SINGAPORE, Sept. 6, 2022 /PRNewswire/ — eBaoTech Corporation (eBaoTech), a worldwide digital resolution supplier for the insurance trade, is happy to share that Ageas Group (Ageas) has chosen eBaoTech’s InsureMO® platform for its digital transformation as a part of the Group’s Impact24 technique to discover and spend money on new development engines, including new capabilities that complement Ageas’ strengths and maintain the corporate future-proof. Ageas Group will leverage InsureMO, an insurance PaaS platform to allow its development through B2B2C channels, whereas bettering its programs and operational agility, growing its ecosystem connectivity, and bringing its know-how capabilities to the following degree.
Hans De Cuyper, CEO, Ageas Group commented, “New roads to connect with customers are being developed, with a demand for new types of products and covers. And while we will continue to invest in the development of our current businesses, we have taken the view that we want to participate in this cross market and cross sector development, meaning that we look to invest in new partnerships that allow us to leverage the strengths of Digital platforms and Ecosystems. As a global technology enabler for embedded insurance ecosystem, InsureMO is the right fit for us to acquire the technology capabilities. It allows us to significantly improve our product and system agility, leading to a faster time-to-market – key capabilities that digital platforms look for when selecting their partners.”
Gilke Eeckhoudt, Chief Development and Sustainability Officer, Ageas Group added, “Ageas has a track record of reaping the benefit of partnerships around the world. It is part of our DNA and this puts us in a strong position to engage with new types of alliances who provide new capabilities and scale access to new pools of customers and growth. This capability partnership with eBaoTech brings us the agility, scalability, and cloud-based architecture in one technology platform. We were in search of a solution with a global footprint capable of supporting our digital initiatives both in Europe and Asia with assets and products that would be reusable across borders. InsureMO is a PaaS platform with proven user cases in the industry, including within our own operating companies. We will leverage InsureMO to enable connectivity and API capability for both front-end applications and back-end PAS.”
“Insurance will be more embedded in other businesses. InsureMO acts as an API and microservice-based middle office layer on top of insurers’ existing core systems, enabling the launch of new products and minimum viable products and the integration with new channels and value chain partners at very low operational and innovation iteration costs,” added by Woody Mo, CEO and Founder of eBaoTech, “eBaoTech has been technology partner for several operating entities of Ageas for over 10 years. We are proud and committed to supporting Ageas’s digital strategies in the new age.”
InsureMO® (for “Insurance Middle Office”) is designed to speed up insurance innovation, enhance connectivity amongst stakeholders, and deal with the huge quantity, variation, and velocity of insurance business within the “Digital Age.” As a platform-as-a-service (PaaS) utilized by a whole lot of insurers in almost 40 international locations and powers $billions GWP per 12 months, InsureMO acts as middleware for the insurance trade, liberating insurers from legacy constraints, and unlocking their capacity to innovate and join to stakeholders. InsureMO has a full set of insurance APIs and microservices for basic (P&C), life, and well being insurance companies protecting your entire coverage lifecycle. InsureMO helps Open API collaboration, is predicated on containerization applied sciences and permits third events to develop purposes. Explore the PaaS platform at InsureMO.com.
About Ageas
Ageas is a listed worldwide insurance Group with a heritage spanning nearly 200 years. It provides Retail and Business prospects Life and Non-Life insurance merchandise designed to swimsuit their particular wants, as we speak and tomorrow. As considered one of Europe’s bigger insurance firms, Ageas concentrates its actions in Europe and Asia, which collectively make up the most important a part of the worldwide insurance market. It operates profitable insurance companies in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines via a mix of wholly owned subsidiaries and long-term partnerships with sturdy monetary establishments and key distributors. Ageas ranks among the many market leaders within the international locations wherein it operates. It represents a employees pressure of about 40,000 individuals and reported annual inflows shut to EUR 40 billion in 2021 (all figures at 100%).
About eBaoTech
eBaoTech is a worldwide main know-how supplier for the worldwide insurance trade. Our mission from beginning within the 12 months 2000 has been and stays to be “make insurance easy”. Through arduous work and full dedication to buyer success, eBaoTech has constructed a robust shopper base in almost 40 international locations/markets, protecting basic (P&C), life, and well being insurances. Furthermore, eBaoTech’s intense and protracted concentrate on addressing the basic pain-points of insurance applied sciences via deep-tech innovation has yielded vital differentiation within the world market. For extra data, please go to the corporate web site at www.eBaoTech.com and the PaaS enablement web site at www.InsureMO.com
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