Coalition | July 24, 2020
Cyber insurance and security company Coalition has announced it is entering the excess cyber insurance market. The move will extend Coalition’s reach beyond offering primary insurance coverage. The company will now be able to provide brokers with excess cyber liability and technology errors and omissions insurance for middle-market accounts in the US with up to $10 million in aggregate limits. The new surplus lines capacity is backed by Lloyd’s and has an A rating from AM Best, Coalition said.
Trust Insurance Cyprus, eBaoTech | February 09, 2021
eBaoTech Corporation (eBaoTech), declared that Trust Insurance Cyprus, an auxiliary of Trust Holding, effectively dispatched, on January 17, 2021, eBaoCloud® DigitalCoreTM (DigitalCore) underway for start to finish life cycle tasks of its general insurance business, supplanting an inheritance framework that has been being used for quite a long time. Since its dispatch, the new stage has been working easily with solid client fulfillment and activity effectiveness help.
Settled in Cyprus, Trust Holding, a completely claimed element of Nest Investments Holding, is a main territorial insurance bunch with business in excess of 7 nations across Middle East, North Africa and in Cyprus. Trust Holding chosen DigitalCoreTM for framework modernization, to expand its business readiness, availability/advancement abilities and activity effectiveness in the computerized age. eBaoCloud® DigitalCoreTM is intended for advanced insurance with solid network and API directions. Its fruitful dispatch gives a solid stage to Trust Insurance Cyprus to quicken its advanced change.
Marwan Bataineh, Group Chief Technology & Information Officer of Nest Investment Holding commented, "We are so excited that the new digital platform went live during these exceptionally circumstances and challenges we are facing from the COVID-19 pandemic. The teams from Trust in Cyprus and Jordan, and eBaoTech in Shanghai and Wuxi had to collaborate and work remotely through the whole year with a 6 hour time difference. I am so glad that with the strong support from our Board of Directors, our management team and the dedication and professionalism of the joint teams, we successfully launched the new digital platform as a backbone to enable our innovations and growth. We look forward to the implementation of DigitalCore to all insurance subsidiary companies of Trust Holding Group".
Christos Christodoulou, CEO of Trust Cyprus added, "We want to express our great appreciation and respect to eBaoTech's team for their professional and methodical approach to make this project a success. Their commitment and dedication was remarkable and beyond our expectations. With the new policy admin platform in place, we are now able to offer a better service to our Agents and Customers. We now have much stronger connectivity capabilities to increase our services and user experience to our agents and policy holders. We feel that with a strong technology partner such as eBaoTech we will maintain and increase our leading position in the new technological era."
Kamel Abunahl, CEO of Trust Holding highlighted, "This is a big success for both organizations and a great team work. We are glad of our decision to choose eBaoTech as our long-term partner for the transformation of our Group Insurance companies into the new digital era. Today, by using eBaoTech's DigitalCore, we have one more tool to enable the Group Companies to advance further faster with better controls. This is the first step of a long journey and future cooperation with eBao".
About Trust Insurance Cyprus
Trust Insurance Cyprus provides optimum insurance services on an international level for over a decade.
Since August 2009, it has extended its dynamic presence in the Cyprus Market with a capital in excess of € 8.000.000, residing in the top tier of the industry. The company's successful growth is a motivation for significant future movements in creating innovative ideas as to become one of the leading insurance companies within the Insurance Industry.
About Trust Holding
Trust Holding was founded in 2007. It has set its vision to focus on growing its role and relationship with its subsidiaries to being an active support hub helping respecting operations to enhance their economic value in their respective markets on local and global views. Trust Holding have presence in the MENA region, North Africa and Europe such as Algeria, Palestine, Lebanon, Yemen, Iraq and Cyprus.
eBaoTech® is a technology solution provider for global insurance industry. Our mission from start is to "make insurance easy". We have business in more than 30 countries across all continents, serving numerous insurers, agents, brokers, InsurTech startups and others in the insurance ecosystem. eBaoTech offers two groups of solutions: eBao® Cloud including SaaS and PaaS solutions and eBao® Software for traditional insurance carriers' core systems.
Beazley | July 15, 2020
Beazley has launched an insurance product in Asia that covers risks associated with technology-enabled healthcare and wellness services. While already a rapidly growing area within healthcare globally, the impact of COVID-19 has served to accelerate the uptake of digital health services, according to the insurer. From remote medical consultations through to the use of apps and wearable technology to monitor conditions, the number of telehealth users across Asia rose sharply in early 2020, making it an attractive sector to new entrants and investors.