Collaborus Cloud Version 4.5 is Available for General Release
Continuous product enhancements from two recent installations
SYDNEY and SHANGHAI, October 21, 2016 — eBaoTech, a leading digital solutions provider for the global insurance industry today announced the general release of Collaborus® Cloud V4.5. Since its release in October 2015, Collaborus Cloud continues to introduce new features and improvements on the cloud. “V4.5 has proven to be our biggest value add yet, by understanding our customer’s workflow and business challenges, we have enhanced Collaborus Cloud to ensure the entire insurance lifecycle is benefiting. From streamlined processes for internal staff, to digital mobile touch points for brokers, agents and consumers, Collaborus Cloud can e-enable the entire ‘lead to cash’ workflow for insurers and Underwriting Agencies.” said Ken Slevin, GM of Collaborus Product Unit and Corporate VP, eBaoTech.
Collaborus Cloud Version 4.5 features include:
Insurers and Underwriting Agencies can now replace website pdf proposal forms with a smart form. The iForm supports multiple devices such as tablet or phone, and allows insurance products to be distributed electronically to various digital channels.
New Digital Dashboards
Collaborus Cloud introduces three new digital office dashboards – now available for external brokers / agents, underwriters and internal processing staff. These dashboards provide “a single source of truth” of insurance opportunities in a traffic light manner, and can be leveraged to accelerate business development activity and significantly reduce unnecessary administration work for internal staff.
Collaborus Cloud now offers a feature for insurers & Underwriting Agencies to manage rules around multiple brokers / agents selling new policies to the same customer (insured). The uniqueness of an insured can now be easily configured distinctly based on different product lines.
Collaborus Cloud now supports multiple fee elements within an insurance product. Multiple fees such as administration fees, broker fees and processing fees can be quickly added to products.
New Bordereau Reporting
Collaborus Cloud now offers a standard feature for users to generate and extract bordereau reports for insurance products. This bordereau report provides premium or risk data with respect to identified specific risks and can be periodically generated.
Collaborus enables insurers to
• Digitize their insurance products
• Fully externalize products for new business, endorsements, renewals and cancellations
• Significantly streamline operations by eliminating internal processes and allowing real time access to policy information and documents for agents, brokers and end customers
eBaoTech was founded in year 2000 with a mission to “make insurance easy”. Today, with business in more than 30 countries globally, serving over a hundred carriers and numerous agents, brokers, and other ecosystem players, eBaoTech has become a global leader in insurance technology.
eBaoTech offers two groups of solutions: eBao Cloud and eBao Software. eBao Cloud provides nearly real time capability of technology adoption for insurance industry. While eBao Software offers more traditional on premise implementation of software products for insurers and large brokers/agencies to optimize operation and support business growth. eBaoTech’s hallmark is “Rapid Customer Success” (RCS), with a strong focus on delivering business value to its customers fast. Digital insurance is the central theme in the coming years and eBaoTech is well positioned to be a partner and enabler for insurance industry to accelerate technology adoption and move to digital age fast. For more information, please visit www.ebaotech.com.
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