eBaoTech Selected by AmFed for Policy Administration
JERSEY CITY, N.J. and SHANGHAI, June 11, 2016 — eBaoTech, the leading global software provider for the life and the property & casualty insurance industries announced today that AmFed National Insurance Company based in Ridgeland, Mississippi has selected eBaoTech Collaborus via Cloud Platform for policy administration processing for its Homeowners, Dwelling, and Workers Compensation (Voluntary and Assigned) products. AmFed selected Collaborus to improve business processing capabilities and customer service, while reducing operating expense. Via eBao Cloud™ and Amazon Web Services, AmFed will be able to improve overall operational efficiency, including faster product launches, shorter customer response time and lower operating costs. The first product to go into production will be Homeowners in the summer 2016. AmFed and eBaoTech will also be exploring “fast prototyping” of AmFed products in other US states via digital, as AmFed seeks to disrupt traditional insurance product design and distribution methods.
Greg McLemore, Executive Vice President and Chief Operating Officer, AmFed National Insurance Company, said, “Collaborus has enabled us to step into a state of the art product at an incredible speed. Transitioning from proprietary and purchased applications to a single policy system with Collaborus makes us look and feel like a much larger company. The flexible system will enhance our speed to market and allow us to take advantage of future market opportunities.”
“We are honored that AmFed National Insurance Company is entering into this long-term and strategic partnership with eBaoTech. AmFed’s forward-thinking strategy of adopting a digital ecosystem to enable fast product development and speed-to-market mirrors a growing interest we see globally in our cloud offering and similar relationships with other insurance carriers,” said Woody Mo, CEO of eBaoTech. “eBaoTech looks forward to assisting AmFed in achieving the maximum effect and promise of eBao Cloud™ in short order.”
AmFed is a leading provider of insurance solutions and has been providing Workers’ compensation coverages since 1993. As a regional, fully-insured insurance company AmFed provides solutions such as Workers’ Compensation insurance in addition to third party administration services for self-insured groups and individual self-insureds. Our managing general agency provides specialty, excess, and surplus lines coverages for personal and commercial insureds. For more information, visit www.amfed.com.
eBaoTech’s mission is to “make insurance easy”. With more than 150 installations in more than 30 countries, eBaoTech is one of the global leaders in insurance technology. From its inception in 2000, eBaoTech has been an innovation leader at the intersection of insurance and internet. eBaoTech offers world leading insurance software solutions for both life and general insurances. 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 global leading partner for insurance industry to move to the digital age. For more information, please visit www1.ebaotech.com.
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