Achieve Rapid Customer Success through an Open Technology Engine

Shanghai, China – October 17 – Datong, China’s largest professional insurance sales organization and eBaoTech, a leading digital solutions provider for the global insurance industry announced today that Kuaibao, an app jointly developed and upgraded by both parties was officially launched on October 8. With the latest upgrade, Kuaibao now serves as a comprehensive service platform selling all mainstream insurance products and providing actuarial calculations, benefit demonstrations, and information exchanges and sharing. Thanks to eBao Cloud’s strong technical capabilities and flexibility, the app was developed and upgraded in just 1.5 months, setting a new benchmark for similar projects in terms of development speed and depth. So far, more than 200 life insurance products from roughly 20 insurance companies have been featured on this online sales application. 

Datong is China’s first nationwide professional insurance sales and service provider established with the approval of China Insurance Regulatory Commission (CIRC). Headquartered in Beijing, the company engages in sales and service of both life and general insurance products, as well as other financial products. Its service network covers over 20 Chinese provinces. All of its existing insurance agents will be using Kuaibao to sell insurance products, provide services to customers, and do internal sharing and study. 

eBaoTech was founded in year 2000 with a mission to “make insurance easy”. eBaoTech offers two groups of solutions: eBao Cloud and eBao Software. eBao Cloud provides nearly real time capability of technology adoption for insurance industry.

“With the advent of ‘Internet +’, the API economy will lead to a technology revolution in the insurance industry, with profound implications for business models among insurance companies. We’re very pleased to engage in long-term, in-depth cooperation with eBaoTech, a company that has always been at the forefront of insurance technology innovation. eBaoTech possesses extensive professional experience in the insurance business, as well as highly flexible product configuration capabilities, enabling it to support complex products and operations. Through the upgrade, Kuaibao’s front-end UI, back-end product management, and channel integration capacity have been significantly improved, giving Datong powerful mobile business development and service capabilities. In addition, the truly exceptional expertise and professionalism demonstrated by eBaoTech’s consulting and delivery teams were important factors contributing to the launch of the project on schedule. We look forward to collaborating with eBaoTech to introduce more cutting-edge innovations in the industry in the future,” Zhang Hongkun, Assistant President at Datong commented on the launch of Kuaibao. 

“As a visionary innovator in the industry, Datong developed the ‘agent entrepreneurship + company platform’ sales and management model,” added eBaoTech’s CEO Dr. Woody Mo, “eBaoTech is deeply honored to be able to partner with Datong and provide key technical support and consulting services to implement this model and its O2O (online to offline) strategy. eBao Cloud is designed as a powerful and flexible open-technology engine to help insurance ecosystem stakeholders like insurance companies, intermediaries, brokers and insurance technology startups expand business and make innovations. eBao Cloud can be adopted on SaaS, PaaS and other models. This perfectly matches the concept behind the management and sales model implemented by Datong. eBaoTech is keen to accelerate technology adoption for insurance industry during their transformation in digital age. We wish to ‘make insurance easy’ amid insurance industry’s value chain restructuring sparked off by the Internet efficiency revolution.”

About Datong
Founded on August 1, 2008 and headquartered in Beijing, Datong is a professional third-party financial and insurance service provider.

Datong’s subsidiaries include Datong Insurance Sales Service Co., Ltd. and Beijing Datong Insurance Brokers Co., Ltd. The former is recognized as China’s first professional national insurance sales service provider established with the approval of China Insurance Regulatory Commission (CIRC). Its service network currently covers more than 20 Chinese provinces and municipalities directly under the central government. With a strong sense of mission and social responsibility, Datong is committed to developing the best service platform for Chinese financial and insurance practitioners, enhancing overall customer service efficiency among financial and insurance professionals through online and offline services. Services available on the platform include sales, professional training, transaction, operation, technical support, process design, and financial settlement. Company website: http://www.dtinsure.com/.

About eBaoTech
eBaoTech was founded in year 2000 with a mission to “make insurance easy”. Today, with business in more than 30 countries globally, serving over a hundred carriers and numerous agents, brokers, and other ecosystem players, eBaoTech has become a global leader in insurance technology.  

eBaoTech offers two groups of solutions: eBao Cloud and eBao Software. eBao Cloud provides nearly real time capability of technology adoption for insurance industry. While eBao Software offers more traditional on premise implementation of software products for insurers and large brokers/agencies to optimize operation and support business growth. eBaoTech’s hallmark is “Rapid Customer Success” (RCS), with a strong focus on delivering business value to its customers fast. Digital insurance is the central theme in the coming years and eBaoTech is well positioned to be a partner and enabler for insurance industry to accelerate technology adoption and move to digital age fast. For more information, please visit www.ebaotech.com.