EY partners with EIS to support insurance transformation

By Gloria Methri

The EY organisation has partnered with EIS Group to help clients integrate and implement the latter’s cloud-native, digital insurance platform to address challenges in the insurance industry. The alliance is also active in EY UK with plans for alliance geographic footprint expansion over time.

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 strengthening its core administration platform. In addition to bringing in consulting and technology experience, EY complements EIS’ capabilities by integrating the Nexus platform, which facilitates faster deployment of services for clients.

Ted Epps, Life Technology and Group Alliance Leader, Ernst & Young LLP, said, “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.”

Jim Caruso, EIS EVP of Customer and Partner Success, said, “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.”