Synergy for the London Market: “Synergy-LMk”

A flexible, innovative solution for composite London Market insurance enterprises

London Market Insurance Solutions

The London Market has changed dramatically. Increased international competition has driven significant consolidation, whilst market capacity has continued to grow, resulting in a smaller number of large, composite carriers with increasingly diverse business models. However, in order to remain competitive the market must continue to drive down costs whilst delivering innovation and improved service to existing and new customers. This means that organisations in the market have several business challenges:

• Reduced cost per transaction;
• Distribution through new channels and new locations;
• Deliver new products to market quickly and efficiently;
• Improved customer service.

Eurobase can help you meet these challenges. We focus on insurance and reinsurance throughout the distribution chain, whilst maintaining our solutions in line with key initiatives such as Contract Certainty, Straight Through (Peer to Peer) processing and Accounting & Settlement. The main benefits include:

• Greater flexibility, with additional modules that can be configured quickly and easily to support new business channels such as combined bureau messaging, binding authority management and direct trading;
• Increased efficiency, because our software supports all of your core business processes in an integrated solution with automation and management controls that are adjusted to meet your requirements;
• Improved agility, by putting product definition and control at your fingertips, and enabling rapid deployment to new locations;
• Greater customer retention, by delivering customer centric performance against your key economic indicators using real time management information and proactive alerts that are configured to your requirements.

Our expertise is your success

Our specialist knowledge of the demands and subtleties of the market, combined with our proven expertise in delivering innovative solutions, means that Synergy-LMk is able to deliver competitive advantage today, whilst securing your business for tomorrow. Key features of the system include:

• Traditional London Market subscription processing;
• Extended functionality in areas such as delegated authority and direct trading;
• Integration with market services and specialist third party applications using latest technology such as XML;
• Secure access to critical business information for you, your customers and your key business partners;
• Real time, enterprise reporting and business intelligence, with drill-down and exception monitoring.

Synergy-LMk can deliver you a significant competitive advantage today. If you would like to understand more about how we can do this, then please contact one of our consultants on sales@eurobase-international.com.

Back to top