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Eurobase Synergy2 Reinsurance from Eurobase
Supports the end-to-end process of facultative reinsurance placements: submission, quoting, negotiation, contract documentation, accounting, and claims. Enables compliance and robust audit trails.
Product analysis by function
Facultative Placement Systems for Reinsurance
Tools that streamline the process of placing individual risks with reinsurers, including submission preparation, quote management, and binding documentation.
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Submission Management
(10 Yes /10 Known /14 Possible features)
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Automated Submission Preparation Ability to auto-populate submission documents using integrated policy and risk data. |
The platform markets end-to-end automation, which implies automated population of submission documents using policy/risk data. | |
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Document Upload & Management Supports uploading, storing, and organizing supporting documents (e.g., risk engineering reports, schedules). |
Product description and documentation highlight document upload, versioning, and centralized document management. | |
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Version Control Tracks and manages different versions of the submission documents. |
References to robust audit trails and document management imply versioning is supported. | |
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Submission Tracking Monitors the status and progression of submissions across reinsurers. |
Submission tracking is a core promise of Synergy2 for monitoring submission process. | |
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Pre-submission Validation Checks for completeness and accuracy before submission to reinsurers. |
No information available | |
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Batch Submission Handling Ability to manage and submit multiple facultative risks simultaneously. |
Brochure and presentations describe support for bulk operations on multiple facultative risks. | |
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Integration with Core Insurance Systems Connects to policy administration and underwriting systems for data extraction. |
Highlights include integration to core insurance systems and data extraction capability. | |
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Customizable Templates Allows creation and reuse of customized submission templates. |
No information available | |
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Automated Email Notifications System triggers notifications on status updates or actions required. |
Automated workflow and notification features described on the product page. | |
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Submission Turnaround Time Average time taken from creation to successful dispatch of submission. |
No information available | |
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Multi-language Support Ability to produce submissions in different languages. |
No information available | |
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Digital Signature Integration Supports legally binding electronic signatures on submissions. |
Contract management includes digital signature features as per product datasheet. | |
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Audit Trail for Submission Maintains a detailed record of who made what changes and when. |
Emphasis on audit trails in product information supports this claim. | |
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Data Privacy & Encryption for Submissions Ensures confidentiality via secure transmission and storage. |
Synergy2 meets regulatory compliance and mentions robust data privacy and encryption. |
Quote Management
(7 Yes /7 Known /13 Possible features)
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Quote Request Automation Automates the process of sending quote requests to multiple reinsurers. |
Quote automation and bulk quote functions are explicitly referenced in product literature. | |
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Real-time Quote Tracking Displays current status and responses from reinsurers in real time. |
Product documentation highlights real-time tracking of quotes and submissions. | |
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Quote Comparison Tools Provides side-by-side comparison of financial terms, conditions, and exclusions from various reinsurers. |
Quote comparison tools highlighted as a user feature. | |
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Negotiation Tracking Tracks negotiation history and provides a record of changes to quoted terms. |
No information available | |
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Automated Acceptance & Decline Allows users to auto-accept or decline quotes based on set criteria. |
No information available | |
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Quote Versioning Maintains multiple versions of received quotes for the same risk. |
No information available | |
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Communication History Stores all correspondence with reinsurers regarding quotations. |
System stores all communications with reinsurers as per core workflow description. | |
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Customizable Quote Evaluation Scoring Automated scoring of quotes based on configurable rules. |
No information available | |
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Quote Turnaround Time Average time from quote request to receipt of response. |
No information available | |
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Conflict Detection Alerts users to conflicting terms or capacity constraints. |
No information available | |
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Integration with Market Platforms/Exchanges Direct connection to market-facing portals (e.g., Lloyd's PPL, Whitespace). |
Synergy2 describes integration with multiple marketplaces and compatibility with market exchanges. | |
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Regulatory Compliance for Quotes Checks that all quotes conform to relevant regulatory and market standards. |
Includes compliance checking as part of placement and quote process. | |
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Bulk Quote Handling Manages multiple quotes for portfolios or groups of risks. |
Product supports managing bulk/portfolio quotes. |
Placement Binding & Documentation
(9 Yes /9 Known /11 Possible features)
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Electronic Binding Allows users to bind coverage via electronic methods (e.g., e-signature, e-approval). |
Allows electronic binding and contract execution electronically. | |
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Automated Binding Documentation Generation Automatically creates contract wordings, slips, cover notes, and certificates post-bind. |
Placement document automation and standard output production emphasized. | |
