Global Re, a full-service global reinsurance firm, has selected DXC Assure Reinsurance as its core administration solution, which will help underpin its expansion in the Middle East.
During its seven-year contract, DXC Technology’s reinsurance software will provide the reinsurer comprehensive automation across the complete reinsurance management life cycle.
It will also help Global Re to manage its reinsurance business, improving claims administration, ensuring the accuracy of accounting transactions, and reducing operational costs.
DXC Assure Reinsurance solution enables faster time to market, streamlined operations, enhanced customer experiences and a launching pad for growth.
The modular, integrated, cloud-enabled, digital solution continues to evolve to meet the demands of customers and supports all aspects of a reinsurer’s processing – from acquiring new business, through to renewal management and accounting.
Moreover, the automation of these processes can save time and reduce operational costs, while also providing the activity tracking and reporting necessary to meet regulatory requirements.
Andreea Bogdan, CEO, Global Re, commented: “Global Re launched its operations in Dubai with an aspiration to grow 25% year-on-year, focused predominantly on the Property and Casualty market, and to establish itself as one of the leading regional reinsurers. Our success will depend on automated processes and innovative approaches to manage risks across the reinsurance market.
She added: “Global Re is honoured to implement DXC Assure Reinsurance, a gem in the realm of software for our reinsurance business. This software, already catering to a discerning clientele, solidifies our unwavering dedication to delivering services of the utmost calibre.
“We eagerly anticipate harnessing the software’s capabilities to propel us to the pinnacle of the industry, consistently exceeding the ever-evolving demands of our esteemed clients and the global reinsurance market.”
The reinsurance market in the Middle East consists of State, Global or Regional reinsurers. Being relatively new to the Middle East, Global Re has partnered with DXC to provide a platform that will help its business grow.
Abdel Boulmakoul, MEA General Manager, Insurance, DXC Technology, said: “DXC has over 130 insurance customers with 25 reinsurance customers located within the Middle East.
“With its significant presence in the Middle East and a large portion of the reinsurance market relying on DXC Assure Reinsurance, DXC is well placed to partner with Global Re to achieve its aggressive growth priorities.”
