EIS acquires Enterprise Business Solutions from Lemonade
Summary
The acquisition of the EBS assets will greatly expedite EIS’ continued acceleration into new markets, bolstering its data science capabilities while offering additional insurtech solutions to current and future customers. By implementing this automated claims solution, EIS customers will be able to lower their total cost of ownership and Loss Adjustment Expense (LAE) while increasing their speed to market. As either a stand-alone or integrated offering, EBS enables our P&C insurance carrier clients to automate their claims operations and successfully bridge the existing gaps in their systems digitally. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. The open, flexible, cloud-native EIS Coretech platform liberates insurers to increase market share, develop new products, build engaging experiences, lower acquisition costs, boost retention, and deliver greater revenue and profits for the long term.