Chelmsford, 14th March 2025: Eurobase’s Synergy2 was selected to fulfil both the current and future requirements of the global reinsurance organisation. A key value recognised during the selection process was the strength of Synergy2’s Underwriting processing and the provision of real-time Data Analytics. Due to the amount of business underwritten in regions vulnerable to natural catastrophes (NAT CAT), Eurobase developed a bespoke feature providing data for exposure management to support their many accumulations in these regions. The live data enables Genesis to make fast, informed decisions based on the level of risk due to the exposure they have for any given location.
The rich functionality within Synergy2 will empower Genesis to develop their multiple lines of business, without the need to grow the operational headcount. This scalability is further enhanced by Eurobase’s own managed service offering that is hosted within Microsoft Azure. This service will enhance reliability and improves security, again, key features that will enable and support long term growth for Genesis. This deployment maintains Eurobases 100% successful implementation record.
Synergy2 is a release-based platform, which enables seamless adoption of upgrades and countless ongoing benefits including updates on emerging and evolving technology & innovation such as AI. Furthermore, by keeping current with the latest releases, helps ensure alignment to the latest regulations, market initiatives, security updates etc, allowing Genesis to stay at the forefront in a rapidly evolving technological landscape.
Eurobase prides itself on its long-standing client base and welcomes Genesis Global Insurance to its growing customer community and looks forward to their participation within future innovation led programs.
Maripaz Velazquez, Chief Executive Officer Genesis Global Insurance stated:
“At Genesis Global Insurance, we are committed to leveraging proven technology to enhance our underwriting capabilities and decision-making processes. The implementation of Synergy2 marks a significant milestone in our journey, enabling us to optimize risk management, drive operational efficiency, and support our growth strategy. We are excited about the future and look forward to a strong partnership with Eurobase as we continue to expand our presence in the reinsurance market.”
Mark Phipps , Business Development Director Eurobase stated,
"I believe it’s fair to say both teams, at Eurobase and Genesis Global Insurance, have really enjoyed a particularly strong collaborative approach and it has been exciting to see how Synergy2 has started to have a positive impact on their reinsurance operations. I know I speak for the whole team when I say we are looking forward to building a long-term, strategic relationship with Genesis Global Insurance.”
About Genesis Global Insurance
Genesis Global Insurance is a global reinsurer domiciled in the Bahamas specialising in property and casualty risks across the Caribbean, Central and South America. As part of its strategic growth, the company is actively expanding its portfolio into new geographic markets, strengthening its global presence and broadening its reach in the reinsurance industry.
About Eurobase:
Eurobase is a leading international software and services provider of (re)insurance solutions. Established in 1988 and with customers in over 25 countries, Eurobase has gained extensive knowledge of the global (re)insurance markets. With a personal approach, Eurobase ensures it delivers the support and flexibility its customers need and the service they expect. With long-standing customer relationships, Eurobase has a committed approach to doing business and to product investment, delivering ongoing value above and beyond initial engagements.
For media inquiries, please contact:
Joanne West
Group Marketing Manager
Eurobase
Joanne.west@eurobase.com