Global professional services firm Synpulse has partnered with Cenata to leverage its outwards reinsurance system.
The collaboration aims to combine Synpulse’s extensive experience and specialised teams across various regions with Cenata’s prowess in providing native cloud solutions and rich functionalities for outwards reinsurance management.
CenataSure, identified as a leading outwards reinsurance system following Synpulse’s market assessment in 2022, perfectly aligns with the modern operational needs of ceded business. Its advanced technology stack, seamless user interface, and robust automation features ensure an efficient processing of risks and transaction administration.
The unique offering is an advanced real-time outwards reinsurance solution, meticulously crafted to efficiently handle a comprehensive spectrum of reinsurance needs, regardless of their intricacies or the volumes of data involved.
Synpulse, with over 1,300 employees across 21 offices worldwide, operates as a trusted advisor and collaborator in the financial services sector. Leveraging its tech powerhouse, Synpulse8, the company is dedicated to co-creating digital experiences using innovative technologies and proprietary methods.
Konrad Niggli, Managing Partner & CEO Synpulse, said, “We recognise Cenata as the technology leader for outwards reinsurance management. Their native cloud solution and rich functionality allow reinsurance managers to efficiently manage their treaties and transactions.
In other reinsurance news, Swiss Re Group has unveiled ambitious financial targets, as it aims to improve its net income by $3.6bn in 2024.
It is expected that this will be spearheaded by the Zurich-based firm’s Life & Health Reinsurance (L&H Re) division, which has also set lofty targets, aiming for a net income of $1.5bn.
The global insurers corporate solutions division is setting its sights on achieving a combined ratio of less than 93%. Concurrently, Swiss Re’s overarching goal entails attaining a long-term return on equity surpassing 14% for the entire group.
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