Nepal-based Himalayan Re has deployed Synergy2, an built-in and end-to-end reinsurance administration platform developed by Eurobase.
The implementation was carried out after Synergy2 met Himalayan Re’s essential practical wants.
It gives enhanced functionality to Himalayan Re by optimising enterprise procedures and minimising handbook intervention that allows the corporate’s staff to conduct higher-value actions, famous the seller.
Himalayan Re has additionally been capable of obtain improved adaptability to react swiftly to market adjustments, with enhanced functionality to oversee performances and show accountability.
The Synergy2 release-based platform has been designed to assist reinsurers attain sustainable and strategic development within the digital period.
Himalayan Re CEO Chandrasekaran Ramamurthy stated: “Himalayan Re selected Eurobase Synergy2 for its user-friendly, but complete Reinsurance Enterprise Administration and versatile enterprise intelligence stories for optimisation of enterprise targets.
“Workflow automation has helped streamline underwriting and claims dealing with.
“Himalayan Re has gained end-to-end processing capabilities inside a brief span of 1 yr of its graduation of enterprise operations.”
Himalayan Re presently gives reinsurance options to life and common insurance coverage firms in Nepal and past.
Eurobase CEO Joe Locke stated: “The success of this venture is right down to the groups inside each firms working extraordinarily collaboratively all through.
“We sit up for supporting Himalayan Re in attaining its enterprise targets for a few years to return.”
With a presence in additional than 25 international locations, Eurobase presently serves the worldwide (re)insurance coverage markets.
In February 2023, Nigerian reinsurance firm FBS RE chosen the Synergy2 platform to help its operational processing capabilities and development.