All these packages are developed using web technology and are easy to use and implement. They are all fully Java based, N-tier and customer-centric insurance administration systems.
As a comprehensive suite for end-to-end operation and management of life insurance business, eBaoTech LifeSystem has been installed in 36 operations in 16 countries worldwide.
Supported products: Most mainstream life insurance products are supported, including traditional term, whole life, endowment, investment linked, universal life, variable universal life, variable annuity, accident and health insurance products;
Supported channels: LifeSystem enables selling and servicing in multiple channels, such as agent and broker, call center, Internet, bank and other external channel solutions;
End to end functions: LifeSystem truly covers the entire lifecycle of life insurance operations, including quotation and new business submission, underwriting, policy issuance, alteration and service, renewal, claims, reinsurance, billing, collection and payment, sales and marketing management, party management, and many supporting functions;
Flexibility: Based on eBaoTech Insurance Common Platform (iCP) which includes a rating engine, a rule engine, a formula engine, a workflow engine and a web page editor;
Customer and distributor portals: Based on integrated portals, eBaoTech LifeSystem enables customers and distributors to do their business anywhere, anytime and anyhow through a configurable front end;
Automation and remote collaboration: Given its web-based nature with zero client-side installation, LifeSystem enables a high degree of automation and easy support for remote collaboration or centralization to reduce operation cost and optimize resource utilization;
Mobile phone enablement: Quotation function is enabled on smart phones so that agents can generate quotation directly from eBaoTech LifeSystem for products defined there without additional programming work;
Configurable audit trail and Solvency II capabilities: Fully configurable audit functionality and high level of data granularity satisfy rapidly growing need for data to do Solvency II tests outside the system.
KEY BENEFITS
eBaoTech LifeSystem is able to deliver significant and immediate benefits to life insurance companies by reducing hardware cost, maintenance and operations expenditure, as well as improving service quality and reducing time to market.
Substantially lower operation costs
Advanced customization and integration capabilities
