EIS Group is pleased to announce the new version 6.2 release of the EIS Suite™ software solution which incorporates specific functionality for group and worksite benefits insurance products.

“This release in particular delivers tremendous ease of use and automation capabilities for the group and worksite marketplace,” said Anthony Grosso, vice president of product marketing for EIS Group. “The depth of the pre-configured insurance product content available now through the EIS Suite underscores the value and leads the way into the future of packaged software for group and worksite insurers.”

The EIS Suite is a modern core administration solution that includes PolicyCore™, ClaimCore™, BillingCore™ and CustomerCore™ modules. Via this release, EIS Group has further enhanced the full policy lifecycle support available through the EIS Suite for insurers looking to create and take advantage of internal operational efficiencies. This release also includes support for list, self and direct bill, as well as a fully integrated, end-to-end claims process, spanning notification to payment.

This release focuses on additions to the EIS Suite pre-assembled product library for group and worksite benefits, a comprehensive collection of pre-configured insurance products that further increases speed-to-market and enables internal efficiencies for insurers. Version 6.2 also includes enhancements to critical functionality inherent to the EIS Suite, including:

• Census import and validation tool;
• Renewal and cancellation processing;
• Internal controls and regulatory compliance tools; and
• Integrated document generation.

To increase customer self-sufficiency, EIS Suite software also includes pre-built integration with an advanced, Excel-based rating tool that allows near real-time rate changes by business users. This tool creates efficiencies and accuracy within pricing of policies while helping to ensure compliance.

“The level of automation and efficiency that insurers can achieve through the EIS Suite is dramatically improved when users are able to use our pre-configured content as a platform for reducing product development cycles to rapidly respond to market changes,” said Grosso.