Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
eBaoTech reported that Taiwan-based Chung Kuo Insurance has implemented eBaoTech GeneralSystem Suite as the basis for the creation of a new policy management platform.
According to a company release, the insurer will work in tandem with eBaoTech and the project's implementation partner Chunghwa Telecom to bring the project to fruition. By deploying eBaoTech GeneralSystem Suite, Chung Kuo Insurance will be able to accelerate decision-making, integrate business systems and offer more flexibility in operations, helping the company achieve a next- generation core information system milestone.
By deploying eBaoTech GeneralSystem Suite, decision makers can not only be quickly brought up to date at any time about the company's status of operations and respond to market changes through multi-dimensional business analysis reports, but also build an integrated property and casualty insurance platform through all-in- one business data system integration, which, in turn, will increase efficiency and reduce operating costs and risks.
Commenting on the significance of the core system upgrade, Chung Kuo Insurance general manager Chen Rui said, "With efficiency, speed, quality and expression of the deep gratitude that we feel for our customers as the four key objectives, the system upgrade will take an information-based approach to enhancing Chung Kuo Insurance's core competitiveness."
Woody Mo, CEO and President of eBaoTech added, "We feel very honored to have been selected as the software partner of Chung Kuo Insurance and to be able to use a software product-oriented approach to provide insurance companies with high-value, reliable and flexible cost-efficient information system services."
Chung Kuo Insurance provides financial insurance services.
eBaoTech is a company focused on global deployments.
((Comments on this story may be sent to email@example.com))