Transcript Presentation Title - Hewlett

eBaoTech
Innovative Solutions for Insurance
eBaoTech AssetLink
Overview
March 2008
Copyright © eBaoTech Corporation
eBaoTech
Innovative Solutions for Insurance
Outline

Company Introduction

eBaoTech Platform Overview

Specific Features of Wrapper Business

AssetLink Demo

Q&A
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
2
Customer Base – Growth at Impressive Pace
eBaoTech
Innovative Solutions for Insurance
50
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2002
2003
2004
Customer Base
eBaoTech AssetLink Overview
2005
New Installations
© 2008 eBaoTech Corporation
2006
2007
2008
Prospects
Confidential
3
Customer implementations in 18 Countries
France
Netherlands Switzerland
Germany
Poland
eBaoTech
Innovative Solutions for Insurance
Russia
ASIA
EMEA
(as of January, 2008)
Japan
China
Taiwan
Hong Kong
Vietnam
Thailand
Malaysia
EMEA
Singapore
eBaoTech AssetLink Overview
Indonesia
Morocco
Egypt
UAE
© 2008 eBaoTech Corporation
Confidential
4
eBaoTech
Innovative Solutions for Insurance
Regional Expansion across Europe
Strong internationalization of business with increasing attraction to multinational insurance companies
2005
2006
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2007
Feb 2008
1
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1
eBaoTech AssetLink Overview
2
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4
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© 2008 eBaoTech Corporation
1
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3
Confidential
5
Countries with eBaoTech Software Installations
or Ongoing Projects (1/2)
Country / Region
Number of Installations / Projects
eBaoTech
Innovative Solutions for Insurance
Client
China
18 (17 live)



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
Taiping Life
PICC Life
Zurich Insurance
Samsung Life
ACE
Singapore
3 (2 live)



NTUC Income (live)
Great Eastern Life
AXA (live)
Malaysia
4 (2 live)




Takaful Nasional (live)
Great Eastern Life
Prudential A&H (live)
Mayban Fortis
Switzerland
2 (2 live)


Swiss Life (live)
Zurich Insurance (live)
Japan
2 (1 live)


Credit Agricole (live)
Zurich Insurance
Vietnam
1 (1 live)

ACE Life (live)
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
6
Countries with eBaoTech Software Installations
or Ongoing Projects (2/2)
Country / Region
Number of Installations / Projects
eBaoTech
Innovative Solutions for Insurance
Client
Taiwan
1 (1 live)

ACE Life (live)
Thailand
2 (1 live)


ACE Life (live)
Prudential A&H (live)
Hongkong
1 (1 live)

Fortis Asia (former PCI)
Indonesia
1 (1 live)


Great Eastern Life (live)
Zurich Insurance (live)
Russia
1 (1 live)

Fortis Russia (live)
Poland
1 (1 live)

Fortis Poland (live)
Morocco
1

Zurich Insurance
Netherlands
2 (1 live)


Fortis Direct (live)
Fortis ASF
Middle East
2 (2 live)

ACE UAE, Egypt (live)
France
1

Fortis France
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
7
Zurich
eBaoTech
Innovative Solutions for Insurance
Netherlands
ASIA
EMEA
Global Presence with offices in Europe & Asia
Beijing
Tokyo
Shanghai
Mumbai
Kuala Lumpur
Singapore
* Netherland office being established
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
8
Global Headquarters in Shanghai
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
eBaoTech
Innovative Solutions for Insurance
Confidential
9
eBaoTech
Innovative Solutions for Insurance
Cost efficiency when implementing
eBaoTech Solutions
Business model with on-shore and off-shore components ensures
considerable cost and quality advantages for the client
eBao
Technology /
Business
System
Advantage to
the Customer
“Best Practice”
functional design
• Image-based
Majority of
development work
and administration
in Shanghai
All products are
100% J2EE, XML,
Web-based, SOA
straight- • Future-proof
through processing
• No decentralized
speeds up servicing
installation required,
and reduces cost
only web-browser
• Efficient product launch
needed
• Compactness allows
• Ease to outsource
fully customer-centric
processes to lowview and reduces
cost destinations
maintenance cost
• Proven scalability
• Platform
independence
reduces cost
• Abundance
of talent
• Booming domestic
insurance market
drives system
development
• Comparatively lower
cost basis
• Ability to offer successbased fees and fixed
price projects
Local expert team in
Europe
• Meets
urgent demand
for controlled
migration
of legacy systems in
the European market
• Reduces
implementation risk
for client
• Competent knowledge
of European „bestpractice“ Insurance
Architectures
Optimal support at attractive cost
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
10
eBaoTech
Innovative Solutions for Insurance
Outline

