Everest Re Adopts DXC Technology’s Xuber for Reinsurers Platform
Implementation Optimizes Business Processing Across Leading Reinsurance Group’s Global Portfolio
TYSONS, Va.--(BUSINESS WIRE)-- Xchanging, a
Xuber for Reinsurers, part of Xchanging’s insurance offering, provides a modern and flexible IT architecture, optimizing Everest Re’s business processes across underwriting, claims, accounting and ceding functions. Xuber and Everest Re together tested and validated Xuber’s market-leading solution on which Everest Re developed a new underwriting system. Everest Re has already recognized a number of benefits, including operating cost efficiencies, accelerated new product launches, complex financial calculations, full multi-currency support, enhanced data analytics and improved compliance.
The implementation also established a blueprint for efficient data migration from disparate legacy systems into a single platform. Xuber and Everest Re utilized Xuber’s
“Competition is increasingly data-driven and the volume of data has increased exponentially,” said
“We needed modern technology that could integrate with our internal systems to generate greater automation of our back office so we could focus more on our internal capabilities,” Bajaj added. “Xuber’s product provides configurability and rich functionality which allowed us to integrate and retain our internal core components and control of our technology destiny.”
“Migrating more than four decades of data from a vast network of legacy systems handling business across the globe is an ambitious task. However, the implementation was truly a collaborative process,” said
ABOUT EVEREST RE
Everest Re Group, Ltd. is a
About Xuber
Xuber is an international software house that has been a trusted provider of innovative specialist commercial insurance software, end-to-end, for over 40 years. Xuber forms part of Xchanging, a
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