Insurtech group EIS has announced the launch of its coretech platform in the UK in order to help insurers deploy new products and services through open APIs.
The San Francisco-based group enables insurance companies to operate alongside insurtechs and other providers to deliver lifestyle solutions beyond protection to consumers.
Tony Grosso, head of marketing at EIS, said: “For the insurance company of the future, providing the right cover and good service to policyholders are table stakes.
“The real winners will be those who can move beyond protection and operate in an ecosystem of value with other, non-insurance providers.”
He added: “The agility and flexibility of the platform will be invaluable to UK insurers as they look to adapt to and sync regulatory changes post-Brexit and the demands of the market.
“EIS is already helping forward-thinking insurance businesses in EMEA, North America and APAC.”
Olivier Vayesse, senior vice president, EMEA at EIS, said: “As we enter the UK market we see high demand for innovative approaches to insurance. More so than other markets, in fact.
“EIS has been resourceful in responding to this demand. One example is a local initiative where we are developing an intelligent digital ecosystem to enable insurers to take a more radical approach to transformation, offering a greenfield platform for transitioning away from legacy technology.”
He added: “EIS is committed to expansion in the UK market, creating jobs and revenue opportunities, in conjunction with our partner program.”