SHANGHAI, Dec. 7, 2016 /PRNewswire/ -- eBaoTech, a leading digital solutions provider for the global insurance industry announced today that its client, AXA Tianping, received Gartner's Asia Pacific Most Innovative Digital Business Model Award by its Internet Insurance Initiative enabling the sales of personalized insurance products, backed by eBaoCloud.
The 2016 Gartner Financial Services Eye on Innovation Awards were announced at Gartner Symposium/ITxpo 2016, October 24-27, Australia. The awards recognize innovative use of technology-enabled capabilities to highlight "best-in-class" financial industry initiatives launched within the past 12 months and to offer insight as to developments in digital innovation.
AXA Tianping (AXATP) with full name of "AXA Tianping Property & Casualty Insurance Company Limited", currently is the largest foreign-capital property and casualty insurance company in China market. AXATP is determined to become an industry leader in China domestic e-insurance field.
As the insurance industry adapts in the digital age and China's insurance regulator is liberalizing the pricing model to allow insurers to provide more innovative auto insurance, AXATP was looking for a solution and partner to increase market share by leveraging digital technology in an open digital ecosystem. The underlying solution is eBaoCloud, a revolutionary engine to enable the insurance industry to go digital full steam. On eBaoCloud, AXATP now is able to launch auto insurance products with scenario and customer based service, and create more cross-selling.
eBaoCloud offers all eBao Micro Services on a common platform and enables deep connectivity for typical ecosystem participants, including insurance carriers, brokers, agents, FinTech start-ups, etc. eBaoCloud can be adopted on SaaS, PaaS and other models. Since its launch in June 2015, more than 300 products by over 40 insurance carriers have been launched on eBaoCloud, from general insurance, life insurance to health insurance.
"It was our pleasure to work with eBaoTech's team in the past 12 months. A team with full dedication and lots of creative ideas. The proposal submitted for the Gartner Financial Services Eye on Innovation Awards was only one out those many great ideas. Congratulation to the team. You deserve the Award." AXA Tianping CIO Philip Yu gave high praise for the project.
"AXA Tianping is one of our first tenants on eBaoCloud. We are very excited that our joint innovations with client was recognized by global top IT research and consulting organization," added Woody Mo, CEO and President of eBaoTech Corporation. "We look forward to exploring and creating more innovative models with AXATP and providing continuous support and value to our client."
AXA Tianping is established by merger and acquisition between Tian Ping Auto Insurance Company Limited, originally the first auto-insurance-specialized company in China, and the wholly-owned subsidiary of the largest global insurance group AXA in China. It currently is the largest foreign-capital property and casualty insurance company in China market. The company offers a variety of insurance products, mainly including motor vehicle traffic accident liability compulsory insurance, commercial motor vehicle insurance, SME general insurance, home insurance, cargo insurance, liability insurance, short-term accident insurance, health insurance, etc.
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.