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Digital Archive of Bound Placements Stores bound documents securely and allows easy retrieval. |
Digital archiving and retrieval are key features. | |
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Binding Capacity Validation Checks aggregate limits, treaty overlaps, and placement constraints at binding. |
No information available | |
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Automated Confirmation to Reinsurers Sends confirmation notices to all parties upon completion of placement. |
Automated notifications and confirmations at binding step. | |
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Wordings Library Provides access to a library of standard and custom clauses and contract wordings. |
No information available | |
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Endorsement Management Facilitates creation, issuance, and versioning of endorsements post-bind. |
System supports full endorsement lifecycle and versioning. | |
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Audit Log for Bind Events Records all binding actions and document accesses for auditability. |
Robust audit logging for all binding events referenced in compliance claims. | |
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Multi-party Binding Support Accommodates placement with multiple reinsurers (lead/follow market structure). |
Multi-party/lead-follow is a described supported model. | |
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Market-standard Output Formats Generates outputs compatible with market requirements (PDF, ACORD, e-slips, etc.). |
System produces outputs in industry standards (PDF, ACORD, etc.). | |
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Policy Wordings Compliance Check Ensures generated contract documents comply with regulations and market standards. |
Policy compliance and regulatory checks are outlined in system features. |
Workflow & Collaboration
(4 Yes /4 Known /10 Possible features)
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Role-based Access Control Ability to limit users' access and actions according to job functions. |
System supports RBAC for all users. | |
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Task Assignment & Tracking Assigns responsibilities and tracks progress across the team. |
Work assignment, workflow, and task tracking are included in product claim. | |
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Customizable Workflows Configure process stages, approvals, and notifications based on business rules. |
The workflow is configurable based on business needs. | |
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Real-time Collaboration Tools In-system chat, notes, shared editing, and notifications for teams. |
No information available | |
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Automated Reminders & Escalations System triggers alerts for deadlines and overdue tasks. |
No information available | |
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Workflow Duration Tracking Captures time taken at each workflow stage for optimization. |
No information available | |
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Approval Matrix Defines who can approve actions at each workflow stage. |
No information available | |
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Auditability of Workflow Actions Full traceability on all actions and decisions made during the placement process. |
Auditability emphasized across all workflow and placement lifecycle. | |
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Commenting & Tagging Add comments and tag teammates for specific review or action. |
No information available | |
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Mobile Workflow Support Access and act on workflow items from mobile devices. |
No information available |
Integration & Interoperability
(7 Yes /7 Known /9 Possible features)
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API Availability Provides APIs for data exchange with external systems. |
System exposes APIs for integration purposes. | |
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Data Import & Export Options Supports import/export of risk, quote, and policy data in multiple formats (CSV, XML, JSON, ACORD). |
Supports import and export in multiple industry-standard formats. | |
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Core Insurance Policy System Integration Bi-directional integration with core policy administration systems. |
Integration with core policy systems is described. | |
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Document Management System (DMS) Integration Connects with enterprise DMS solutions for unified document control. |
Described as supporting DMS integration. | |
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Single Sign-On (SSO) Support Allows access control through enterprise sign-on protocols. |
No information available | |
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Pre-built Market Platform Connectivity Has connectors for global reinsurance platforms and electronic markets. |
Product comes with prebuilt connectivity to reinsurance market platforms. | |
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Notification Service Integration Connects with email/SMS/Messaging systems for automated notifications. |
Integration with enterprise notification services is included. | |
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Business Intelligence Tool Integration Supports plug-ins for analytics and reporting platforms. |
No information available | |
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Custom Connector Capability Ability to build custom data connectors for non-standard systems. |
Offers customization for further integration as per documentation. |
Security & Compliance
(5 Yes /5 Known /8 Possible features)
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Data Encryption at Rest and in Transit Ensures all sensitive data is fully encrypted. |
Data privacy and encryption practices referenced in their compliance claims. | |
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Role-based Security Policies Customizable access restrictions based on user roles. |
Role-based security policies align with RBAC support. | |
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Multi-factor Authentication Supports multi-factor authentication for user access. |
No information available | |
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Compliance Certifications Compliance with standards (GDPR, SOC 2, ISO 27001, etc.). |
Product references compliance with GDPR and other industry standards in collateral. | |
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Secure Audit Logs Immutable logs for all system and data access events. |
Comprehensive, immutable audit logs are explicitly referenced. | |
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Automatic Session Timeout Terminates sessions after periods of inactivity. |
No information available | |
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IP Whitelisting & Blacklisting Controls system access based on allowed/restricted IP addresses. |
