China Continent Insurance Co (CCIC) has launched its next-generation Core System developed leveraging microservices provider eBaoCloud's InsureMO suite as middleware.
CCIC now runs its business in a core system based on microservices and cloud native architecture, powered by a commercially available insurance middleware.
The new core system provides all necessary microservices for all mainstream insurance products for sales and service functions. All internal staff user interfaces and workflows, as well as its Open API platform for ecosystem connectivity were developed using a set of APIs from eBaoCloud InsureMO.
This approach purportedly allows for the development of core insurance products in days instead of months. The new system also allows CCIC to cope with drastic transaction volume changes in real time based on its cloud native distributed architecture. The microservice architecture also allows CCIC to launch new features much faster than with traditional enterprise software as each microservice is totally separated from others so that cross impact of any new features is much less a concern.
The system now supports all lines of business at CCIC with more than 200 insurance products, from consumer lines, SME, to commercial lines, including Auto, Home, A&H, Cargo, Enterprise Property, Engineering, Agriculture, Liability, and others.
Going forward, the company aims to use technology to provide users with improved services, and push forward high-quality development of the insurance market toward win-win results for users, insurance companies, partners and the industry as a whole."
First published in FinTech Innovation