April 21, 2020
Technology, Financial Technology and Services
Capital raise / fund raise
GCA advises EIS Group on its strategic growth investment
GCA has advised EIS Group, an insurance software company that enables leading insurers to innovate and operate like a tech company, on a growth investment from a strategic partner.
EIS Group provides a platform for high-velocity insurance for P&C and LAH insurance companies worldwide. Its open, flexible platform of core and digital solutions enables insurers to accelerate innovation, launch products faster, deliver new revenue channels, and create customer-friendly insurance experiences. The company is recognized as a Gartner Magic Quadrant Visionary. It is a leader in the development of a unified core, digital and data platform for insurers and the incorporation of emerging technologies, such as chatbots, AI and ML, into customer interactions and other business operations. Clients also benefit from the well-developed agile, continuous integration and delivery approach of EIS Group. From large multiline, multinational insurance companies to regional single-line carriers, insurers use the EIS platform to build and deliver fast, simple, engaging experiences across the entire insurance lifecycle: quoting, policy administration, billing, claims and service.
GCA has been highly active in the insurance software and broader insurtech sectors. We have witnessed a dramatic increase by insurance carriers in the use of innovative software to fully automate and digitize operations. True digital platforms that can provide an end-to-end solutions suite –from policy administration and billing to claims management—are central to this, and EIS Group occupies a vital position at this important crossroads.