Beazley Case Study

A review of the implementation of Eurobase’s synergy2 system and the operational benefits achieved

The quantifiable benefits for Beazley, in choosing synergy2, have been significant

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  • 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.

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