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Taiping Life Hong Kong is Operational with eBaoTech LifeSystem Suite, Launches their Business in Hong Kong

3-month policy administration system implementation to enable rapid customer success
2016-05-26 13:30 2433

HONG KONG and SHANGHAI, May 26, 2016 /PRNewswire/ -- eBaoTech, the leading global software provider for the life and the property & casualty insurance industries announced today that China Taiping Life Insurance (Hong Kong) Company Limited (TPLHK) is operational on eBaoTech® LifeSystem Suite and eBaoTech® SalesPlatform for Life, marking their business expansion to the Hong Kong market.

TPLHK is a wholly-owned subsidiary of China Taiping Insurance Holdings Company Limited. Its mission is to enhance China Taiping's "One-Stop Comprehensive Insurance Services Platform" and achieve the strategic integrated servicing target of "One Customer, One Taiping." It also strives to excellence and to become "the most characteristic and potential life insurance company" outside mainland China. eBaoTech LifeSystem Suite was selected in August 2015 to be TPLHK's policy administration system to support their launch in Hong Kong, and then successfully completed a three-month trial operation. TPLHK passed the regulation inspection from the Hong Kong Office of the Commissioner of Insurance in November and launched their Hong Kong business in December.

TPLHK commented, "After serious evaluation, we decided to choose eBaoTech as our core system provider to support our Hong Kong business. We have strong confidence in eBaoTech to successfully implement LifeSystem Suite for TPLHK, enable our fast business development, and provide high quality and professional services to Hong Kong customers in this highly demanding and competitive market."

Woody Mo, president and CEO of eBaoTech added, "We are honored to have the opportunity to support China Taiping Life in opening their life Insurance business in Hong Kong. With the hallmark of 'Rapid Customer Success' (RCS), eBaoTech is committed to helping our clients win a competitive edge in the digital age with our innovative solutions, strong products, local market domain and professional services."

eBaoTech® LifeSystem Suite is eBaoTech's end-to-end software solution for life insurance carriers. eBaoTech® SalesPlatform for Life is designed to address multi-distribution needs, providing a modern platform to support rapid business growth. The standards-based system enables insurers to improve operational efficiency, respond faster to market changes, integrate the business operations of multiple channels, shorten customer response time and improve customer satisfaction in the ever changing and highly demanding digital age.

About China Taiping Life Insurance (Hong Kong) Company Limited

China Taiping Life Insurance (Hong Kong) Company Limited (TPLHK) is a wholly-owned life insurance subsidiary of China Taiping Insurance Holdings Company Limited and is responsible for the company's life insurance business in Hong Kong. TPLHK has established a strong foothold in Hong Kong and services the market with the management philosophy, "Build with integrity; Prosper with profitability; Manage with Profession; Strengthen with unities." They provide high-quality professional service to customers levaraging China Taiping's excellent resources.

About eBaoTech

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 the internet. eBaoTech offers world leading insurance software solutions for both life and general insurers. 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 the insurance industry to move to the digital age. For more information, please visit www.ebaotech.com.

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Source: eBaoTech
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