: “We were delighted to be awarded the Solen contract. We continue to place emphasis in the continued development of our services to the captive insurance market, and it further reinforces synergy2 as the sector’s solution of choice.”
“We are working collaboratively with Solen to implement synergy2, and are looking forward to a beneficial relationship.”
The synergy2 software platform provides a suite of integrated modules, supporting the end-to-end insurance process.
