Chung Kuo Insurance Partners with eBaoTech to Create New Core System

PR Newswire

Chung Kuo on path to next-generation policy management platform milestone

SHANGHAI and TAIPEI, June 20, 2014 /PRNewswire/ -- eBaoTech( http://www.ebaotech.com ), the leading global software provider for the life insurance as well as the property and casualty insurance industries, today announced that Taiwan-based Chung Kuo Insurance( http://www.cki.com.tw ) has selected eBaoTech(R) GeneralSystem Suite( http://www.ebaotech.com/products-and-services/general-insurance-solutions/ebaotech-generalsystem-suite ) as the basis for the creation of a new policy management platform. The insurer will work in tandem with eBaoTech and the project's implementation partner Chunghwa Telecom to bring the project to fruition. By deploying eBaoTech(R) GeneralSystem Suite, Chung Kuo Insurance will be able to accelerate decision-making, integrate business systems and offer more flexibility in operations, helping the company achieve a next-generation core information system milestone.

(Logo: http://photos.prnasia.com/prnh/20140520/0861403412 )

By deploying eBaoTech(R) GeneralSystem Suite, decision makers can not only be quickly brought up to date at any time about the company's status of operations and respond to market changes through multi-dimensional business analysis reports, but also build an integrated property and casualty insurance platform through all-in-one business data system integration, which, in turn, will increase efficiency and reduce operating costs and risks.

Thanks to GeneralSystem's customer-centric and easy-to-use design, users can flexibly adjust operating processes and product definitions quickly in response to market demand.

Commenting on the significance of the core system upgrade, Chung Kuo Insurance general manager Chen Rui said, "With efficiency, speed, quality and expression of the deep gratitude that we feel for our customers as the four key objectives, the system upgrade will take an information-based approach to enhancing Chung Kuo Insurance's core competitiveness."

Woody Mo, CEO and President of eBaoTech added, "We feel very honored to have been selected as the software partner of Chung Kuo Insurance and to be able to use a software product-oriented approach to provide insurance companies with high-value, reliable and flexible cost-efficient information system services." Combining software provider eBaoTech's end-to-end GeneralSystem Suite software and implementation partner Chunghwa Telecom's rich experience in large information system implementation, this project will build an exclusive and comprehensive proprietary core system for Chung Kuo Insurance, helping the insurance company reach the next-generation core system milestone. About Chung Kuo Insurance: A subsidiary of Taiwan Mega Holdings, Chung Kuo Insurance provides customers with full financial insurance services by combining corresponding resources at Mega Financial Group and leveraging the synergy to bring about better operational results. http://www.cki.com.tw. About eBaoTech:

With more than 100 installations in 32 countries at life and property & casualty carriers from AIG to Zhong An, eBaoTech leads the industry in global deployments, enabling "switch on" approaches that speed time-to-market from years to months and empowers business transformation through rapid replacement of legacy systems. Headquartered in Shanghai, eBaoTech has 1,000 employees and a worldwide partner network.www.ebaotech.com.

Fiona Zhang

+86-21-6140-7777

fiona.zhang@ebaotech.com

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