The EY organization has announced an alliance between the EIS Group Inc (EIS), a global digital insurance platform provider, and Ernst & Young LLP (EY US) to help clients in implementing and integrating EIS’ cloud-native, digital insurance platform, which is primarily an application programming interface, to address challenges and future needs in the insurance industry. The Alliance is also active in Ernst & Young LLP (EY UK) with plans for alliance geographic footprint expansion over time.Following a significant surge in activity across the group insurance software marketplace, the EY-EIS Alliance helps clients implement detailed services that reduce time to market and enable new business. It also supports underwriting, servicing and policy administration capabilities across multiple lines of business, including group benefits, life, annuity, healthcare, property and casualty, dental and disability products.EIS is expanding to become a full value chain solution while continuously strengthening its core administration platform. Many insurance carriers currently undertake manual steps that give rise to a host of inefficiencies. Therefore, there is a growing need for carriers to leverage digital and analytical solutions while redesigning customer operations and service models.In addition to bringing in consulting and technology experience, EY teams complement EIS’ capabilities by integrating the EY Nexus platform, which facilitates faster deployment of services for clients.Jim Caruso, EIS EVP of Customer and Partner Success, says:“As the needs of consumers continue to evolve, ambitious insurers are searching for cloud-native, open, flexible and interconnected technologies that enable them to respond unimpeded and power their next phase of growth. The collaboration with EY teams represents a significant milestone in addressing this need. We are excited about the numerous transformational opportunities that will arise from combining EIS technology with EY teams’ consulting knowledge, and we look forward to sharing these benefits with even more leading insurance organizations.”For more information, visit ey.com/alliances.
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