GroupLife Suite

eBaoTech® GroupLife Suite has been developed over the last 11 years into a highly mature solution, currently supporting 12 installations across the Americas and Asia Pacific. It is a specialized product suite with the same architecture as the eBaoTech® LifeSystem Suite.

Group life insurance products supported:

  • Traditional Life: term and credit life
  • Accident and Health: accident, critical illness/dread disease, hospitalization, long-term care and major medical

Benefits at a Glance

  • Choice of implementation either on the insurer’s IT infrastructure or as Software as a Service (SaaS)
  • Lower costs thanks to easier software implementation, enhancement and maintenance
  • Faster product launches as a result of built-in configuration and integration capabilities
  • Better customer service with centralized customer data and end-to-end operations support
  • Simplified global operations thanks to proven multi-entity capability

User Interface at a Glance

Insured List Upload Function simplifies data entry

Query on policy holder organization tree

 

eBaoTech GroupLife Suite consists of the following functional components: Policy Administration, Product Configurator, Underwriting, Claim System, Entity Management, Finance, Channel Management, Reinsuranceand, and Coinsurance.


Policy Administration

The Policy Administration System is a comprehensive platform that serves as the back-end policy data storage center. It includes the following functions:

Product Configurator

The Product Configurator for group life insurance accelerates the launch of new products through easy to use screens and tools. Insurance product templates are included to facilitate the development of product variations from existing products.

Underwriting

The Underwriting module includes embedded rules and calculations to reduce manual processes in policy issuance, and also contains embedded processes to enable manual overrides for special cases requiring further assessment.

Claim System

The Claim System handles all claims processing, and allows both batch and individual claim processing. It provides functionalities such as claim registration, acceptance, evaluation and approval.

Entity Management

Entity or Party Management provides management of all entities, including the policy holder, subsidiaries, hospitals, reinsurers, coinsurers, brokers, agents and insured individuals. This allows system users to develop and maintain the entity organization and hierarchy set-up.

Finance

The Finance module manages real-time financial records. It provides functionalities and auditing support for all receivables and payables-related work, including various premium collection and disbursements methods, as well as accounts receivable and payable records for premiums and claims. It also provides interfaces to handle transactions through direct debit, credit cards and other payment methods. Also built-in are flexible posting rules and interfaces with various third party general ledger systems such as SAP or Oracle Finance.

Channel Management

Channel Management provides management of multiple sales channels, including tied agency, broker and independent agency. This allows channel supervisors to manage and supervise their teams with a robust set of tools, including: Channel organization, hierarchy set-up and commissions.

Reinsurance

The Reinsurance module supports reinsurance outwards business. Through analysis of data from other components such as new business, customer service and claims, the system calculates cession and generates facultative disposal cases automatically.

Coinsurance

GroupLife’s Coinsurance module allows for the definition of primary and secondary insurers, and records key information such as each company’s share, administration fees, etc.

See Other Featured Products

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eBaoTech LifeSystem SalesPlatform

eBaoTech GeneralSystem Suite

Learn about our service offerings or check out our worldwide clients.

Client Testimonial

The eBaoTech SaaS model enables us to execute our vision and strategy in uncertain economic conditions and a highly competitive insurance market. eBaoTech’s SaaS solution will bring WanaArtha Life to a higher level of customer service where we can offer faster and more convenient service to our customers. During the installation period, the solid cooperation between the eBaoTech team from Shanghai, Singapore and Indonesia with our dedicated team was the key of success.
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Eddy Berutu, Chief Executive Officer of WanaArtha Life

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