Max at Lloyd's have extended their use of our Eclipse Annual Accounting (EAA) solution to also include Syndicates 2525 and 2526.
EAA was first introduced into Max at Lloyd's last year for Syndicate 1400, so they could benefit from a more efficient production process of their annual financial results.
During this period, Max at Lloyd's have not only recognised the substantial improvements in data access and transparency, but also the greater accuracy and speed in producing reports. They have now extended the use of EAA across their entire Lloyd's business.
EAA integrates seamlessly with our Eclipse Underwriting solution or any other underwriting platform, and delivers a systematic, rules-based earnings engine for all insurance and reinsurance business.
EAA eliminates the reliance on error-prone spreadsheets and is allowing Max at Lloyd's to significantly reduce their operational and reputational risk through greater levels of auditability, compliance and control. EAA is delivering faster production of reports, greater confidence in their financial figures and more time to analyse their results.
Lance Gibbins, Finance Director at Max, notes "Sequel are a reliable and trusted partner who have once again delivered on time and on budget. Eclipse Annual Accounting provides us with transparency, consistency and fast access to key financial information. Eclipse Annual Accounting underpins our fact-based decisions and now gives us twice as much time for review and analysis of the accounting process than we had before."