Founded in 2000, eBaoTech (eBao) is an innovative digital insurance facilitator with a presence in over 40 countries and regions across the globe. Adhering to its mission to “make insurance easy”, eBao has led the development of Java-based 3G insurance technology and has grown rapidly. Today, with a business network spanning more than 30 countries, eBao serves over 200 insurance companies and numerous agents, brokers, and other players in the ecosystem.
eBao Software and eBao Cloud are eBao’s two exclusive solutions.
eBao Software is a driving force in digital insurance, providing core system suites to facilitate a wide range of insurance businesses, including life insurance, property insurance, maternity insurance, health insurance and reinsurance. Currently, its main users are PICC Life Insurance, Chubb Limited, AXA Group, Prudential plc, and many insurance companies in Switzerland, India, and Malaysia. eBao Software enjoys a high market share in the Asia Pacific region. In May 2016, under the witness of Han Zheng, then Party Secretary of Shanghai, and Devendra Fadnavis, Chief Minister of the Indian state of Maharashtra, eBao and the State Bank of India General Insurance Company (SBIG) signed a memorandum for cooperation. In 2017, eBao Software won several awards from internationally recognized industrial organizations.
eBao Cloud, offering a family of products built upon 4G insurance technologies (cloud native and based on microservices architecture), is an enablement and connectivity platform for insurance carriers, traditional channels, new affinity partners, and FinTech companies. It enables real-time product launch to channels, and supports the sales and fulfillment of insurance policies, services and endorsement, claim management, payment, and other processes. PaaS (API) and SaaS (APP) are two major products of eBao Cloud, currently linking over 40 insurance companies domiciled in China, making up about 24% of the company’s clientele. Moreover, eBao Cloud connects more than 100 channels and partners, both traditional and digital. In 2017, eBao Cloud became a major player in the digital ecosystem of China’s insurance industry, and began its business excursions into Thailand, Singapore, France, Indonesia, Sri Lanka, Cyprus, Saudi Arabia and other countries.
With the approval and establishment of the “MNC R&D Center”, and cooperation with Wataniya Insurance in Saudi Arabia, eBao will continue to lead the revolution of 4G insurance technology and pioneer the global digital insurance industry, never losing sight of its vision to “Strive for Global Presence through Shanghai-based Innovation”.