Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, May 08 2019 - 11:00
AsiaNet
Driving Innovation in Digital Insurance, Aegon Life on-boards eBaoTech
SHANGHAI, May 8, 2019 /PRNewswire-AsiaNet/ --

Aegon Life Insurance(https://www.aegonlife.com/), one of India's leading 
Digital Insurance Companies, has partnered with digital insurance solutions 
provider eBaoTech(https://www.ebaotech.com/)to support the strategy of 
integration with the eCommerce partners. Backed by eBaoTech's middle-office 
platform, eBaoCloud(R) 
InsureMO(R)(https://www.ebaotech.com/ebao-cloud/open_api_platform), Aegon 
Life's digital platform has been termed as Headless Manufacturer.

With their Digital-first approach, Aegon Life aimed at facilitating ease of 
buying and providing a superior experience to their customers. The partnership 
with eBaoCloud(R)InsureMO(R) will empower Aegon Life to build a cloud-based, 
microservices and event-driven architecture that provisions a scalable 
back-bone for high-volume and high-velocity eCommerce channels.

eBaoCloud(R)InsureMO(R)is a middle office platform for insurance industry. It 
is an open API platform of fast innovation and deep connectivity, digitally 
enabling all parties ranging from insurance carriers, brokers, agents, MGA, 
affinity channels, to InsurTech startups. InsureMO(R)allows traditional core 
systems of insurance organizations to extend and connect to every digital and 
conventional channel by offering a full set of insurance microservices across 
all general, life, group and health products and processes. 

Speaking on this association, Douglas Kennedy, Chief Technology Officer, Aegon 
Life Insurance, said, "We are delighted to be included in the first wave of 
partnerships for eBaoCloud(R)InsureMO(R)in India. This association will help us 
continue to be the differentiators in the industry and achieve greater speed to 
market and speed to value. The first launch of our group platform with a 
eCommerce player was achieved within six weeks of signing our partnership with 
eBaoTech demonstrating by having the right teams, right architecture, right 
vision you can run at great speed."

He further added, "From a customer's perspective we will seamlessly be able to 
offer a wide range of products and service to them regardless of which channel 
they come from. This will allow Aegon Life Insurance to support volume business 
from a wide range of diverse sources all running in real time and giving a 
seamless experience."

Woody Mo, CEO of eBaoTech said, "We are very honored to have Aegon Life as the 
first live tenant of InsureMO in India. eBaoTech with its continued focus on 
'make insurance easy' now provides eBaoCloud(R)InsureMO(R), a truly 
microservices-based API platform, for rapid digitization in the insurance 
sector. It is targeted as insurance middleware as well as connectivity hub to 
provide a one stop platform of real time innovation by insurers, channels, new 
digital affinities, and InsurTech companies and other technology vendors. We 
look forward to working with Aegon Life to provide more innovative products and 
advanced digital insurance experience to the policy holders in the fast growing 
India market."

About Aegon Life Insurance Company

AEGON Life, one of the leading digital insurance companies in India, is a 
new-age digital service company and is amongst the first companies to launch 
Online Term Plan in India. Being the online protection specialists, AEGON Life 
has a company-employed service team that is fully geared to provide customers 
the highest levels of service. 

With a vision to be the most recommended new age Life Insurance Company, the 
company's Direct to Customer focus establishes a direct dialogue with the 
customers to make for greater clarity and transparency. 

For more information, please visit: https://www.aegonlife.com/   

About Aegon:

AEGON's history dates back for almost two centuries, however AEGON as we know 
it today was founded in 1983 following the merger of two Dutch insurance 
companies, AGO and Ennia. Today, AEGON is one of the top-10 largest insurance 
companies in the world. AEGON is one of the world's leading providers of life 
insurance, pensions and asset management headquartered in The Hague, 
Netherlands. Globally, AEGON has operations in over 20 countries and covers 
more than 29 Million Lives. 

About eBaoTech Corporation:

eBaoTech is a digital solution provider to the global insurance industry with a 
company mission to "make insurance easy". We have business in more than 30 
countries, serving over 200 carriers and numerous agents, brokers, InsurTech 
startups and others in the insurance ecosystem.  eBaoTech offers two groups of 
solutions: eBao Cloud as an insurance middle ware platform, and eBao Software 
for traditional insurance carriers' core systems. For more information, please 
visit www.ebaotech.com.

SOURCE  eBaoTech
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