Willis Towers Watson and digital insurance provider eBaoTech have teamed up to provide a middle office platform to accelerate digitalisation 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 Application Programming Interfaces (APIs).
The bundled solution is aimed at improving the capability of insurers, brokers, agents and InsurTech startups 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 microservices across all general, life, group and health products and processes such as quotation, underwriting, endorsement, cancellation and renewal.
Andrew Harley, director at Willis Towers Watson, said: “We are delighted that eBaoTech has joined our global Radar Live collaboration programme.
“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.”
Woody Mo, chief executive of eBaoTech, added: “Working with Willis Towers Watson will certainly make our packaged solution a better enablement platform to accelerate innovation, connectivity and digitalisation.”
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