eBaoTech Expands Presence in Thailand Insurance Market with New Bangkok Office
Bangkok, Shanghai – December 16, 2013, eBaoTech, a global software provider to the life and property & casualty insurance industry, announced today the opening of its new office in Bangkok. The Bangkok office will support customers in Thailand such as ACE Life and Samsung Life as well as provide software implementation and deployment services to regional insurance clients.
eBaoTech serves multinational and local insures of all sizes, across all lines of business in more than 30 countries globally. In the Asia Pacific region, eBaoTech is proud to include these leading insurers among its customers: ACE APAC, AIG APAC, Ageas, Asahi Life, Prudential, Samsung Life, Great Eastern Life, NTUC Income, among others.
Woody Mo, CEO and President of eBaoTech commented, “The Thailand insurance market is growing rapidly and has benefited from a strong economy and increasing population. However, many insurers are still using Cobol-based systems or in-house developed policy administration systems, which hinder their ability to quickly react to market needs and provide users with a fast and customized experience.”
A leading life insurer in Thailand recently went “live” on the Celent award winning eBaoTech LifeSystem Suite, after only a 4-month implementation. This replacement project demonstrated high configurability and delivered best practices embedded on a leading technology platform. eBaoTech LifeSystem will support this multinational insurer’s rapid growth plans in Thailand’s insurance market.
“eBaoTech’s modern and productized PAS brings added value to customers, is more reliable and efficient than custom-developed policy administration system projects and in the long term reduces the total cost of ownership of a modern productized PAS. Working together with leading local system integration and consulting partners in Thailand, eBaoTech is confident about its strong prospects for growth and success in this dynamic insurance market,” added by Jason Bissell, Corporate Senior VP of Global Sales and Marketing of eBaoTech.
eBaoTech’s Thailand office can be reached at +66 2686 3494.
eBaoTech accelerates growth for insurers. The company’s end-to-end core system – eBao Elemental™ – reduces complexity with product standardization and multi-channel management, best practice workflows that streamline operations, connected software for compliance and information consistency, and any user/any device accessibility to improve quality of experience.
With more than 100 installations in 32 countries at life and property & casualty carriers from AIG to Samsung Life, eBao leads the industry in global deployments, enabling “switch on” approaches that speed time-to-market from years to months and empowers business transformation through rapid replacement of legacy systems. Headquartered in Shanghai, eBao has 1,000 employees and a worldwide partner network. www.ebaotech.com.
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