Korean Re Switzerland has selected Eurobase’s Synergy2 platform to support its end-to-end reinsurance operations.

According to a statement by Eurobase, Korean Re – which is one of the top 10 largest global reinsurers – is intensifying its efforts to grow in the European reinsurance market through its wholly owned Switzerland-based subsidiary.

Read more: Korean Re establishes Swiss subsidiary

Eurobase’s ability to demonstrate its comprehensive understanding of reinsurance processes and experience of working with start-up operations was a key factor in Korean Re’s decision to adopt the Synergy2 platform, the statement said.

“We are looking forward to working with Eurobase to establish an integrated and scalable underwriting platform which supports our business ambitions and is the backbone of our cost efficient operation,” said Markus A. Eugster, CEO of Korean Re Switzerland.

“As a result of recent and ongoing investment, Synergy2 is well positioned to meet the current and future requirements of reinsurance companies in what is a fast-changing technology landscape,” added Joe Locke, CEO of Eurobase Insurance Solutions.