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Saudi Arabia based Walaa Adopts eBaoCloud DigitalCore as Enabler

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MarTech Cube
Saudi Arabia based Walaa Adopts eBaoCloud DigitalCore as Enabler

eBaoTech Corporation (eBaoTech), a world-leading digital insurance solution provider is pleased to share that Walaa Cooperative Insurance Company (Walaa), a top 5 insurer in Saudi Arabia successfully deployed eBaoTech’s DigitalCore™ platform and launched the first batch of products on the new platform. Walaa will use eBaoCloud® DigitalCore™ to manage all commercial and consumer lines of business to greatly improve its operation efficiency and obtain technology advancements in the digital age.

Walaa’s previous in-house developed policy admin system had been in use for over 10 years. Its insurance products were managed by multiple sub-systems. Walaa achieved over 21% revenue increase from 2019 to 2020 and realized that the legacy system needs replacement to achieve efficiency and to meet its growth aspirations for the coming decade and beyond. As such, Walaa was looking for a modern platform to centralize the management of all products and all policy admin processes from new business, party management, endorsement, claims, to reinsurance and which has strong and future proof digital capabilities.


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