eBaoTech (Europe) AG has been set up in Zurich, Switzerland, to focus on exploiting the rapidly changing European insurance landscape.

Besides marketing and adapting eBaoTech 's leading Java-based insurance solutions, the European team will also offer migration services to third-party applications given the high system fragmentation at many European insurance companies.

Daniel Adamec, CEO Europe, who is joining from Winterthur Insurance, a top 5 European Insurer, where he was CFO of the life & pensions division, said, "These are exciting times. Together with eBaoTech in Asia, we have a unique value proposition also for European insurers, namely one of the best life applications in the market, very low cost and unmatched implementation and migration capabilities."