Societe Generale Insurance, eBaoTech and Moonshot-Internet Announce a Strategic Partnership in Europe

November 27, 2017

Moonshot-Internet and eBaoTech Have Signed a Strategic Partnership to Sell Contextual Insurances through E-commerce Websites in Europe

Moonshot-Internet, the B2B2C InsurTech dedicated to E-merchants created by Societe Generale Insurance in March 2017 is the first client in Europe of eBaoCloud®, solution of eBaoTech, a leading global provider of smart connected insurance platform for both life and general insurance.

eBaoCloud® is an open API platform providing micro services allowing to build innovative data analysis models and to develop insurance solutions in a dedicated Cloud. Since its launch in 2015, more than 300 insurance products have been rolled out on eBaoCloud® by over 50 clients, including insurance brokers, wealth management companies, aggregators and several global and local insurance carriers across markets in Asia and now in Europe with Moonshot-Internet and Societe Generale Insurance.

Moonshot-Internet has chosen this platform to industrialize the distribution of its contextual insurances and services for E-merchants. Moonshot-Internet solutions will be integrated on partner websites through Application Programming Interface (API) to improve customer journey with real-time services just after claims.

Moonshot-Internet has already developed two ranges of products dedicated to E-merchants of the transportation industry and more generally, to all E-merchants and players of the collaborative economy with return shipping offers. For example, in case of flight delay, customers of the E-merchants partner who have subscribed an insurance product are immediately notified and reimbursed or provided access to VIP services.

“We are proud of this strategic partnership between eBaoTech and Moonshot-Internet which will allow reinforcing client’s satisfaction of our partners with innovative and tailor-made insurance offers. With this new step, Moonshot-Internet intends to anticipate usages’ evolutions and to become the reference partners of E-merchants in Europe.” said Philippe Perret, CEO of Societe Generale Insurance.

“We are honored that Moonshot-Internet is entering into this long-term and strategic partnership with eBaoTech” said Woody Mo, CEO of eBaoTech. “eBaoTech looks forward to assisting Moonshot-Internet in achieving the maximum effect and value of eBaoCloud® within short period of time”.

About Societe Generale Insurance
Societe Generale Insurance is at the heart of Societe Generale Group’s development strategy, in synergy with all its retail and private banking distribution networks in France and abroad. Societe Generale Insurance also pursues the expansion of its distribution model through the development of external partnerships. Drawing on the expertise of its 2,400 employees, Societe Generale Insurance posted revenues of 11.5 billion euros in 2016. It manages 100 billion euros in outstandings and more than 22 million contracts. Sogecap is rated A- by Standard & Poor’s. For more information, you can follow us on Twitter @SG_Assurances or visit our website www.assurances.societegenerale.com.

About Moonshot-Internet
Moonshot-Internet is an InsurTech which develops usage insurance products and services dedicated to E-commerce. For us, insurance and service must be simple, useful and accessible to everyone. Using data, our predictive models offer adapted prices for each of your customers. No surprises in case of a claim: customers’ claims requests are processed in real time, offering your clients the possibility to be aware of the process state at any moment. No matter what size your business is, get our API, plug our products on your website then you're ready to offer additional services to your customers. For more information: www.moonshot-internet.com, Twitter @MoonshotOff

About eBaoTech
eBaoTech’s mission is “make insurance easy”. Since its founding in year 2000 and pioneering the 3G insurance tech, or Java based core insurance system, eBaoTech has grown fast and today has business in more than 30 countries globally, serving more over two hundred carriers and numerous agents, brokers, and other ecosystem players. Digital insurance is the coming wave. In eBaoTech view, digital insurance means connected insurance. eBaoTech’s digital solutions are: eBao Cloud and eBao Software.

eBao Cloud is an Open API platform to provide real connectivity and enablement for insurers, traditional channels, affinity partners, and FinTech startups. eBao Software mainly include core system suites for life, general, and health insurers as well re-insurers. More information at www.ebaotech.com.

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