NEW YORK – February 26, 2018 – Argo Pro, a member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), today announced a partnership with eBaoTech Corporation to streamline Argo Pro’s core insurance processes to better serve agents, brokers and clients. eBaoTech is a global leading digital-insurance-solutions provider, offering both traditional on premise software and microservices based cloud solutions. Argo Pro offers a broad portfolio of management liability products that can be accessed through a single professional lines platform.
“This partnership will help us improve business processes, as we actively pursue innovative ways to serve customers,” said Kevin Rehnberg, president of U.S. operations at Argo Group. “We are looking forward to using more cutting-edge eBaoTech capabilities to improve products and operational processes.”
Through this partnership, Argo Pro will use eBaoTech’s platform to integrate policy administration, claims handling, billing and sales-channel administration, while continuing to stay on the forefront of technology service. Argo will also incorporate a new generation of eBaoTech products that feature a wide variety of new capabilities, including a quick-rate tool and multi-quote options, which will enable Argo to respond faster and more effectively to brokers.
“eBaoTech has a strong, proven record in serving insurance carriers in more than 30 countries, and now has more than 100 tenants from the insurance industry and more than 1,000 insurance products on our microservices based eBaoCloud platform,” said Woody Mo, CEO at eBaoTech. “Getting to work with one of the foremost specialty insurance groups in the world is mutually beneficial. The partnership will only bring about more positive change in the future.”
The new eBaoTech technology integrates seamlessly with Argo’s internal core systems, such as data warehouse, document management and forms generation. Argo’s responsiveness to customer needs will improve greatly due to the enhanced configuration capabilities that enable the company to make changes quickly to products, rates, business rules and user-interfaces. This collaboration is a key step for both corporations in delivering value for clients and becoming worldwide leaders in their respective areas of specialization.
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ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group’s insurance subsidiaries are A. M. Best-rated ‘A’ (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo Group’s U.S. insurance subsidiaries are Standard and Poor’s-rated ‘A-‘ (Strong) with a stable outlook. More information on Argo Group and its subsidiaries is available at www.argolimited.com
ABOUT ARGO PRO
Argo Pro is a leading provider of professional lines insurance products and services that can accommodate medium-sized and large organizations on an admitted and non-admitted basis. Through a single operating platform, and a robust network of appointed wholesale and retail distribution partners, Argo Pro offers a broad, customizable portfolio of errors and omissions, and management liability insurance solutions. Argo Pro maintains offices in Chicago, New York, San Francisco, Scottsdale and Hamilton. For more information, visit www.argoprous.com.
ABOUT EBAOTECH CORPORATION
eBaoTech’s mission is to “make insurance easy.” Since its founding in 2000 and its pioneering of 3G insurance tech, or Java-based core insurance system, eBaoTech is leading globally again in moving to the 4G insurance technology, which is cloud native and microservices based. eBaoTech’s two lines of businesses are: eBaoCloud and eBao Software. eBaoCloud is an Open API platform that provides real connectivity and enablement for insurers, traditional channels, affinity partners and FinTech startups. eBao Software mainly includes core system suites for life, general and health insurers, as well re-insurers. Find more information at www.ebaotech.com.
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