On August 7, Farben Information ("Farben") and eBaoTech held a strategic partnership signing ceremony. THOMAS TANG, Vice President of Farben Information, and ANTANG DU, Vice President of eBaoTech, signed the strategic cooperation agreement on behalf of the two companies, marking the establishment of a strategic partnership.
The strategic partnership reflects an important decision by both companies based on industry trends and their long-term strategic plans. As artificial intelligence becomes increasingly integrated into the software industry, the insurance sector is also entering a new phase of digital transformation, bringing new opportunities for development. Building on this partnership, Farben and eBaoTech will work to explore more innovative business scenarios, and achieve complementary capabilities.
"Insurance digitalization has entered a new phase of value transformation,and that achieving revenue growth, cost reduction, and greater efficiency through AI engineering has become a core challenge for the industry's transformation and upgrading." said THOMAS TANG, Vice President of Farben, "eBaoTech has deep expertise in insurance digital transformation while Farben has long focused on financial technology. The partnership represents a precise alignment between technology service capabilities and vertically focused industry product capabilities."
"AI programming is rapidly changing the way software is developed and produced. Through this strong alliance and complementary strengths, we will work together to shape the future of AI programming for insurance software." said ANTANG DU, Vice President of eBaoTech, "Farben will continue to strengthen its capabilities in insurance software products and solutions, while our insureMO platform will provide support through its Atomic Insurance APIs, Data Ocean, and AI coding tools, hoping explore a truly practical 100% AI programming in the insurance industry."
The launch of this strategic partnership will move the collaboration between Farben and eBaoTech into a deeper and more structured phase of development. Going forward, the two companies will leverage their respective strengths in software development, insurance technology, and industry solutions to pursue in-depth cooperation in areas including technological innovation, business collaboration, and resource integration.
About eBaoTech:
eBaoTech is a leading provider of digital insurance solutions. Founded in 2000, the company is committed to its mission of “Make Insurance Easy”. Through years of sustained efforts and commitment to customer success, eBaoTech now serves a broad range of businesses across the insurance ecosystem, including insurers, insurance brokers and agencies, automotive OEMs and dealer groups, fintech companies, and software companies.
