SHANGHAI & TOKYO--(BUSINESS WIRE)--Aug 13, 2013--eBaoTech, a leading software provider for the life and property & casualty insurance industry, announced that "Smile Series", a new brand of insurance product developed by Asahi Mutual Life Insurance Company, is running on eBaoTechR LifeSystem Suite.
eBaoTechR LifeSystem Suite is a web-based, highly flexible policy administration system that supports complete lifecycle management of life insurance products. The standards-based system enables timely implementation at reasonable cost, and fully complies with Japanese business practices and regulations.
The project objective was to launch flexible life insurance products that meet the needs of Asahi Mutual Life's agency channel. Asahi Life selected eBaoTech LifeSystem Suite as the policy administration system for the agency channel, and chose NTT DATA as the system integrator. The new system successfully went live on July 16, 2013.
"We are very pleased that eBaoTech LifeSystem was selected by Asahi Life to help them achieve their strategic business objectives," noted Woody Mo, CEO and president of eBaoTech. "We hope our standards-based insurance products based on modern technology will continue to bring added value to Japanese insurers."
About Asahi Mutual Life Insurance Company Asahi Mutual Life Insurance Company is the second oldest life insurance company in Japan, and was established on March 01, 1888 as Teikoku Life. Asahi Mutual Life celebrated its 125th anniversary in 2013 thanks to long-time support from its customers.
Asahi Life has a management philosophy of "Service with Sincerity", striving for continuous improvement in customer service at all times. Social Responsibility is considered one of the three major responsibilities of company management, and Asahi Life is proactively engaged in social contribution activities while running its life insurance business. Asahi Life is dedicated to meeting the various needs from customers of all generations, with the aim "to be chosen by each and every customer as the most reliable life insurer."
About NTT DATA Corporation NTT DATA Corporation is a leading company in the IT services industry providing clients with cutting edge technologies and services, such as the development of large-scale social infrastructure and information systems for the Finance and Public Sector industries and development of information systems that support the management strategy of our clients.
NTT DATA is aiming to become one of the Global Top 5 IT Vendors, and currently employs approximately 61,000 people in 35 countries and regions around the world. By providing reliable, high-quality IT services around the world as "One NTT DATA", we are able to support our clients in increasing their business competitiveness through the power of IT as they continue to globalize. NTT DATA is dedicated to the development of new strategies and values in information technology to contribute to create a more prosperous and harmonious society. www.nttdata.com/global/en/
About eBaoTech eBaoTech delivers standards-based, configurable software solutions to both property and casualty (P&C) and life insurers. Its product offerings enable insurers to realize cost-effective, scalable, flexible and highly automated insurance operations in an ever-changing environment. With offices in eleven countries across Europe, Asia Pacific and the Americas, and installations in almost 30 countries, eBaoTech has extensive global presence to serve leading insurance companies. For more information, visit www.ebaotech.com
Fiona Zhang, +86 (21) 6140 7777 x3003
KEYWORD: ASIA PACIFIC CHINA THAILAND JAPAN
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE PROFESSIONAL SERVICES INSURANCE
Copyright Business Wire 2013
PUB: 08/13/2013 09:30 AM/DISC: 08/13/2013 09:30 AM