BOCG Insurance streamlines motor insurance platform with CoverGo

It also enlisted Milliman to implement new rates for motor products.

General insurance firm Bank of China Group Insurance has joined forces with CoverGo and Milliman to help build new motor insurance products and streamline its platform.

BOCG Insurance has engaged Milliman to implement new rates for motor products, through advanced actuarial and machine learning techniques, whilst CoverGo was engaged to provide its proprietary insurance platform to build products faster with no-code, increase distribution through new digital portals, and improve policy & claims admin through automation. 

According to BOCG Insurance, a key decision factor in engaging CoverGo was its robust no-code technology and APIs allowing seamless integration with existing systems and agile development with Milliman.

“Milliman’s actuarial expertise and CoverGo’s top level no-code API-driven technology has been a successful and efficient choice to help BOCG Insurance transform digitally and improve customer experience. The project was delivered in an impressively short time frame and in an agile way, being key to this success,” BOCG Insurance said.