Available as a stand-alone product that integrates with third-party systems and comprehensive feature sets for insurers, PolicyCore gives insurers the unique ability to manage the entire insurance lifecycle across multiple products from a single platform.

Insurers around the globe are looking to improve business processes and bring more value to every customer interaction in order to drive retention and growth

EIS PolicyCore offers the present industry’s most modern and modular end-to-end policy administration for on-premise or as SaaS implementation. Its components include EIS rating, product factory, automated underwriting, and dynamic analytics. AIG Canada, an insurance provider, needed to automate manual processes and improve compliance outcomes as they felt handcuffed by inefficient and manual processes that would not scale, hence unable to grow their business. A key implementation outcome requested by the insurer was improved mechanisms for automated rating. A flexible product-pricing tool—part of EIS PolicyCore—consolidated and simplified complex pricing models and provided a transparent and traceable process. It supplied them with the necessary agility to rapidly respond to market pricing conditions positively impacting customer experience. Comprehensive business rules and workflow have also allowed them to enhance business controls. “We strive to provide better insurance experience to companies and their customers,” affirms Miloslavsky.

EIS has created many success stories and helped clients to become more responsive to varying business needs. Being one of the early birds to adopt cloud technology, the company keeps up with the latest technological and market trends, focused on incorporating them in the offerings to enhance the product experience. The company creates a win-win situation for insurers as well as the customers to build agile practices and better business environment.