EIS Group Strengths, Domain Expertise, and Key Differentiators
EIS Group, a leading technology innovator in the insurance sector, offers a cutting-edge digital platform designed to enhance customer engagement. This cloud-based and mobile-friendly solution combines core, experience, and insight functionalities, enabling insurers to streamline operations, establish robust data infrastructure, and deliver seamless customer experiences tailored to the preferences of modern consumers.
EIS Group Recent Developments
In February 2021, EIS introduced an extended version of its core EIS Suiteâ„¢ tailored specifically for carriers operating in the life and annuities sectors. This cloud-native solution prioritizes customer-centricity, empowering insurers to drive innovation across diverse lines of business without the limitations of legacy systems. Notably, the EIS Suite offers seamless API integration, distinguishing itself as the sole core insurance solution capable of providing comprehensive flexibility throughout the entire customer lifecycle and facilitating centralized management of various lines of business within a unified platform.
In June 2019, EIS Group unveiled Billing Agent, an innovative application designed to empower insurers in crafting diverse, user-centric experiences for billing specialists. This platform facilitates streamlined management of customer billing accounts, receivables, and cash allocation, enhancing operational efficiency and elevating customer service standards through a consumer-grade interface.
EIS Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying EIS Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of EIS Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified EIS Suite customers.
EIS Group Overview
4 Embarcadero Center, Suite 3410
San Francisco, CA, 94111, United States
1 844-800-1579
https://www.eisgroup.com/
Ownership: - x
Number of Employees: 1300
Functional Markets: CRM, ERP Services and Operations,
Key Verticals: Healthcare, Life Insurance, P&C Insurance, Specialty Insurance,
EIS Group Key Enterprise and Cloud Applications
EIS Suite
EIS Group Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
---|---|---|---|
Total Revenues, $M | Subscribe | Subscribe | Subscribe |
Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
EIS Group Revenue Breakdown By Type, $M:
EIS Group Enterprise Applications Revenues By Functional Markets, $M:
EIS Group Enterprise Applications Revenues By Verticals, $M:
EIS Group Revenues By Region, $M
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
EIS Group Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
EIS Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified EIS Group Customers
No. of EIS Group Customers: 1057
No. of EIS Group Enterprise Applications Customers: x
No. of EIS Group Cloud Customers: x
No. of EIS Group Cloud Subscribers: 5000
EIS Group serves over 5000 users across 23 states, boasting a prestigious clientele including Liberty Mutual, AIG Private Client Group, CSAA Insurance Group, AIG Canada, AMI Insurance (a division of IAG New Zealand), Desjardins General Insurance Group, Industrial Alliance Auto and Home Insurance, Inc, Narragansett Bay Insurance Company, and numerous others.
EIS Group Market Opportunities, M&A and Geo Expansions
In June 2021, EIS secured a growth investment exceeding $100 million from TPG, a prominent global alternative asset firm, operating through its fund TPG Tech Adjacencies (TTAD), specializing in flexible capital solutions for the technology sector. The injected capital will drive ongoing product development initiatives spanning risk, health, and wealth domains, while facilitating geographical expansion. Specific terms of the transaction remain undisclosed.
In 2020, Wellfleet, a Berkshire Hathaway insurance company, and industry technology leader EIS Group are building a next-generation insurance administration platform to meet the evolving demands of the employee benefits market.
In June 2017, EIS Group introduced CoreVelocityTM, a pioneering delivery approach aimed at expedited and risk-mitigated deployment of insurance core and digital solutions. This methodology integrates implementation techniques, tools, and accelerators within a cloud-based managed service, offering a singular, cohesive approach that enhances speed, maintains quality, and lowers the overall cost of solution deployment.
EIS Group Risks and Challenges
The success of global expansion hinges upon the performance and effectiveness of its network of resellers.
EIS Group Ecosystem, Partners, Resellers and SI
EIS Group collaborates with a diverse array of consulting and technology partners, including esteemed organizations such as Everis Group (a division of NTT Data), EPAM Systems, Effenti, Cognizant, Comtec, Levio Consulting’s Insurance Practice, PwC, Voonyx, and various others.
EIS Group Cloud Infrastructure Insights
Subscribe to read more about:
- EIS Group Public Cloud and Infrastructure (IaaS)
- EIS Group Platform (PaaS)
- EIS Group Application Delivery
- EIS Group Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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