JERSEY CITY, NJ - This is a news release from eBaoTech
AmFed National Insurance Company based in Ridgeland, Mississippi has selected eBaoTech Collaborus via Cloud Platform for policy administration processing for its Homeowners, Dwelling, and Workers Compensation (Voluntary and Assigned) products. AmFed selected Collaborus to improve business processing capabilities and customer service, while reducing operating expense. Via eBao Cloud™ and Amazon Web Services, AmFed will be able to improve overall operational efficiency, including faster product launches, shorter customer response time and lower operating costs. The first product to go into production will be Homeowners in the summer 2016. AmFed and eBaoTech will also be exploring "fast prototyping" of AmFed products in other US states via digital, as AmFed seeks to disrupt traditional insurance product design and distribution methods.
Greg McLemore, Executive Vice President and Chief Operating Officer, AmFed National Insurance Company, said, "Collaborus has enabled us to step into a state of the art product at an incredible speed. 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."