Company Introduction

eBaoTech Platform Overview

Specific Features of Wrapper Business

AssetLink Demo

Q&A
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
11
Introduction to next Generation Solution
catering for all Insurance Needs
eBaoTech
Innovative Solutions for Insurance
eBaoTech’s Product Suite supports all processes in force at leading insurance
companies worldwide
Life
System
Group
Life
Asset
Link
eBaoTech
Product Suite
Auto
Claim
eBaoTech AssetLink Overview
General
System
Agent
Office
© 2008 eBaoTech Corporation
Confidential
12
eBaoTech AssetLink – Solution for Wealth
Management
eBaoTech
Innovative Solutions for Insurance
Supports new generation of asset management products going beyond
Unit Link or Investment Link‚ called “insurance wrappers“ in some markets.
Products
Sales Channels
Insurance wrappers
Accessible directly over internet or intranet by
distributors, advisors, brokers and even clients if
required.
Functionalities
Supports new business with initial contributions,
additional contributions, all customer service items,
underwriting, claims, general Ledger, re-insurance,
custodian management
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
13
eBaoTech
Innovative Solutions for Insurance
eBaoTech GroupLife – Solution for Groups
Supports all mainstream group life products, sales channels, and whole life
cycle functionalities in an All-in-One manner
Products
Sales Channels
Traditional (with or without participating) whole life
and endowment, accident, medical, annuity and
others
Traditional agents, affinity group, broker, group
insurance sales team and others
Functionalities
Product definition, new business/quotation,
underwriting, customer/policy servicing, claims,
renewal, billing/collection/payments, general ledger,
re-insurance, sales channel management,
document/image management/workflow, reporting,
letters, printing and sales force automation
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
14
eBaoTech
Innovative Solutions for Insurance
eBaoTech LifeSystem – Solution for Life
Supports all mainstream life insurance products, sales channels and whole
life cycle functionalities in an All-in-One manner
Products
Sales Channels
Traditional whole life and endowment, term,
accident, medical, investment linked, universal life,
annuity, mortgage life and others
Traditional agent/agency, bancassurance,
telemarketing, worksite marketing, affinity group,
broker, group insurance sales team and others
Functionalities
Product definition, new business/quotation,
underwriting, customer/policy servicing, claims,
renewal, billing/collection/ payments, general ledger,
re-insurance, sales-channel management,
document/ image management/ workflow, reporting,
letters, printing and sales force automation
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
15
eBaoTech GeneralSystem – Solution for P&C
eBaoTech
Innovative Solutions for Insurance
Supports all mainstream property and casualty products, sales channels,
and whole life cycle functionalities in an All-in-One manner
Products
Sales Channels
Motor, property, personal accident, travel, marine
and cargo, liability, engineering, bond, package
products, and others
Traditional agent/agency, bancassurance,
telemarketing, worksite marketing, affinity group,
broker, group insurance sales team and others
Functionalities
Product definition, new business/quotation,
underwriting, customer/policy servicing, claims, no
claim discount, renewal, billing/collection/payments,
general ledger, reinsurance, sales channel
management, document/image management/
workflow, reporting, letters, printing and sales force
automation
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
16
eBaoTech
Innovative Solutions for Insurance
eBaoTech AgentOffice – Solution for Agents
Suite of sales automation tools needed by insurance agents or any distribution
