Digital insurance platform provider, EIS, has announced the acquisition of Metromile’s Enterprise Business Solutions, Lemonade’s SaaS-based claims automation and fraud detection solution.
The EBS platform offers an “end-to-end touchless claims experience. EIS says insurers licensing the technology have improved their combined ratio by as much as 10%.
“We look forward to welcoming EBS team members and their clients to EIS,” said Alec Miloslavsky, CEO of EIS. “Acquiring EBS will greatly enhance our coretech systems. 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.
“Most importantly, this is the first step on a roadmap towards building a complementary data science line of solutions for our current and future customers. EIS’ coretech platform has always been aimed at streamlining the insurance processes and data science offers new and dramatic ways to increase automation across the board for insurance carriers.”
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