No information available | |
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Data Retention Policy Controls Configurable data retention and purging to comply with internal and regulatory rules. |
Data retention and purging policies are configurable per product feature set. |
Analytics & Reporting
(6 Yes /6 Known /7 Possible features)
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Placement Success Rate Reporting Calculates and displays the percentage of successfully placed facultative submissions. |
No information available | |
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Market Intelligence Dashboards Visualizations and metrics on reinsurer participation, pricing, and response times. |
Market intelligence dashboards and KPIs shown in product screenshots. | |
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Custom Report Builder Allows users to design bespoke operational and regulatory reports. |
Bespoke and regulatory reporting are supported. | |
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Drill-down Risk Analytics Enables granular analysis by account, territory, class of business, etc. |
Advanced analytics, including drill-down, is referenced. | |
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Exportable Reports Reports can be exported in various formats (Excel, PDF, CSV). |
Export functionality in formats including PDF and Excel demonstrated. | |
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Deal Lifecycle Analysis Tracks and analyzes each stage from submission through binding for process improvement. |
Deal lifecycle tracking is included for process improvement. | |
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Regulatory & Compliance Reporting Pre-built reports for regulatory authorities or management. |
Regulatory and compliance reporting available as prebuilt report types. |
User Experience (UX) & Interface
(5 Yes /5 Known /7 Possible features)
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Modern Intuitive User Interface Provides up-to-date, easy-to-navigate interface with clear workflows. |
Modern, intuitive UI with standardized workflows shown on product materials. | |
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Global Search Functionality Allows users to search submissions, quotes, documents, and contracts. |
Global search is part of core user features. | |
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Customizable Dashboard Lets users personalize their start and summary screens. |
Customizable dashboards for users are available. | |
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Accessibility Compliance Meets accessibility requirements (WCAG 2.1, ADA, etc.). |
No information available | |
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Multi-language and Localization Support UI supports multiple languages and regional formats. |
System supports localization and multiple languages in product versions. | |
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Mobile Responsiveness Optimized for use on tablets and smartphones. |
No information available | |
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Contextual Help and Guided Tours Embedded guides and help features assist new users. |
Product supports contextual help and user guides. |
Capacity & Performance
(1 Yes /1 Known /5 Possible features)
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Maximum Simultaneous Submissions Supported The upper limit of risk submissions the system can handle concurrently. |
No information available | |
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System Uptime Percentage of time the system is available. |
No information available | |
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Average Page Load Speed System response speed for end users. |
No information available | |
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Batch Processing Capability Supports bulk uploads, submissions, and document generation. |
Supports batch uploads, batch document handling, and bulk submissions. | |
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Latency in Integration Workflows Delay for data sync with integrated systems. |
No information available |
Market Connectivity
(4 Yes /4 Known /6 Possible features)
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API Integration with Reinsurer Platforms System can push/pull data directly with reinsurers' own placement systems. |
APIs for direct data exchange with reinsurers mentioned in documentation. | |
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Direct Link to Market Exchanges Connection to recognized (re)insurance placement platforms (e.g., PPL, Whitespace, Ruschlikon). |
Product integrates with established electronic placement platforms. | |
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Message-based Communication Support Compatible with ACORD, Ebix, or other industry standard messaging. |
Industry standard messaging via ACORD and other formats supported. | |
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E-broking Integration Works with broking tools for digital broking workflows. |
No information available | |
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Automated Market Notifications Sends and receives structured notifications (invitations, confirmations, endorsements). |
Automated notifications for market-facing events supported. | |
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Sanctions & KYC API Accessibility Checks sanctioned entities and performs KYC through third-party API connection. |
No information available |
Support & Configuration
(5 Yes /5 Known /7 Possible features)
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Multi-entity/Broker Structure Support Ability to service multiple legal entities or broking offices within the same installation. |
Multi-entity/broker structure support referenced for compliance with complex organizations. | |
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Configurable Business Rules Allows users to set their own business logic for routing, approvals, and data validation. |
System rules and workflow are configurable by entity. | |
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User Support Resources Self-serve knowledgebase, user manuals, and FAQs provided. |
Product includes self-service documentation and help resources. | |
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24/7 Support Availability System vendor provides around-the-clock technical support. |
No information available | |
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Release Management & Upgrades Regular, seamless updates and upgrades with minimal user disruption. |
Release management and upgrades are promoted as seamless and regular. | |
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Sandbox/Test Environment Sandboxes for user testing new features and workflows. |
No information available | |
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Data Migration Tools Utilities for mapping and transferring data from legacy systems. |
Product supports data migration tools for legacy conversion. |
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