Press Releases

Latest Version of EIS Group’s ClaimCore System Delivers Integrated Claims Functionality for Benefits Insurance

End-to-end claims management solution provides group and voluntary benefits insurers with additional core system transformation options

San Francisco, California
March 21, 2016

EIS Group, a leading provider of core software systems to insurers, today announced that the latest version of the ClaimCore® software system supports multiple lines of group and voluntary benefits insurance and enables those insurers to improve claims accuracy and efficiency, streamline payment processing, improve compliance and enhance fraud detection. The ClaimCore solution has been designed to be deployed as a standalone core system or as a key component of the company’s unified, yet modular EIS Core Insurance Suite™, providing benefits insurers with additional options for transforming their legacy core systems.

“Group and voluntary carriers are increasingly looking to invest in technology replacement plans to free them of their legacy system constraints. Rather than pursuing wholesale conversion of monolithic existing platforms, we see some carriers starting with underwriting, billing and claims as logical starting points on a measured multi-year journey,” said Rob McIsaac, SVP, Research and Consulting, at Novarica. “With the addition of ClaimCore for the benefits market, EIS Group expands the options available to carriers as they extend their transformation plans for dealing with legacy technology platforms and the associated processes that they support”.

The latest version of ClaimCore increases automation of critical claims tasks and leverages enhanced workflow, work queues, rules, notes and document generation and management capabilities to deliver automated and auditable claims processes for the benefits industry across multiple lines of business.
When ClaimCore is deployed as part of the EIS Suite™—comprised of PolicyCore®, BillingCore®, ClaimCore and CustomerCore™—eligibility and customer information are immediately available to claims operations without the integration burdens resulting from multiple vendor solutions. In addition, the common database and data model in the EIS Suite platform provides a single source of truth with data entered one time and leveraged throughout the entire customer lifecycle.

“The benefits claims functionality now available in ClaimCore allows our clients to manage and adjudicate claims in an efficient, accurate manner that increases satisfaction for customers and improves visibility and coordination for the carrier while delivering better claims outcomes,” said Jim Eva, EIS Group’s product executive for claims.

About EIS

EIS is an insurance software company that enables leading insurers to innovate and operate like a tech company: fast, simple, agile. Founded in 2008, EIS provides a platform for high-velocity insurance operations. Its open, flexible platform of core and digital solutions liberate insurers to accelerate innovation, launch products faster, deliver new revenue channels, and create insurance experiences the world will love. And with thousands of APIs, the EIS ® platform gives insurers the freedom to connect to a vast ecosystem of insurtech and emerging technologies. Headquartered in San Francisco, EIS powers premium growth for P&C and Life insurance companies worldwide. For more information on how EIS helps insurers become unbeatably fast at everything they do, visit EISGroup.com.

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