Datong and eBaoTech have launched their jointly developed and upgraded app, dubbed Kuaibao.
With the latest upgrade, Kuaibao now serves as a comprehensive service platform selling all mainstream insurance products and providing actuarial calculations, benefit demonstrations, and information exchanges and sharing.
Thanks to eBao Cloud's strong technical capabilities and flexibility, the app was developed and upgraded in just 1.5 months, setting a new benchmark for similar projects in terms of development speed and depth.
So far, more than 200 life insurance products from roughly 20 insurance companies have been featured on this online sales application.
Datong is China's first nationwide professional insurance sales and service provider established with the approval of China Insurance Regulatory Commission (CIRC).
Headquartered in Beijing, the company engages in sales and service of both life and general insurance products, as well as other financial products. Its service network covers over 20 Chinese provinces.
All of its existing insurance agents will be using Kuaibao to sell insurance products, provide services to customers, and do internal sharing and study.
eBaoTech was founded in year 2000 with a mission to "make insurance easy". eBaoTech offers two groups of solutions: eBao Cloud and eBao Software.
eBao Cloud provides nearly real time capability of technology adoption for insurance industry.
Datong assistant president Zhang Hongkun said: "With the advent of 'Internet +', the API economy will lead to a technology revolution in the insurance industry, with profound implications for business models among insurance companies. We're very pleased to engage in long-term, in-depth cooperation with eBaoTech, a company that has always been at the forefront of insurance technology innovation.
“eBaoTech possesses extensive professional experience in the insurance business, as well as highly flexible product configuration capabilities, enabling it to support complex products and operations. Through the upgrade, Kuaibao's front-end UI, back-end product management, and channel integration capacity have been significantly improved, giving Datong powerful mobile business development and service capabilities.
“In addition, the truly exceptional expertise and professionalism demonstrated by eBaoTech's consulting and delivery teams were important factors contributing to the launch of the project on schedule. We look forward to collaborating with eBaoTech to introduce more cutting-edge innovations in the industry in the future.”
eBaoTech's CEO Dr. Woody Mo said: “As a visionary innovator in the industry, Datong developed the 'agent entrepreneurship + company platform' sales and management model.
"eBaoTech is deeply honored to be able to partner with Datong and provide key technical support and consulting services to implement this model and its O2O (online to offline) strategy. eBao Cloud is designed as a powerful and flexible open-technology engine to help insurance ecosystem stakeholders like insurance companies, intermediaries, brokers and insurance technology startups expand business and make innovations.
“eBao Cloud can be adopted on SaaS, PaaS and other models. This perfectly matches the concept behind the management and sales model implemented by Datong. eBaoTech is keen to accelerate technology adoption for insurance industry during their transformation in digital age.
"We wish to 'make insurance easy' amid insurance industry's value chain restructuring sparked off by the Internet efficiency revolution."