British American Insurance Company (BAICO) has selected Eurobase’s insurance software solution, to help increase its market share of the general insurance industry in Trinidad and throughout the Caribbean. The Synergy system will enable BAICO to considerably increase the volume of business it handles in a cost-effective manner. It will also provide a platform for BAICO to facilitate bringing new lines of business to market, as well as enabling better document fulfilment and better management information, which in turn will ensure better risk management.
With its head office in Trinidad, BAICO provides household insurance to the Caribbean via a network of ten agencies in Trinidad and a further nine agencies across the Caribbean.
Richard West, Sales & Marketing Director of Eurobase Systems, comments: "We seek to help our clients respond to their customers’ real business needs; to enable them to be flexible in defining new insurance products; and to allow them to access wide-ranging performance analysis. The technical architecture underpinning Synergy is fast becoming the recognised industry standard for the region, so combined with the powerful business functionality we are able to offer BAICO a solution which supports them well into the future, however far their business develops."
Synergy is an advanced, highly configurable solution that covers the full business lifecycle for all types of personal and commercial general insurance. It supports business sold direct or via brokers and agents with a very extensive breadth of functionality covering underwriting, claims, accounting, reinsurance and reporting in a single integrated solution.
Brian Branker, Chief Executive Officer of BAICO, comments: "We selected Eurobase’s Synergy software ahead of the competition because it demonstrated the most functional and cost-effective solution to support BAICO’s insurance business across its network of branch offices, and because it offers the most sound and flexible platform to support our future growth ambitions".