partner‘s salesperson. To be used stand-alone or as part of either eBaoTech
LifeSystem or GeneraISystem
Products
Sales Channels
All Life and non-Life products defined in the related
policy management system be it either eBaoTech
LifeSystem, eBaoTech GeneralSystem or any other
connected system
Traditional agents, affinity group, broker, group
insurance sales team and others
Functionalities
Quotation, sales illustration, customer management,
sales activity management, training management
and others
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
17
eBaoTech AutoClaim – Solution for Claim
Handling
eBaoTech
Innovative Solutions for Insurance
Online collaboration software for motor insurance claims processing
and management
Products
Sales Channels
Improves motor claims results by reducing
experience, speeding up closure, and improving
claims ratio
Traditional agents, affinity group, broker, group
insurance sales team and others
Functionalities
Leverages internet and digital camera technology to
connect all parties with full information available to
work together on motor insurance claims
With its flexible workflow and powerful analytical
tools, it further enables insurers to adjust business
changes and improve performance effectively and
flexibly
Group
Life
eBaoTech
Product Suite
Asset
Link
Auto
Claim
eBaoTech AssetLink Overview
Life
System
© 2008 eBaoTech Corporation
General
System
Agent
Office
Confidential
18
eBaoTech
Innovative Solutions for Insurance
Business Architecture
AssetLink – Complete coverage of all wrapper insurance functionalities
Core Insurance Components
Product
Management
Policy
Management
• Product definition
• Product calculation
• New Business
• Customer Service
• Renewal
Supportive Components
Claims
Management
Finance
Management
• Collection and
Disbursement
• General Ledger
• Claims Admin.
• Survival benefit
Administration
Party Management
Sales
Management
• Channel Management
• Commission
Management
Asset
Management
• Partner Administration
• Role Administration
• Contact Management
• Custodian Mgmt
• Asset reconciliation
Risk
Management
• Autom. Underwriting
• Manual Underwriting
Business Infrastructure
Process
Management
Document
Management
• Process Design
• Workflow Management
• Letter creation
• Scanning / Imaging
• Print Mgmt & Archiving
Information
Management
Help System
• Transaction Correction
• Communication Mgmt
• Query System
• Report Management
Internationalization
• Multi Language
• Multi Currency
• Multi Company
Service Infrastructure
System Management
System Security
User Management
Batch Scheduler
Integration BUS for ERP Integration
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
19
eBaoTech
Innovative Solutions for Insurance
Common High Level Technical Architecture
All eBaoTech Suites are purely built on J2EE Standards, Object-Oriented,
N-Tiered and Component-Based Package Solutions
Touch Points
Web Browser
Telephone
Fax
Web Service
Message Queue
API
Flat File
DB Link
Functional Infrastructure
Email
SMS
Core Business
Asset Mgmt
Product Mgmt
Sales Mgmt
Party Mgmt
Finance Mgmt
Business Infrastructure
3d-Party Systems
Report
Help
Legacy System
Query Service
Printing Mgmt
Transaction Correction
Image Mgmt
Communication Mgmt
Document Mgmt
Proposal System
Underwriting System
Bank Payment System
Integration
BUS
Service Infrastructure
ReInsurance System
Batch Scheduler
Integration HUB
Financial System
System Mgmt
User Authorization
Payroll System
Rounding Calculation
System Utilities
Data Warehouse
CRM System
eBaoTech
Platform Infrastructure
Printing System
Imaging System
Network & Protocol
Web Server
J2EE Application Server
etc.
Relation Database Server
Load Balance & Cluster
Backup & Recovery
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
20
Comprehensive Functionality Combined with
