San Francisco-based insurtech EIS has launched its coretech platform in the UK to help insurers offer a new generation of insurance products and services.
EIS’ platform is designed to help UK carriers rapidly create and deploy new and innovative products and services via open APIs.
This allows insurance companies to operate seamlessly with insurtechs and other providers to deliver lifestyle solutions beyond protection to consumers.
“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,” Grosso added.
“EIS is already helping forward-thinking insurance businesses in EMEA, North America and APAC.”
“As we enter the UK market we see high demand for innovative approaches to insurance. More so than other markets, in fact,” 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.”