{"id":399958,"date":"2020-12-15T09:03:16","date_gmt":"2020-12-15T14:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399958"},"modified":"2020-12-15T09:03:16","modified_gmt":"2020-12-15T14:03:16","slug":"eis-ranked-among-best-in-class-overall-in-u-s-pc-core-systems-evaluation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eis-ranked-among-best-in-class-overall-in-u-s-pc-core-systems-evaluation\/","title":{"rendered":"EIS Ranked Among \u201cBest-in-Class\u201d Overall in U.S. P&C Core Systems Evaluation"},"content":{"rendered":"

\nAite Group Report Gives EIS Suite Top Marks for Data Integration, Breadth and Depth of Product Features and Client Services
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SAN FRANCISCO, Dec. 15, 2020 (GLOBE NEWSWIRE) — EIS, a core and digital platform provider for insurers, was named among the \u201cBest-in-Class\u201d P&C Core Systems providers Overall and in Vendor Stability in Aite Group\u2019s new report \u201cAite<\/a> Matrix: 2020 U.S. <\/a>P&C<\/a> Core Systems Evaluation<\/a>.\u201d<\/a><\/p>\n

The report explores some of the key trends within the core systems market for P&C carriers and discusses the ways in which technology is evolving to address new market needs and challenges.<\/p>\n

\u201cEIS has focused on building a coretech platform that enables insurers to more easily create an ecosystem of services, data, and partners, and to build and distribute customer-centered insurance products in new and emerging B2B and B2C business models,\u201d says Tony Grosso, Global Head of Marketing, EIS. \u201cWe are proud that Aite Group\u2014and our customers\u2014have recognized our leadership in providing the industry the most open, ecosystem-friendly core and digital platform.\u201d<\/p>\n

EIS stood out against much larger and publicly-traded competitors in the overall scoring of Aite\u2019s AM Components, which include Vendor Stability, Client Strength, Client Services, and Product Features. EIS achieved best-in-class scores in three categories, including a tie top score of 96% for Product Features and a shared second place at 93% for Client Services, based on customer feedback.<\/p>\n

\u201cP&C insurance carriers worldwide are being asked to provide more customized and personalized experiences for their policyholders, such as quicker and more accurate underwriting decisions or a facilitated claims process. To make this happen, carriers increasingly rely on third-party data and on a core system that can integrate this data into various workflows,\u201d said Jay Sarzen, senior analyst with Aite Group’s P&C Insurance practice. \u201cEIS responded to the market need with an open platform that can meet the evolving needs of a wide range of carrier clients. Any carrier looking for a flexible and highly capable platform that can deliver a digitally focused experience would be well-served by EIS Suite.\u201d<\/p>\n

According to the report, the best way for carriers to meet evolving customer and prospect expectations is to employ a more digital experience, the foundation of which is data. This means that a core system\u2019s ability to seamlessly integrate copious amounts of existing and emerging data into carrier workflows is critical for digital evolution. The report cited several EIS Suite best-in-class strengths to that end:<\/p>\n