EY Announces Alliance With EIS to Support Insurance Transformation

The EY organization today announces 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.

Ted Epps, Life Technology and Group Alliance Leader, Ernst & Young LLP, says:

“Through the alliance with EIS, EY teams are looking forward to expanding their technology footprint, thought leadership and brand recognition in the insurance industry. This Alliance also allows EY teams to explore opportunities to strengthen their ecosystem by developing a comprehensive core platform strategy for EY Nexus, which is offered as a digital transformation solution.”

Chris Payne, EY EMEIA Insurance Technology Leader, says “The alliance with EIS is an exciting proposition with much potential. There is so much dynamic innovation still to be found within the insurance market. Having worked together on leading-class insurance business and technology transformation programs centered around the customer and digital enablement, I have faith that this Alliance can bring significant and innovative digital progress to insurers.”

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.”