|By Marketwired .||
|September 9, 2013 02:12 PM EDT||
PARIS, FRANCE -- (Marketwired) -- 09/09/13 -- Effisoft, a leading European reinsurance software provider, has set up a new branch in Zurich, Switzerland, to serve the German-speaking market and named Jean-Pierre Fischer CEO of the Swiss branch.
Headquartered in Paris, Effisoft has undertaken a successful international development strategy in the past ten years, resulting in the establishment of a large client base of over 300 accounts in 17 countries, including two clients in Switzerland. It founded its North American operation, Effisoft USA Inc., in March.
"Opening a branch and investing in Switzerland is a key step for Effisoft towards its objective of targeting European reinsurers in general," Fischer said. "We are confident that our flagship product WebXL is perfectly designed to meet the specific needs of the market and we are already getting very positive feedback from our prospect customers."
Fisher is both a reinsurance software and Swiss-market expert, having worked as CEO of msg systems ag Landesgesellschaft Schweiz and as business area director, financial services, for CSC Switzerland.
"We believe Jean-Pierre is a key addition to our team of reinsurance experts and that his experience will be of great value in leading our Swiss branch operations," said Effisoft managing director Julien Victor.
Switzerland is the European reinsurance hub. Recent studies like Market and Research's "2020 Foresight Report: Reinsurance Hubs" show the growing role of leading reinsurance hubs such as Switzerland, Bermuda and Singapore in a booming global reinsurance market.
Effisoft is an international group that designs and develops software solutions for the insurance, reinsurance and risk management industries. The group is headquartered in Paris France and has offices in Dallas, Switzerland and London and serves the Asian and African markets through its affiliates in Singapore and Johannesburg. Effisoft has a customer base of over 300 companies on five continents, many of which are listed on the NYSE, FTSE and CAC40. More information is available at www.effisoftusa.com.