INSURANCE TECHNOLOGY

YF Life Boosts Its Digitalization with the Official Launch of The eBaoTech Core System Platform

YF Life, eBaoTech | April 26, 2021

eBaoTech Corporation (eBaoTech), a global provider of digital insurance solutions, and YF Life Insurance International Ltd. (YF Life), a major Hong Kong insurance firm, are pleased to announce the successful launch of their new policy management system for YF Life, which replaces a legacy core system that had been in operation for many years. The new core system, eBaoTech® LifeSystem Suite, is now used to serve all YF Life business lines in Hong Kong and Macau.

YF Life is a technology-enhanced insurance and wealth management firm that is part of the Yunfeng Financial Group, which is listed on the HKEX. The firm has been in the Hong Kong insurance industry for over 40 years and is dedicated to offering customers one-stop risk- and wealth-management advisory services, as well as MPF services. YF Life provides adaptable and cutting-edge insurance solutions, such as the award-winning lifetime annuity scheme. YF Life is the only company in Hong Kong to have been named Best-in-Class/Outstanding Achiever for Annuity Plan and Retirement Product in the BENCHMARK Wealth Management Awards for nine consecutive years, owing to its distinctive product advantages.

During its first two months of operation, the new core structure has already provided strong business values while operating seamlessly and successfully in support of YF Life's business growth. This demonstrates eBaoTech's reliability and maturity as a leading insurance core system and digital solution provider.

About YF Life Insurance International Limited

YF Life Insurance International Limited is a member of the Yunfeng Financial Group, a Hong Kong Exchange-listed firm whose main shareholders are Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company, one of the "Five Largest US Life Insurance Companies." YF Life is committed to building a better future for customers by providing professional and technology-enhanced one-stop risk- and wealth-management advisory services, as well as MPF services, by leveraging its strong reliability and robust financial history.

About eBaoTech
eBaoTech® is a provider of technology solutions to the global insurance industry. The goal has always been to "make insurance easy." They do business in more than 30 countries across all continents, representing various insurers, agents, brokers, InsurTech startups, and other insurance ecosystem participants. eBaoTech has two types of solutions: eBao® Cloud, which includes SaaS and PaaS solutions, and eBao® Software, which is used in conventional insurance carriers' core systems.

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