Group Benefits

A Single System for Group, Worksite and A&H Insurance

Business, regulatory and social drivers are reshaping the Group Benefits market and forcing a response from insurers:

  • traditional group and voluntary insurance markets are converging as sponsors push costs to participants
  • participants want greater control over their benefits and better service
  • new regulations and market dynamics are redefining the role of distribution and service partners

At the same time, opportunities now exist for:

  • reducing operational and IT costs by more than 30 percent, and
  • growing by controlling more of the value chain and entering new highly profitable markets.

Standing in the way of success are out-dated core systems. The Group Benefits industry has been woefully underserved by automation and has not kept pace with the rapid technology changes that consumers have all come to expect. Insurers need their billing, enrollment and product systems to be competitive. Moreover, they need a single system for selling and servicing multiple lines of business.

Product brochure (PDF) >

EIS Edge

EIS Suite is a full-suite system solution designed for a changing marketplace. It is a quickly deployable solution that produces an ROI in less than 18 months, while providing a strategic platform for future growth as well as offering your customers mobile and online access, flexible billing options and new products to purchase. The cross sell opportunities alone cost-justify the solution. Key advantages are:

Advantage #1: Improved financials – lower costs, higher revenues

  • Reduced IT and operations expenses on current business
  • New profitable revenue streams –  rapid product launches when the business sees opportunities

Advantage #2: A single platform – with flexibility to support a full range of product offerings

  • A full range of Group, A&H, and P&C products (where needed) with a single view of every customer
  • Any type of group product financing - including non-contributory, contributory, mandatory and voluntary - and multiple financing types within a single policy
  • Group and Individual product structures

Delivering Business Value through End-to-End Processing

The EIS Suite™ modules PolicyCore™, BillingCore™ and ClaimCore™ and integrated components DistributionCore™ and Dynamic Analytics™ provide all the functionality required for the full, end-to-end benefits insurance lifecycle:



Functionality includes:
  • Pre-sale & Proposal
  • Case setup
  • Renewals
  • Endorsements
  • Rating
  • Underwriting
  • Participant: online enrollment
  • Sponsor: online plan management
  • Agent: online self-service
  • Doc Generation & Management
  • Billing
  • Payments
  • Claims
  • Operations tracking
  • Reports and dashboards
  • CRM
  • Commissions
  • General distribution management
  • Compliance
 



CELENT REPORT

POLICYCORE

“EIS PolicyCore™ distinguished itself as an industry leader in this report, demonstrating the broadest functionality available to the market and an advanced technology set that together delivers big business value to insurers.”

“EIS should be considered for any insurer's short list for policy administration system alternatives and provides the end-to-end solution with BillingCore™ and ClaimCore™ for insurers that desire one integrated suite solution for all their insurance process requirements.”

-- Ben Moreland, senior analyst and co-author of Policy Administration Systems for Personal Lines P/C Insurers US