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RANDOM QUOTE
Famous Slights - "That part of his speech was rather like being savaged by a dead sheep." - Dennis Healy, on Geoffrey Howe

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News Release

Eurobase partners with Touchstone to provide end-to-end insurance underwriting software proposition Integrated technical and financial accounting solution for the insurance and reinsurance sector

Released: 24th November 2009
Publisher: Portfolio

November 24, 2009: Eurobase Insurance Solutions, a leading independent software and services provider to the worldwide insurance market, has joined forces with Touchstone Group, a leading independent provider of finance and accounting applications in the UK, to provide an end-to-end insurance underwriting and accounting software proposition. The partnership brings together Eurobase's underwriting application, Synergy which has technical accounting functionality embedded as standard and Touchstone's powerful SunSystems financial accounting application, offering seamless integration between the two.

This new offering provides a fully integrated technical and financial accounting solution, which gives users a single view of the complete customer account. Financial information is processed seamlessly and in real-time, ensuring complete transparency and traceability across the enterprise.

Maryann Fitzgerald, Sales Director, Eurobase Insurance Solutions, comments, "The current economic downturn, increasing regulation, changes in accounting practices and the adoption of international legal and fiscal standards are driving the need for greater transparency across the sector. The availability of real-time operational data across an organisation supports better-informed decision making, maximises the effectiveness of capital and ensures efficiency and transparency across the entire business portfolio". We look forward to working with Touchstone in both our domestic and international markets.

Les Jones, General Manager of Touchstone's SunSystems division, comments, "Eurobase is a well-established and respected international supplier of underwriting solutions and through the unique combination of our business applications and our management and operations consultancy services teams, we have a totally integrated solution that offers maximum availability and efficiency for our current and prospective clients."

About Eurobase Insurance Solutions:
Eurobase Insurance Solutions is a division of the Eurobase International Group. The group operates across a broad range of markets including insurance, reinsurance, financial services, IT consultancy, technical services and recruitment. Established in 1988, Eurobase's nearly 300 employees and contractors support clients throughout the world. Clients include market leaders such as Beazley, Hannover Group, Asia Capital, Primary Group, WestLB, Standard Chartered Bank, Dow Chemical Company and LogicaCMG. Eurobase prides itself on the strength of its partnerships with leading technology providers such as PwC, IBM, Oracle, Microsoft and Hewlett Packard. Eurobase's recruitment arm Eurobase People provides specialist recruitment services to the insurance and reinsurance sector. For more information, visit http://www.eurobase.com/

About Touchstone:
Touchstone Group is a specialist Accounting, eProcurement and Business Intelligence software and services company. The company provides integrated business software and consultancy services for specific vertical markets including Insurance, Fund & Investment Management, Wholesale Banking and Wealth Management. With clients including Corporation of Lloyd's, Equity Insurance Group and Domestic & General, Touchstone has more than 28 years experience of delivering solutions designed to meet the needs of the financial services industry.

For further information, please visit www.touchstone.co.uk/sunsystems or contact Peter Davis at peter.davis@touchstone.co.uk

Ref: 09-166 Date: 24.11.09


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