Southeast Insurance and Finance Group (SEG) Selects eBaoTech Core Insurance Software Solution to Support Business Growth and Transformation Strategy
BANGKOK and SHANGHAI, Feb. 9, 2015 — eBaoTech, the leading global software provider for the life and the property & casualty insurance industries announced today that Thailand-based Southeast Insurance and Finance Group (SEG) has selected eBaoTech software solutions, including eBaoTech® LifeSystem Suite, eBaoTech® GeneralSystem Suite and eBaoTech® GroupLife Suite, to manage its individual life insurance, general insurance and group insurance businesses respectively. These replacements will help improve its end-to-end operation and IT capabilities in order to support SEG’s business growth and transformation strategy.
Mr. Chotiphat Bijananda, Chairman of Executive Board of SEG commented on the significance of core system replacement: “We look forward to having the new core systems to support our aggressive business growth strategy aiming to be one of the leading insurance companies in individual life, general insurance and group insurance businesses in Thailand. SEG’s existing core insurance systems are no longer able to manage the increasing transactions, to enhance our B2B or B2B2C strategy, and to support our 3-year growth plan. We were looking for new core systems that are scalable to handle massive volume, can efficiently deliver faster time to market of products and services, and are flexible (configurable) to create different products, services and processes under changing competition.”
Woody Mo, CEO and President of eBaoTech said: “Our mission is to make insurance easy for insurers, direct clients, agents and brokers. We feel honored to be selected as core insurance software provider to help SEG to achieve their strategic goals. We are confident and committed to support SEG to continue expand its marketing channels, developing a wide range of products and services to offer top-value protection that meets the specific needs and demands of their clients.”
With eBaoTech’s solutions, SEG will be able to improve overall operational efficiency, including integrating multiple channels, faster product launches, shorter customer response time and lower operating costs. eBaoTech’s systems support the end-to-end lifecycle operation of all mainstream insurance products, with a high degree of flexibility and configurability.
“After rounds of intensive vendor evaluation and assessment, we decided on eBaoTech as our core insurance software provider and solution partner because they have the best product architecture and solution functionalities, deep industry knowledge and domain experience. More importantly, they are the best people to work with because of their professionalism, passion, customer-oriented, result-driven and never-giving up attitude,” added by Dr. Apichai Boontherawara, Vice Chairman of Executive Board of SEG.
About Southeast Insurance and Finance Group (SEG)
Southeast Insurance and Finance Group (SEG) is an affiliated company of TCC group, one of Thailand’s largest corporations with strong financial stability. SEG offers a comprehensive range of insurance and financial products and services in Thailand for 69 years. It currently consists of 3 subsidiary companies which are Southeast Insurance Plc., Southeast Life Insurance Plc., and Southeast Capital Co.,Ltd. With total asset more than 40,000 million baht, it aims at providing integrated financial and insurance solutions for lifestyle stability and business continuity for customers and business partners.
eBaoTech is an award-winning, global leader in core insurance software by delivering significant business values to our customers worldwide from both life and property and casualty (or general) carriers. eBaoTech’s mission is to “make insurance easy”; by making insurance faster, better and cost-effective for all parties in the eco-system. With more than 130 installations in more than 30 countries, eBaoTech leads the industry in global deployments. Our “Rapid Customer Success” approach enables customers to accelerate time-to-market from years to months and empower business transformation through rapid replacement of legacy systems. www.ebaotech.com.
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