eBaoTech ingresa al mercado austríaco a través de la exitosa implementación de LifeSystem con Swiss Life
Pan-European Platform implementation to launch in first country
Zurich, March 29, 2010 – Swiss Life went live with LifeSystem at the beginning of March with an innovative variable annuity product for the Austrian Market, delivered through a unique factory model. Swiss Life is offering this new generation of life insurance products with flexible guarantees through its Factory in Luxembourg, where policies will be underwritten and serviced, but actually sold via various distribution channels across multiple countries in Europe, as a first step through AWD and other brokers in Austria. LifeSystem serves as a platform to enable such multi-country strategy not only through its proven end-to-end policy administration capabilities but also by leveraging its service oriented architecture and extending its front end functionality to insurance brokers and portals.
Martin Tschopp, CEO of Swiss Life Products Luxembourg: “eBao’s LifeSystem helps us to leverage our centre of competence for innovative insurance solutions in Luxembourg in different markets and distribution channels. ”
Daniel Adamec, CEO eBaoTech Europe: “We have once again proven our solid delivery capabilities by completing the project within the original timeline of only eight months and budget. The project was executed in a truly multi-national way, with joint project teams working in Luxembourg, Zurich, Vienna and Shanghai. We are already working on new product launches planned for this year in various European countries and are committed to support Swiss Life’s ambitious growth plans based on this exciting business model.”
eBaoTech delivers standard-based, highly configurable insurance software suites to both property and casualty (P&C) and life insurers. Its future-proof product offerings enable insurers to realize the cost-effective, scalable, flexible and highly automated insurance operations in the ever changing environment. With offices in nearly ten countries across Europe, Asia and the Americas, eBaoTech has an extensive global coverage to serve leading insurance companies.
About Swiss Life
The Swiss Life Group is one of Europe’s leading providers of life insurance and pension solutions. In Switzerland, France and Germany, the Group offers individuals and corporations comprehensive advice and a broad range of products through its own sales force as well as brokers and banks. Swiss Life provides international corporations with employee benefits solutions from a single source, and is one of the global leaders in structured life and pension products for international high net worth individuals.
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