London, UK - 24th May, 2006 Eurobase has signed a €350,000 deal with IKANO S.A Insurance Advisory, which will see the implementation of Eurobase's Synergy-Re solution. This deal marks Eurobase's entry into the Luxembourg insurance market.
IKANO was looking to make efficiency gains by replacing the disparate systems currently in place. The new underwriting system will enable IKANO to better maintain its information in order to support its parent company's risk management practices.
Synergy will be initially rolled out to 10 new users within the Luxembourg office. It will be used to administer the reinsurance business written by IKANO.
Elisabeth Schenckbecher, Insurance Account Manager, of IKANO comments: "We selected Eurobase as our technology partner as it was able to demonstrate that the Synergy solution most closely matched our needs. Additionally, existing clients with similar business models to us provided outstanding endorsements of the company and its ability to deliver."
Richard West, Eurobase Director, comments: "Synergy-Re is a variant of the Synergy group of products specialising in different market sectors. This particular version is designed to support the activities of a reinsurance company, and therefore it was able to completely meet IKANO's requirements. This deal takes us even further into the reinsurance market where we anticipate significantly boosting our activity in the future."