EIS, a system and digital insurance platform provider, has acquired San Francisco, California-based Metromile’s Enterprise Business Solutions, a SaaS-based claims automation and fraud detection system from Lemonade.
The company expects the acquisition of the EBS assets to expedite EIS’ entry into new markets.
The EBS platform offers a “touchless claims experience” the company says can improve customer satisfaction, limit losses paid to false claims, and streamline back-office operations.
EBS supplies major components to the insurance industry.
Lemonade is an insurtech that offers renters, homeowners, car, pet, and life insurance. Metromile closed of the acquisition of the pay-per-mile car insurance provider in an all-stock transaction in July.
Related:
Was this article valuable?
Here are more articles you may enjoy.
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
Product Liability Verdicts Are on the Rise but There Are Ways to Avoid Them 
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire 