Modern n-tier Architecture
eBaoTech
Innovative Solutions for Insurance
Comprehensive functionality and platform independence ensures flexible and
cost efficient operations
Comprehensive Functionality
• Integrated solutions for all product lines in Life as
well as Non-Life (standalone applications, can be
combined)
Modern n-tier Architecture
End-user browser
• Support for all insurance processes in policy
management as well as in claims management
• Supports all sales channels like Brokers, Agents,
Internet, Bank and others
• Development based on „best practice“ design,
like paperless „Straight-Through-Processing“ and
flexible Workflow (own Workflow or FileNet
Workflow Tool)
• Rule based and strongly customizable to business
requirements
• Separation of business logic and workflow
End-user browser
End-user browser
Internet/Intranet
Firewall
Web Server
Web Server and „Load Balancing“
Application Server
Websphere or Weblogic
Database Server
DB2 or Oracle
Platform independent
Completely Web based, Java / J2EE (not only Web-front end) guarantees Integration of all platforms
z/OS, Unix, Linux, Windows (everywhere where an „Application Server“ runs)
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
21
Achieving Operational Excellence with
eBaoTech Solutions
eBaoTech
Innovative Solutions for Insurance
The core features eBaoTech LifeSystem will heavily improve the operational
efficiency
WEB based
A
Document
Technology
E
B
Customer
Centric View
Concept
Image Technology
eBaoTech AssetLink Overview
C
D
© 2008 eBaoTech Corporation
Concise Workflow with
Pool Concept
Confidential
22
eBaoTech Solutions – True WEB Applications
enabling Process Integration of all Parties
eBaoTech
Innovative Solutions for Insurance
Browser and network access (intranet or internet) only needed which enables
flexible remote collaboration and resource optimization
Staff
Agents
Broker Customer
• Completely Browser based
• Fully built in J2EE
• Web-Architecture caters for simple
integration of B2B Partners
• i.e. Brokers, Call Centers, Banks, etc.
Intranet
Access control by Groups & Roles
Extranet
Core Insurance Components
• Distinct Access Group/Role combination
• i.e. Brokers can only access own proposals
Product Management
•
•
Supportive Components
Policy
Management
Product definition system
Product calc. engine
•
•
•
Claims
Management
New Business
Customer Service
Renewal
•
•
Finance
Management
Claims Admin.
Survival benefit Administration
•
•
Collection and Disbursement
General Ledger
•
•
Wrapper Management
Custodian Bank Management
Party Management
•
•
•
Integration to existing Portals by
• WebServices
• Embedding Technologies like
Portlets
Sales
Management
•
•
Channel Management
Commission Management
•
•
•
Autom. Underwriting
Manual Underwriting
Reinsurance Mgmt
Asset
Management
Partner Administration
Role Administration
Contact Management
Risk
Management
Business Infrastructure
Process Management
•
•
Process Design
Workflow Management
Document Management
•
•
•
Information
Management
Letter creation
Scanning / Imaging
Print Mgmt & Archiving
•
•
•
Help System
•
Internationalization
Transaction Correction
•
•
•
•
Communication Mgmt
Query System
Report Management
Multi Language
Multi Currency
Multi Time Zone
Multi Company/Country
Service Infrastructure
System Management
Rule Management
System Security
Formula Management
Batch Scheduler
Integration BUS for ERP Integration
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
23
Customer Centric View & Design – Catering for
benefits like Central Risk Assessment
eBaoTech
Innovative Solutions for Insurance
Single integrated Party DB
•
•
Full Customer Information
Accessible internally or externally under stringent user access rights
control
Share information with external 3d-party systems such as HR, CRM, etc.
Straightforward Integration
Agent
