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Effisoft signs a new contract in Vietnam and strengthens its presence in Asia

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Effisoft, software solutions providers for the insurance, reinsurance, risk management, brokerage and pension funds industries, announces that the Vietnam National Reinsurance Corporation has chosen its WebXL solution as part of the remodeling of its reinsurance administration system.
WebXL is the only solution on the market that enables us to centralize and manage automatically the surplus Bordeaux we receive from our cedants, and produce consolidated reporting for retro cession players.

We fully trust Effisoft teams of reinsurance experts and believe they are a great partner to have in the long run. We are confident they will support our growing business and evolutions in the future", explains Le Hoai Nam, Deputy C.E.O at Vina Re.

Effisoft, software solutions providers for the insurance, reinsurance, risk management, brokerage and pension funds industries, announces that the Vietnam National Reinsurance Corporation has chosen its WebXL solution as part of the remodeling of its reinsurance administration system.
Due to the country economic development and the evolution of the local reinsurance landscape, Vietnam Reinsurance Corporation (Vina Ré) current system does no longer cover their activities.
Therefore, with the help of one of their stakeholder Swiss Re, they have started to scope out the various solutions offered on the market. The choice would be based on innovation, flexibility and ability to replicate and cover the retrocession programs.

«When we decided to look for a reinsurance software solution, it was imperative that the chosen solution offered in its standard version, integrated reinsurance mechanisms that could replicate our internal processes without having to modify our internal data model.
The implementation of WebXL has enabled among many other things, the automation of the generation of all technical accounts for inward and outward reinsurance.
WebXL is the only solution on the market that enables us to centralize and manage automatically the surplus Bordereaux we receive from our cedants, and produce consolidated reporting for retro cession players.

We fully trust Effisoft teams of reinsurance experts and believe they are a great partner to have in the long run. We are confident they will support our growing business and evolutions in the future", explains Le Hoai Nam, Deputy C.E.O at Vina Re.

« Effisoft is delighted to count Vina Re among its customers. This addition allows us to reinforce our presence on the Asian market. With this signature, Effisoft strengthens its relevance as a reinsurance software provider by offering a secure, fully customizable and easily interfacing solution with any internal operating systems whether you are an insurer,a reinsurer or a broker" added Julien Victor, Managing Director at Effisoft. "With this project we also secure our partnership with msg global asia in Singapore".