eBaoTech, the leading global software provider for the life and the property & casualty insurance industries announced today that PICC Life Insurance has selected eBaoTech Multichannel Integration Platform to support rapid deployment of its digital channels and to manage its existing channels more efficiently.

PICC Life Insurance, one of the Top 5 insurance companies in China, is now trying to dramatically increase the number of insurance policies from the internet channel. By adopting eBaoTech’s highly scalable and high performance integration platform, PICC Life will quickly gain the capability of dealing with high transaction volume from the internet channel.

Commenting on the kick-off of this platform, Zhenhui Xu, General Manager of Information Technology Department at PICC Life Insurance said, “I believe we are taking the right direction.  Complete internet mode for insurance companies are not feasible. It is quite important to implement the Multichannel Integration Platform in the next 2-3 years. This project further deepens the cooperation between eBaoTech and PICC Life Insurance as well.”

Jason Zhang, Corporate Vice President and General Manager of North Asia at eBaoTech added, “We feel very honored to have been selected as the software partner of PICC Life Insurance once again. eBaoTech’s products can help insurance companies to realize cost-effective, scalable, flexible and highly automated operations. We will pull out all the stops to ensure the success of the project.”   

Key advantages of eBaoTech Multichannel Integration Platform include:

• A foundation platform to support rapid business growth and product innovations;
• A unified engine and kernel to reduce the overall cost of channel management and while supporting flexible and quick channel integration;
• An open and sustainable adaptive architecture;
• A large-scale data processing capacity;

About PICC Life Insurance

PICC Life Insurance Company Limited was established in November 2005, and currently has a total registered capital of 25.761 billion yuan. PICC Life Insurance is primarily engaged in life insurance, health insurance, accident insurance and life reinsurance. Total assets were 369 billion yuan at the end of First Quarter 2013. PICC Life Insurance has sales and service agencies in 34 provinces, 286 cities and 1737 counties, and has established cooperative relations with more than 60000 bank branches. For more information, please visit www.picclife.com 

About eBaoTech

eBaoTech is an award-winning, global leader in core insurance software by delivering significant business values to our customers worldwide from both life and property and casualty (or general) carriers. eBaoTech’s mission is to “make insurance easy”; by making insurance faster, better and cost-effective for all parties in the eco-system. With more than 130 installations in 32 countries, eBaoTech leads the industry in global deployments. Our “Rapid Customer Success” approach enables customers to accelerate time to market from years to months and empower business transformation through rapid replacement of legacy systems. For more information, please visit www.ebaotech.com