For enhancing, improving and uplifting the work of insurers and agents, and for its versatile and powerful platform that improves the user experience for agents and clients, eBaoTech was awarded Technology Provider of the Year at the 2nd Asia Trusted Life Agents & Advisers Awards.
With billions of users and connected devices around the world today, eBaoTech believes digital insurance means connected insurance. Insurance was never meant to be a standalone business, but high costs of connectivity limited its integration in the past. The company’s APIbased eBaoCloud is designed to enable insurance to be connected to numerous other businesses and daily lives of people of all income levels.
As an enabler for insurers to innovate new products, experiment with new channels and achieve many-to-many connectivity in just weeks, eBaoTech features native cloud architecture; connectivity and an enablement platform for brokers/agents, insurers, affinity partners, and FinTech startups; micro services around insurance products and policies; product mixing and bundling across lines of businesses.
The platform has gained popularity with insurers across the world, bringing benefits such as increased sales revenue, enhanced front-office productivity and improved mobility for traditional channels. By helping insurers implement standardised and automated processes, the company helps its clients move their business to the online world, extending their reach beyond the physical.
The mobile platform is able to provide services ranging from quotation of policies to underwriting, to policy issuance, with an easy-to-use interface that can be easily integrated into existing platforms.
eBaoTech was founded in 2000 with a mission to make insurance easy. Today, with business in more than 30 countries globally, serving more than 100 carriers and numerous agents, brokers, and other ecosystem players, it has become a global leader in insurance technology.
It offers two groups of solutions: eBaoCloud and eBao Software. eBaoCloud provides nearly realtime capability of technology adoption for the insurance industry, while eBao Software offers more traditional on-premise implementation of software products for insurers and large brokers/agencies to optimise operation and support business growth.
Digital insurance is the central theme in the coming years and eBaoTech is well-positioned to be a partner and enabler for the insurance industry to accelerate technology adoption and move fast in the digital age.
The 2nd Asia Trusted Life Agents & Advisers Awards was organised by Asia Insurance Review with LIMRA as co-organiser, AIA as strategic partner, and Sun Life Financial as sponsor. The truly regional Awards saw winners from seven markets across Asia – China, India, Malaysia, Vietnam, Hong Kong, Thailand and Singapore.
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