Unique customer information
Diff. party-types for individuals and institutions with specific attributes
Bank
Broker
Direct
Call Center
…
Central Hub
Investment Management
General Ledger
HR Management
ERP Applications, i.e. CRM
Underwriting
General
Application
Interface
Business
Application
Integrated
Party
Information
Claims
Customer Service
Call Center
Centralized
Party DB
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
24
Customer centric view enables a complete
customer overview
Verification if the customer already
exists
Displays the customer information
Can automatically use different
deductions dependent on customer
status
Entry and tracking of
offerings
Handles all letters and
mails
Centrally tracks the
customer correspondence
Enquires regarding
customer and policy
details on one screen
Handles tracks all
Endorsements
New business
Offerings
Documents
Endorsements
Customer DB
- Individual
- Organization
Customer
Mgmt
Automatic selection by
using customer details
© 2008 eBaoTech Corporation
Links and connects
claims to existing
policies and
coverages
automatically
Claims
Collection /
Disbursement
Queries
Renewal
eBaoTech AssetLink Overview
eBaoTech
Innovative Solutions for Insurance
Handles all payments
and receivables to and
from customers
Handles customer
status like VIP or
black list
Confidential
25
Workflow Around Multiple Pools – Catering for
Delegation of Work and Workload balancing
eBaoTech
Innovative Solutions for Insurance
Business processes are divided into logical steps which allows a concise workflow and
promotes specialization of work.
In eBaoTech LifeSystem, the
workflows of different
components are represented by
logical steps/stages to be taken.
The current step of an object in
the workflow is determined by
the status of the object. The
objects are for example
proposals, policies, claim cases.
If the status of an object is
changed, the system will regard
the object as having been
transferred to the sharing pool
of the next stage in the
workflow.
Operators who have access
rights to the particular
component can then process
this object.
eBaoTech AssetLink Overview
Workflow Support
User A
User B
User C
User profile and
pool definition
adjustable
Central pool (i.e. Activity list)
Pool 2
Policy A - status:
Requested surrender
Status: 1
Central activity list
allows always to
view status of
policy/claim etc.
© 2008 eBaoTech Corporation
Pool 3
Policy A – status:
Payout
Status: 2
Pool concept allow
very flexible work
allocation
Confidential
26
Business processing with integrated imaging
and real straight-through-processing
eBaoTech
Innovative Solutions for Insurance
Integration of image technology promotes remote collaboration processing
with powerful file archiving functionalities. User can easily retrieve
documents stored as images in the system
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
27
Access Anywhere to automatically generated,
centrally managed and stored Letters & Reports
eBaoTech
Innovative Solutions for Insurance
Integrated image technology promotes remote collaboration processing with
powerful file archiving functionalities.
Letters Module
 Policy documents
New
Business
 Endorsement letters
 Ad-hoc letters
 Periodic account and tax
statements
Claim
 Letters can be printed
by batch or by ad-hoc
 Letter can be printed
remotely or locally.
Or sent as email
 … (others can be added)
Customer
Service
Others
eBaoTech AssetLink Overview
 Letters can be
automatically or
manually
triggered in the
system. Letter ID
is also created.
Letter module also stores a
template of letters written in
Crystal Report and can be
extracted by letter code and
modified
© 2008 eBaoTech Corporation
On customer reply, the
information can be
linked to business
processing modules
Confidential
28
eBaoTech
Innovative Solutions for Insurance
Outline

