The quantifiable benefits for Beazley, in choosing synergy2, have been significant:
• Annual cost savings of circa £250k through removal of data rekeying, optimal operational processes, reduced solutions maintenance.
• Significant risk reduction arising from an improved control environment (e.g. Solvency II, Security, Lloyd’s standards) – financial penalties for failure for which could be significant.
• Cost avoidance (£5m+) of a full system replacement though leveraging investment in previous UW platform.
• Significantly improved security for sensitive risk documentation, providing significant mitigation against a £5m-£20m data breach risk event that would otherwise have cost in excess of £250k to fix with previous technology.
Eurobase is a global group operating across six specialised areas in 25 countries. We pride ourselves on our personal approach and provide reliable software solutions for (re)insurance companies, banks and other financial institutions along with comprehensive consultancy and high-calibre IT recruitment services.
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