
Aite Group Names EIS Group “Best-in-Class” for Life Policy Administration Data Integration Capabilities
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
EIS Group takes top honors in PAS vendor report focused on integration, API development, micro-services, and the ability to integrate and use external third-party data.
EIS Group, a core and digital platform provider for insurers, was named the “Best-in-Class” life policy administration (PAS) vendor in Aite Group’s new report AIM Evaluation: Life PAS Vendors’ External Third-Party Data Integration Capabilities.
The report explores how well PAS vendors can deliver on policyholder expectations and process efficiency by integrating external data and leveraging APIs to enhance core operational functions, such as underwriting and claim processing, and improve customers’ digital experiences. The report evaluates the overall competitive position of each PAS vendor, focusing on vendor stability, client strength, product features, and client services.
EIS Group emerged as the leader in the best-in-class category and achieved the highest score in vendor stability, where Aite Group cited EIS Group’s financial strength, high growth rate, substantial investment into R&D, and perfect 5.0 score on client references. EIS Group was also rated as a best-in-class offering in product features.
“EIS Group, a young vendor in comparison to the players in this industry, came out strong in this forward-looking comparison of life insurance policy administration vendors, which focuses on integration, API development, micro-services, and the ability to integrate and use external third-party data. EIS Group is clearly prepared to support the advancement of the life insurance industry with digital transformation, integration of external third-party data throughout the policy lifecycle, the development of the best insurance ecosystem, and a roadmap to becoming 100% micro-services based,” said Samantha Chow, senior analyst at Aite Group and author of the report.
Some capabilities highlighted by Aite Group are:
- Over 10,000 APIs are built into the technology, and any PAS functionality is available through API
- Advanced workflow tools can integrate data that triggers additional rules-based workflow, including decision-making or recommendations.
- EIS DXP™ (digital experience platform) integrates with chatbots and enables social media feeds on a policy-by-policy basis
- A persona-based API platform that provides a bridge from legacy to new systems, allowing parallel operation during integrations
“As insurance B2B and B2C ecosystems grow, open solutions that are data friendly and able to leverage data broadly in core operations are essential,” said Rowshi Pejooh, executive vice president, Product Management, EIS Group. “We are proud that Aite Group has recognized our efforts to provide the future-focused PAS solution for life and benefits insurers.”
For more information, view the full EIS Group excerpt from the Aite Group report at bit.ly/New-Aite-Report.