Ernst & Younger (EY US) has partnered with digital insurance coverage platform supplier EIS Group to facilitate transformation within the insurance coverage sector.
Underneath the tie-up, each companies will assist purchasers to implement and combine EIS’ cloud-driven, digital insurance coverage platform to resolve present and future points within the insurance coverage area.
EIS’ digital insurance coverage platform is especially an software programming interface.
The brand new partnership, which will even profit Ernst & Younger (EY UK), is predicted to incorporate new geographical areas in future.
The alliance seeks to assist purchasers implement improved providers that minimise time to market and allow new enterprise amid a rise within the group insurance coverage software program market exercise.
It additionally promotes underwriting, servicing and coverage administration competences throughout numerous enterprise sectors, equivalent to group advantages, life, annuity, healthcare, property and casualty in addition to dental and incapacity options.
EY will provide consulting and expertise functionality, and can combine the EY Nexus platform with EIS, as a part of the brand new alliance.
The EY Nexus platform is able to providing quicker providers to purchasers.
Ernst & Younger Life Expertise and Group Alliance chief Ted Epps mentioned: “Via the alliance with EIS, EY groups are wanting ahead to increasing their expertise footprint, thought management and model recognition within the insurance coverage business.
“This Alliance additionally permits EY groups to discover alternatives to strengthen their ecosystem by creating a complete core platform technique for EY Nexus, which is obtainable as a digital transformation resolution.”
In Might final 12 months, Ernst & Younger Enterprise Consultants (EY Eire) introduced a collaboration with FINEOS to assist insurance coverage carriers remodel digitally.