Company Introduction

eBaoTech Platform Overview

Specific Features of Wrapper Business

AssetLink Demo

Q&A
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
29
Dedicated Solution for Wealth Management /
Wrapper Insurance
eBaoTech
Innovative Solutions for Insurance
eBaoTech AssetLink: one modern architecture, but dedicated wealth
management/wrapper platform as a „derivative“ of LifeSystem V3
New Functionality/Adaptation
AssetLink
Custodian Management
Asset Reconciliation
Tracking of Individual Trades
Commission/Fee changes on Policy level
Others
LifeSystem V1
eBaoTech AssetLink Overview
LifeSystem V2
© 2008 eBaoTech Corporation
Porting of
functionality
if needed
LifeSystem V3 ff
Confidential
30
eBaoTech
Innovative Solutions for Insurance
Wrapper concept - overview
Client
Bank A
•Asset A1
•Asset A2
•Asset A3
Transfer portfolio into a
personalized unit linked
life policy (meeting min.
requirements for life
policies)
Wrapper
Advantage for Client:
•
•
•
•
Asset Protection
Tax efficiency
Effective estate planning
Consistent investment strategy
eBaoTech AssetLink Overview
Bank B
Bank C
•Asset B1
•Asset B2
•Asset B3
•Asset C1
•Asset C2
•Asset C3
Insurance Wrapper
•Asset A1 •Asset B1
•Asset A2 •Asset B2
•Asset A3 •Asset B3
•Asset C1
•Asset C2
•Asset C3
Advantage for Insurer or Bank:
•
•
•
•
Enhanced client retention (incl. heirs)
Cheaper than trusts
Low capital requirements
Addition fee income
© 2008 eBaoTech Corporation
Confidential
31
Existing coverage of eBaoTech AssetLink
Wrapper Product
Product Line
Wrapper
Line
•
•
•
•
•
•
Single and regular premium
Whole life and fixed duration
coverage
Wrapper Annuity and pension
products also supported
Unit-based policy
administration possible
Any kind of asset can be
wrapped
Variable Universal Life
coming
eBaoTech AssetLink Overview
eBaoTech
Innovative Solutions for Insurance
Markets Covered
•
•
•
•
•
•
•
© 2008 eBaoTech Corporation
Lichtenstein / Switzerland
Germany
Sweden
Italy
Spain
UK (Analysis done)
Asia
Confidential
32
eBaoTech
Innovative Solutions for Insurance
Reduced Time-to-Market and
Rapid Product Implementation
AssetLink offers reduced time-to-market for new products given already
existing products and rapid new product implementation capability
Existing Product & Market
coverage
Proven approach for new
product implementation
Wrapper Product
Product Line
Wrapper
Line
Derivates
of existing
Products
Wrapper
Product
Line
• Single and regular premium
• Whole life and fixed duration coverage
• Wrapper Annuity and pension products also
supported
• Unit-based policy administration possible
• Any kind of asset can be wrapped
• Variable Universal Life coming
Markets Covered
•
•
•
•
•
•
•
Lichtenstein / Switzerland
Germany
Sweden
Italy
Spain
UK (Analysis done)
Asia
eBaoTech AssetLink Overview
+
• Existing Products can be copied and relevant
product parameters adjusted
• Effort typically between 20-30 person days
depending on specific requirements
New Wrapper Types (Annuities)
• New Product types can be implemented by
extending the existing flexible product
definitions
• Short time-to-market at attractive prices given
the existing product know-how and offshore
develeopment costs
© 2008 eBaoTech Corporation
Confidential
33
Support for all Operational Thrusts needed to
successfully manage the Wrapper Business
eBaoTech
Innovative Solutions for Insurance
Two different operational thrusts needed for different insurers / different
businesses in retail and HNWI business
Tailored “individual” Business:
Common Basic Requirements
• High level of flexibility on contract level
• Global Product and administration
capability
• Quick reaction to regulatory arbitrage
opportunities
• High product flexibility
• Low TCO
• Architecture future-proof
Mass-market, traditional
Business:
• High level of automation
• Low cost per policy
• Migration capability
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
34
Automation – business and platform context for
a Personalized Insurance Portfolio
eBaoTech
Innovative Solutions for Insurance
UBS ac. 001
Balanced Fund A
Vodafone shares
Residential property
London
Wrap portfolio contract 001
30.11.05
Asset volumes
Asset values
Asset movements
Policy
Administration
System
ING ac. 102
Growth Fund B
Aegon shares
Microsoft Office
Excel Worksheet
Residential property
Dom. Republic
.....
XYZ ac. 204
Request for fee deduction
Encashment of assets
Disposal of assets
UBS ac. 001
USD Balanced Fund A
100’000
GBP Vodafone shares
85’000
GBP Residential property
London
Partner mgmt
Contribution update
Position update
Trading request
Financial instruments
Letters & Reports
GBP
800’000
945’000
ING ac. 102
EUR Growth Fund B
200’000
EUR Aegon shares
105’000
USD Residential property
Dom. Republic
300’000
EUR
505’000
GBP 1’205’000
Fund XYZ
XYZ shares
Total Admin fee
1’000
Residential property
XYZ
Total Commission
5’000
….
Any asset which can be valued can be wrapped
Wrapped assets remain physically at custodian
Custodians are external to wrapper provider
Custodians can reside anywhere in the world
