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EIS expands in the UK with coretech platform launch

San Francisco-based insurtech EIS has announced its entry in the UK market with the launch of its coretech platform in a bid to offer insurance products and services to cater to changing consumer habits. The company has stated that it aims to assist UK insurers to create and deploy new products and services through its open APIs. The platform will also allow insurance companies to operate with insurtechs and other providers to deliver solutions beyond protection.

“For the insurance company of the future, providing the right cover and good service to policyholders are table stakes,” said Tony Grosso, Head of Marketing at EIS, “The real winners will be those who can move beyond protection and operate in an ecosystem of value with other, non-insurance providers. The agility and flexibility of the platform will be invaluable to UK insurers as they look to adapt to and sync regulatory changes post-Brexit and the demands of the market.”

Founded in 2008, EIS provides a platform for high-velocity insurance operations. Its open, flexible platform of core and digital solutions aim to liberate insurers to accelerate innovation, launch products faster, deliver new revenue channels and create insurance experiences.

“As we enter the UK market, we see a high demand for innovative approaches to insurance. More so than other markets,” said Olivier Vayesse, Senior Vice President, EMEA at EIS. “EIS has been resourceful in responding to this demand. One example is a local initiative where we are developing an intelligent digital ecosystem to enable insurers to take a more radical approach to transformation, offering a greenfield platform for transitioning away from legacy technology. EIS is committed to expansion in the UK market, creating jobs and revenue opportunities, in conjunction with our partner program.”

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