NewswireToday - /newswire/ -
Dublin, Donnybrook, Ireland, 2009/10/27 - European IT and services provider BSB will officially open its Dublin offices. This follows upon its recent announcement that it is to create 20 new jobs in Ireland.
At the official opening at the Stephens Green Hibernian Club, Dublin with the Tánaiste, Mary Coughlan, Frédéric Martin, Head of BSB Ireland and Jean Martin, BSB’s Group Chief Executive, BSB will outline how it will develop its Irish market servicing the life insurance market and financial services sector.
Despite the current challenging economic environment, BSB has continued to grow across Europe and win blue chip clients. It has secured six new clients for its software solutions during the first 6 months of 2009.
BSB’s focus in the first instance, is the Irish cross-border insurance market – a sector that has been vibrant in Ireland over the past 10 years. With its new operation in Dublin and its ambitions to be one of the leading pan-European insurance software providers, BSB Ireland will look to further expand into other English speaking cross-border insurance markets such as the Isle of Man and the Channel Islands, and later the UK.
“BSB exemplifies the innovative and knowledge based organisation that will be critical for Ireland's future," said Mary Coughlan TD, Tánaiste and Minister for Enterprise, Trade and Employment. "BSB's decision to base its operations in Ireland will not only create jobs in the short term, but reinforces Ireland's competitive reputation in the broader market."
The initial commercial target of the Irish office is the life insurance sector. Ireland has been mainly selected by BSB because its life insurance market is similar to BSB’s existing markets with respect to product structure and Ireland has a vibrant cross-border distribution network. Given the success that has been achieved in the Belgian and Luxemburg markets by BSB and the adequacy of Solife and Soliam software regarding the needs of cross border insurance companies, the similarities of the Irish market will provide BSB with real opportunities.
“BSB’s entry to the Irish market is a sign of its confidence in Ireland as an economy and the maturity of the Irish financial services industry”. Frédéric Martin, International Business Development Manager and Head of BSB Ireland, commenting on their decision to select Ireland said “We are excited to be here: you have an established talent pool, and huge expertise in both insurance and software”. “Dublin is an obvious and natural choice for BSB”.
European IT software and services provider to the financial services sector, BSB (bsb.com) was set-up in 1995. It has 250 employees and established operations in Belgium, France, and Luxemburg and product installations in several other European countries. BSB offers packaged solutions to the insurance sector, enabling its customers bring products quickly and costly effectively to the market. BSB is listed on Alternext of Euronext since 18 July 2008.
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Una Coleman, Codegaconsulting Dublin