Digitalisation of insurance has just got started and not much real change has been achieved. Is talk of digital insurance just another passing fad that will soon be forgotten? eBaoTech’s Dr Woody Mo asks, is the insurance industry destined to be a tech laggard, with a justification that the industry is just different from all others?

eBaoTech Corporation and YF Life Insurance International Ltd are proud to announce the successful launch of their new policy management system for YF Life, replacing a legacy core system that had been in use for many years. The new core system, eBaoTech LifeSystem Suite, is now used to support all YF Life Hong Kong- and Macau-based business lines.

Trust Insurance Cyprus, a subsidiary of Trust Holding, successfully launched DigitalCore^TM in production for end to end life cycle operations of its general insurance business, replacing a legacy system that has been in use for decades. Since its launch, the new platform has been operating smoothly with strong user satisfaction and operation efficiency boost. 

"The new PA system laid a solid foundation to support our digital transformation. We are very pleased that the replacement project was complete within two years," Haitham Albakree, CEO, of Wataniya commented. "Besides the future proof solution on microservice and native cloud architecture, we are also pleased by the professionalism, dedication and passion demonstrated by eBaoTech's implementation team. With the new system in place, I am confident that we now have cutting edge IT capabilities to better serve our clients in digital age."