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Willis Towers Watson and eBaoTech collaboration to transform insurance middle office solutions capability

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    • InsurTech
    • Launches/New Products
    • Rates

Willis Towers Watson and eBaoTech, have announced they will team up to provide a robust, one-stop insurance middle office platform to accelerate digitalization across the sector.

The InsureMO platform is used successfully by insurers, brokers, agents and affinity channels, and our combined solution will ensure their rating requirements will continue to be fulfilled as markets become increasingly competitive and in need of agile and sophisticated pricing strategies.”

Andrew Harley
Director, Insurance Consulting and Technology, Willis Towers Watson

Willis Towers Watson and eBaoTech, have announced they will team up to provide a robust, one-stop insurance middle office platform to accelerate digitalization across the sector.

The collaboration will see Willis Towers Watson’s rating engine, Radar Live, integrated with eBaoTech’s middle office platform, InsureMO, which is designed for open API collaboration. The bundled solution will greatly enhance the capability of insurers, brokers, agents, managing general agents (MGAs) and InsurTech start-ups to handle the overwhelming volume, variation and speed demands of today’s digital insurance marketplace. Based on cloud-native architecture, the middleware platform contains a full set of insurance micro-services across all general, life, group and health products and processes such as quotation, underwriting, endorsement, cancellation and renewal.

Willis Towers Watson’s Radar Live supports a wide range of outputs to be deployed in real time at the point of quote for pricing and underwriting. The price delivery platform has been designed to offer better pricing flexibility and responsiveness to market developments. It also creates material operational efficiencies and reduces the risk of costly rate implementation errors.

eBaoCloud InsureMO is an insurance platform-as-a-service (PaaS) to accelerate fast innovations and deep connectivity for insurers, brokers, agents, MGAs, affinity channels, and InsurTech start-ups. InsureMO® enables traditional core systems in insurance organizations to extend and connect to every digital and conventional channel by offering a full set of insurance micro-services across all general, life, group and health products and processes. It also enables InsurTech start-ups to acquire the business domain and capability to launch insurance business in short time.

“We are delighted that eBaoTech has joined our global Radar Live collaboration program. The InsureMO® platform is used successfully by insurers, brokers, agents and affinity channels, and our combined solution will ensure their rating requirements will continue to be fulfilled as markets become increasingly competitive and in need of agile and sophisticated pricing strategies,” said Andrew Harley, director, Insurance Consulting and Technology, Willis Towers Watson.

“We are very honored to collaborate with Willis Towers Watson in the digital insurance space. Radar Live is a world-class, real-time algorithmic rating engine, while InsureMO has become a proven insurance PaaS adopted in nearly 10 countries with 1,200 insurance products from over 120 insurers,” added Dr. Woody Mo, CEO, eBaoTech. “Working with Willis Towers Watson will certainly make our packaged solution a better enablement platform to accelerate innovation, connectivity and digitalization.”