eBaoTech Corporation, a global digital solution provider for the insurance industry, is pleased to share that Ageas Group (Ageas) has selected eBaoTech’s InsureMO platform for its digital transformation as part of the Group’s Impact24 strategy to explore and invest in new growth engines, adding new capabilities that complement Ageas’ strengths and keep the company future-proof. Ageas Group will leverage InsureMO, an insurance PaaS platform to enable its growth via B2B2C channels, while improving its systems and operational agility, increasing its ecosystem connectivity, and bringing its technology capabilities to the next level.
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Hans De Cuyper, CEO, Ageas Group commented, “New roads to connect with customers are being developed, with a demand for new types of products and covers. And while we will continue to invest in the development of our current businesses, we have taken the view that we want to participate in this cross market and cross sector development, meaning that we look to invest in new partnerships that allow us to leverage the strengths of Digital platforms and Ecosystems. As a global technology enabler for embedded insurance ecosystem, InsureMO is the right fit for us to acquire the technology capabilities. It allows us to significantly improve our product and system agility, leading to a faster time-to-market – key capabilities that digital platforms look for when selecting their partners.”
Gilke Eeckhoudt, Chief Development and Sustainability Officer, Ageas Group added, “Ageas has a track record of reaping the benefit of partnerships around the world. It is part of our DNA and this puts us in a strong position to engage with new types of alliances who provide new capabilities and scale access to new pools of customers and growth. This capability partnership with eBaoTech brings us the agility, scalability, and cloud-based architecture in one technology platform. We were in search of a solution with a global footprint capable of supporting our digital initiatives both in Europe and Asia with assets and products that would be reusable across borders. InsureMO is a PaaS platform with proven user cases in the industry, including within our own operating companies. We will leverage InsureMO to enable connectivity and API capability for both front-end applications and back-end PAS.”