Englewood, Colorado – (The Hosting News) – November 11, 2005 – Managed hosting company, Verio, has
announced that managed hosting customer eReinsure has renewed its contract with
Verio. The expanded hosting solution has been optimized for high availability
for eReinsure clients with enhanced managed security and storage features and
new infrastructure components.
eReinsure, Inc. provides Internet-based technologies to enable insurance companies to manage the process of buying reinsurance and support efficient data flows between insurers, brokers and reinsurers.
According Igor Best-Devereux, CEO of eReinsure, ”Insurance companies can use reinsurance to mitigate their own risk by transferring a portion of liabilities to reinsurers. By using eReinsure’s online negotiating platform, insurance companies, brokers and reinsurers can efficiently conduct business with each other. The platform provides a completely secure environment for these companies to establish terms of agreement and review and manage information related to reinsurance placements.”
Reinsurance protects insurance companies against certain losses they may incur as a result of fulfilling policyholder claims. Many insurance companies purchase such protection to assist in managing risk.
The system upgrade implemented by Verio is a direct reflection of eReinsure’s continued growth and the widening popularity of its platform in the reinsurance market. The company wanted to add increased server capacity and dedicated load balancers. The system security was configured with high availability managed firewall pairs for added redundancy over the previous architecture. With eReinsure clients negotiating thousands of reinsurance transactions each year, a high availability system is essential.
Many insurance organizations have been investing to effectively comply with the Sarbanes-Oxley Act of 2002 together with other regulations that require heightened internal controls to ensure accurate financial reporting.
Best-Devereux explained, ”The eReinsure platform provides a way for our clients to manage reinsurance transactions while developing the control framework expected under the guidelines of Sarbanes-Oxley. It was critical that our hosting provider support this aspect of our business by maintaining appropriate controls over security and data storage. This was an important factor in the decision to host our solution at Verio’s SAS70-certified premier data center facilities.”
Mr. Best-Devereux added, ”For more than two years, Verio’s hosting and managed services have provided high reliability and availability for the eReinsure platform, and have helped eReinsure deliver top-notch service to its clients. Verio has helped us architect and build new technologies into our system, particularly in the security and data storage arenas. This new generation of technology will benefit our customers with enhanced performance and excellent positioning within the business community for years to come.”
Doug McMaster, Vice President of Sales for Verio commented on the news, ”With the SAS70 certification for our data centers, coupled with diverse and flexible security services and storage offerings, Verio is uniquely suited to provide business hosting and managed services to a company such as eReinsure, which serves the demanding insurance and reinsurance communities. We are delighted to be supporting these industries, and are pleased that we can meet the complex and highly-technical requirements demanded by eReinsure.”
To learn more about Verio, please visit: www.verio.com.