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
….
Real time and fully automated information
feeds between wrapper provider and
custodian remain difficult but not
impossible …
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eBaoTech
Innovative Solutions for Insurance
All kinds of target solutions supported
Target solution – standardization and automation of
interfaces to partners will simplify administration and reduce cost
1. Fast Launch
2. Pilot Automation
3. Full Automation
Microsoft Office
Excel Worksheet
data file
Insurer
Insurer
Microsoft Office
data
file
Excel
Worksheet
Insurerl
Microsoft Office
data
file
Excel
Worksheet
Microsoft Office
data
file
Excel
Worksheet
Microsoft Office
data
file
Excel
Worksheet
 Simple file exchange
 Pre-defined format imposed on
banks
 Potentially Insurer needs to map
data from bank to such format
 Real time interface to relevant
high volume bank for
transmitting asset info and
transactions – pilot approach
 Remaining banks remain on the
file exchange
2008
eBaoTech AssetLink Overview
2009
© 2008 eBaoTech Corporation
 Leverage of SWIFT format to
standardize interfaces with all
partners
 Robust and scalable set-up for
high volume business
2010 +
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Bringing together Policy Administration, Asset
Management and IFRS Reporting
eBaoTech
Innovative Solutions for Insurance
Policy administration, asset management and IFRS reporting –
administration platform needs to bring it all together
Policy administration:
Initial premiums, top-ups, partial
and full surrenders, annuity
payments, claims, fee charges, etc.
Client
Asset management:
Sale and Buy
transactions, Transfers in
and out of the account,
etc.
System requirements
1 Typical policy admin
components
Custodian/AM management
components
Other support components
(printing, query, etc)
2 Asset movement and
Reconciliation (sub)components
3 General Ledger
component
eBaoTech AssetLink Overview
Insurer
1
?
=
2
Insurer
3
© 2008 eBaoTech Corporation
Depot
Bank
1. Reconciliation needs to be
performed to ensure
accuracy and completeness
of transactions (and fee
income!)
2. Asset categories need to be
assigned to individual assets
in clients account and gains
& losses calculated for
financial reporting
Both policy administration and
asset management transactions
need to be booked in General
Ledger and relevant financial
statements produced
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37
Business requirements and key platform
characteristics
eBaoTech
Innovative Solutions for Insurance
Platform prerequisites
Multiple legal entities active in various
jurisdictions
Specialized products with focus on banking
integration and asset management
capabilities – low volume, large value
Pragmatic product development based on
regulatory arbitrage and market
opportunities
• Ability to adapt to environment quickly
(integration capabilities and modular
extendible architecture)
• “Calculation-light”, but “asset-strong”
capabilities
• Automation only where it adds true value
• Empowered staff working with system
• Partner that reacts quickly and at low cost
Potential pitfalls
Substantial growth potential
• Static operating and IT environment
Requirement to give distribution partners
and potentially clients access globally 24/7
• Complex calculations like in traditional life
environments
• Automation of everything
“Open platform” and support of multiple
custodian banks and heterogeneous
processes and platforms
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
• De-skilled staff
• Monolithic architecture
• Slow partner on IT & ops
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eBaoTech
Innovative Solutions for Insurance
Outline

Company Introduction

eBaoTech Platform Overview

Specific Features of Wrapper Business

AssetLink Demo

Q&A
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
39
AssetLink – Automation of processes
related to interactions with custodian banks
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
eBaoTech
Innovative Solutions for Insurance
Confidential
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AssetLink – flexible Workpools and standard
user interface across all components
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
eBaoTech
Innovative Solutions for Insurance
Confidential
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AssetLink – Extensive support covering technical and
non-technical alterations during entire policy lifecycle
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
eBaoTech
Innovative Solutions for Insurance
Confidential
42
eBaoTech
Innovative Solutions for Insurance
Outline

Company Introduction

eBaoTech Platform Overview

Specific Features of Wrapper Business

System Demo

Q&A
eBaoTech AssetLink Overview
© 2008 eBaoTech Corporation
Confidential
43
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eBaoTech
Innovative Solutions for Insurance
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eBaoTech AssetLink Overview
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