A multi-user Iris licence will be delivered to Q-Re LLC through a 3 year contracted managed service. Implementation will begin immediately to be completed in Q1 of 2013. The contract was won via a competitive tender.
Q-Re LLC is the reinsurance arm of Qatar Insurance Company SAQ (QIC), the largest insurer in Qatar. Q-Re LLC has selected Xuber software to underpin its ambitious global drive for new business, having recently launched a European platform, set up additional offices in Zurich and London, and are in the process of hiring a first class team of senior reinsurance underwriters.
Adrian Morgan, Head of Xuber, comments: “Xuber is delighted to embark on this new working relationship with Q-Re LLC, and we look forward to playing a critical part in the company’s global growth ambitions. This is our third client in the Middle East, which goes to highlight our unique international capabilities and reach.
Iris is a known, established product, and the benefit it delivers to business is proven; hence the vote of confidence from Q-Re LLC.”
Iris (International Reinsurance and Insurance System) is a product from Xuber, supporting a wide range of reinsurance and insurance business including marine, non-marine, and aviation, together with facultative and treaty reinsurance either on a proportional or excess of loss basis. Iris is the leading solution for Lloyd’s, London and international reinsurance underwriters; it’s flexibility of screen design and rules-based business processing ensures that the specific requirements of each class of business are addressed.
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