London, UK (Apr. 28, 2020) \u2013 EIS Group is pleased to announce the launch of an intelligent digital insurance ecosystem initiative, in collaboration with PwC. The new ecosystem will combine agility with insights to enable market differentiation and deliver best-in-class customer experience. This will allow insurance companies taking a greenfield approach to get closer to their customers and better understand their needs as people, rather than policy numbers.<\/p>\n
In recent years, insurers have struggled to adapt to the changing demands of consumers. Their ability to make the move from analogue to digital is being held back by their legacy estates that are slow to change, difficult to integrate, complex to draw insight from, and lack the agility to deliver innovative services. This is why 75%<\/b> of insurers are now proactively taking steps to move legacy technology landscapes to more dynamic and flexible \u2018as a service\u2019 models.[1<\/a>]<\/sup><\/p>\n The intelligent digital ecosystem will allow insurers to take a more radical approach to transformation, offering a greenfield platform for transitioning away from legacy technology. This new ecosystem will serve as an accelerator asset that shows insurers that moving away from legacy is much quicker, cheaper and more sustainable than ever before. It will demonstrate a fast and low-cost stand-up of core platform and architecture, the ability to leverage new partners and insurtech innovation in a plug and play model, and the ability to adopt more customer-centric business models such as episodic insurance.<\/p>\n The ecosystem will bring together a new technology collective to deliver data-driven solutions that understand insurance customer needs and meet their expectations. Solution providers will connect with EIS Group\u2019s core insurance hub and leverage cloud-native technologies and open APIs to create speedy and scalable solutions for insurers. In addition, because it is architected as an open ecosystem, rather than as a pre-defined vendor marketplace, insurers can connect new partners without difficulty.<\/p>\n Insurers will be able to choose partners and solutions in the ecosystem to advance key initiatives, including:<\/p>\n Agility<\/strong>:<\/p>\n Insight<\/strong>:<\/p>\n Differentiation<\/strong>:<\/p>\n \u201cThe insurance sector is undergoing immense change as it tries to future proof itself from further disruption,\u201d said Tony Grosso, Head of Coretech Marketing at EIS. \u201cThe ecosystem will allow insurers using a greenfield approach to break into the platform economy and develop new products and value-added services, fit for the customer of tomorrow. What\u2019s more, it will provide insurers with an opportunity to differentiate themselves from their competitors with a connected platform that allows them to understand the customers and their needs. The launch of the intelligent ecosystem initiative signifies a new milestone in our relationship with PwC.\u201d<\/p>\n \u201cThis new ecosystem will be an accelerator asset that provides insurers with an understanding of how they can achieve unrivaled agility, insight and differentiation in the market,\u201d said Glynn Austen-Brown, Insurtech Partner at PwC. \u201cThe ecosystem will provide the insurer with the tools needed to deliver services of the future. We\u2019re proud to be launching the ecosystem initiative alongside our long-standing partners at EIS Group who share our commitment to ecosystem insurance and innovative approaches to transformation. PwC already has a dedicated EIS Group delivery practice, which utilises more than 100 consultants to deploy and support EIS\u2019 solutions across the globe. We look forward to growing this productive relationship.\u201d<\/p>\n 1. PwC: InsurTech: The untapped potential within the UK insurance market<\/a>.<\/p>\n EIS Group is an insurance software company that enables leading insurers to innovate and operate like a tech company: fast, simple, agile. Founded in 2008, EIS Group provides a platform for high-velocity insurance. This open, flexible platform of core and digital solutions liberates insurers to accelerate innovation, launch products faster, deliver new revenue channels and create insurance experiences the world will love. And with thousands of APIs, the platform gives insurers the freedom to connect to a vast ecosystem of insurtech and emerging technologies. Headquartered in San Francisco, EIS Group powers premium growth for P&C and Life insurance companies worldwide. For more information on how EIS Group helps insurers become unbeatably fast at everything they do, visit www.eisgroup.com<\/a>.<\/p>\n At PwC, our purpose is to build trust in society and solve important problems. We\u2019re a network of firms in 157 countries with over 276,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com<\/u><\/a>.<\/p>\n PwC refers to the PwC network and\/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com\/structure<\/u><\/a> for further details.<\/p>\n \u00a9 2020 PwC. All rights reserved.<\/p>\n Source: EIS Group via Hotwire Global Communications Agency<\/em><\/p>\n Tags: customer experience (CX)<\/a>, Ecosystem<\/a>, EIS Group<\/a>, launch<\/a>, PwC<\/a> EIS Group and PwC collaborate to develop ecosystem built for the future of insurance London, UK (Apr. 28, 2020) \u2013 EIS Group is pleased to announce the launch of an intelligent digital insurance ecosystem...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18272"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18272"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18272\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Notes<\/h4>\n
About EIS Group<\/b><\/h4>\n
About PwC<\/b><\/h4>\n
\nRead the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"