EIS Group Strengths, Domain Expertise, and Key Differentiators
EIS Group is a technology innovator for insurance. EIS Group's digital insurance platform is built to move carriers closer to its customers. Cloud-enabled and mobile-ready, the unified platform of core, experience, and insight solutions empowers insurers to digitize core insurance operations, create the essential data foundation and deliver easier-than-easy experiences that attract a new generation of customers.
EIS Group Recent Developments
"In February 2021, EIS released the expansion of its core EIS Suite™ to carriers in the life and annuities markets. Cloud-native and customer-centered, the Suite allows insurers to innovate across all lines of business at scale, free from legacy constraints and inefficiencies. Featuring easy API integration, EIS Suite is the industry’s only core insurance solution that provides flexibility across the entire customer lifecycle and the ability to easily manage different lines of business from a single system.
In June 2019, EIS Group released Billing Agent, an application that enables insurers to create an unlimited number of rich user experiences for billing specialists to help them manage customer billing accounts, receivables, and cash allocation. Billing Agent delivers a consumer-grade experience to billing staff that improves efficiency and customer service."
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
Ownership: - x
Number of Employees: 1300
EIS Group Key Enterprise and Cloud Applications
EIS Group Revenues, $M:
|Type/Year||2019||2020||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
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||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
EIS Group Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
EIS Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of EIS Group Customers: x
No. of EIS Group Enterprise Applications Customers: x
No. of EIS Group Cloud Customers: x
No. of EIS Group Cloud Subscribers: 5000
EIS Group has more than 5000 users spanning 23 states. Among EIS Group customers are 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 many others.
EIS Group Market Opportunities, M&A and Geo Expansions
"In June 2021, EIS released a growth investment of more than $100 million from TPG, a global alternative asset firm. TPG is investing out of TPG Tech Adjacencies (TTAD), its fund focused on flexible capital solutions for the technology industry. The new funding will be used to continue to accelerate product development across the spectrum of risk, health, and wealth, and support geographic expansion. Additional terms of the transaction were not disclosed.
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.
June 2017, EIS Group launched the CoreVelocityTM delivery approach for delivering sustainable insurance core and digital solutions faster and with less risk. The CoreVelocity delivery approach combines implementation methods, tools, and accelerators via a cloud-based managed service as a unique, unified delivery approach that increases speed, ensures quality, and reduces the cost of solution delivery."
EIS Group Risks and Challenges
Global expansion depends on its resellers
EIS Group Ecosystem, Partners, Resellers and SI
EIS Group has different consulting and technology partners. Among EIS Group partners are Everis Group (part of NTT Data), EPAM Systems, Effenti, Cognizant, Comtec, Levio Consulting’s Insurance Practice, PwC, Voonyx, and many others.
EIS Group Cloud Infrastructure Insights
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- EIS Group Public Cloud and Infrastructure (IaaS)
- EIS Group Platform (PaaS)
- EIS Group Application Delivery
- EIS Group Private Cloud and Data Centers
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).
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