US-based AmFed National Insurance has selected eBaoTech Collaborus via Cloud platform for policy administration processing.
The platform will be used for AmFed’s homeowners, dwelling and workers compensation (voluntary and assigned) products.
Through eBao Cloud and Amazon Web Services, the insurance firm expects to enhance overall operational efficiency, including faster product launches, shorter customer response time and lower operating costs.
Homeowners will be the first product to go into production under the platform in this summer.
In addition, the companies will also be exploring fast prototyping of AmFed products in other US states via digital.
AmFed National Insurance executive vice president and COO Greg McLemore said: "Transitioning from proprietary and purchased applications to a single policy system with Collaborus makes us look and feel like a much larger company.
"The flexible system will enhance our speed to market and allow us to take advantage of future market opportunities."
eBaoTech CEO Woody Mo said: "AmFed’s forward-thinking strategy of adopting a digital ecosystem to enable fast product development and speed-to-market mirrors a growing interest we see globally in our cloud offering and similar relationships with other insurance carriers."
AmFed’s managing general agency offers specialty, excess, and surplus lines coverages for personal and commercial insureds. It also provides third party administration services for self-insured groups and individual self-insureds.
eBaoTech provides insurance software solutions for property and casualty and life insurers.
Image: AmFed National Insurance will deploy eBaoTech’s Collaborus platform for policy administration processing. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.