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January 17, 2022

Saudi Arabian insurer Walaa taps eBaoTech for digital transformation

By Shivam Mishra

Saudi Arabia’s Walaa Cooperative Insurance Company (Walaa) has selected eBaoTech’s digital insurance solution to enhance its capabilities.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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by GlobalData
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The insurer has selected eBaoTech’s DigitalCore to manage commercial and consumer business lines.

Walaa has already launched the first batch of offerings on DigitalCore platform.

According to eBaoTech, Walaa selected DigitalCore for its microservices-based architecture and API capabilities. Furthermore, it facilitates new product launches.

The new platform also offers role-based authority and UI display, automates underwriting rule check and configuration.

Additionally, DigitalCore provides built-in interoperability across internal modules and external ecosystems using cloud-native technology.

Walaa Cooperative Insurance Company CEO Johnson Varughese said: “As part of our overall digital transformation, we are excited to select eBaoTech’s DigitalCore as our next-generation policy administration platform.

“We are confident that the new platform will bring technology advantages for us to operate much more efficiently, react much faster to market needs with the robust Product Factory, and become more open, innovative and flexible when engage with external ecosystem stakeholders with the decoupled system architecture.”

eBaoTech EMEA VP and general manager Tomek Bugajski said: “The new platform will provide Walaa with strong technology advantages to keep a leading position in the mobile age. We are committed to being a long-term technology partner for Walaa to support their growth and success.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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