Toronto, ON (Mar. 11, 2015) – EIS Group, a global provider of insurance core systems, is pleased to congratulate Industrial Alliance Auto and Home Insurance (IAAH) for winning the People’s Choice Award during an award ceremony at the recent Insurance-Canada.ca Technology Conference (ICTC2015) on March 9. The award recognized the company’s accomplishments as related to a core systems modernization project completed collaboratively with EIS Group.
“This was a great success for Industrial Alliance,” said Pascal Lavoie, CTO for IAAH, who was on hand to accept the award, as well as a plaque commemorating IAAH’s recognition as first runner-up in the Insurance-Canada.ca Technology Awards (ICTA). “The IAAH and EIS Group teams worked well together to accomplish some extraordinary goals.”
IAAH’s award submission was based on a core systems modernization effort which minimized business process and customer disruption and also provided IAAH with a digital platform for business growth. A key component of the project was a semi “Big Bang” approach to migration which successfully moved 1.8 million account and customer records and 300,000 existing policy headers to EIS Suite™ for policy administration, billing, claims and customer management. This comprehensive project was accomplished via Lean and Agile project management approaches which allowed for an iterative process that drove good design, efficient implementation management and rapid testing of the new system across IAAH’s auto and home products.
The ICTA program recognizes significant achievements by Canadian insurance and reinsurance companies done in-house or with the assistance of technology vendor partners. All categories are judged by a panel of leading industry analysts, experts, editors and association staff with an eye toward innovation, benefits realized, and positive impact on overall company operations.
“Industrial Alliance is an important customer-partner for EIS Group and we are very pleased their project has been recognized by the Canadian insurance industry as a standout example of what you can do with technology,” said Alec Miloslavsky, CEO and executive chairman for EIS Group.
About iA Financial Group
iA Financial Group is a trademark under which Industrial Alliance Insurance and Financial Services Inc. operates in Canada and the United States. This new brand name may also be used to collectively refer to all companies under the Industrial Alliance group banner, including Industrial Alliance Insurance and Financial Services Inc. and its subsidiaries. Founded in 1892, iA Financial Group offers life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the fourth largest life and health insurance companies in Canada and one of the largest publicly-traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
About EIS Group, Inc.
EIS Group, a global provider of insurance core systems, provides capabilities to insurers that enable growth and help them meet their goals for operational and cost efficiency. Customers deploy our multi-line platform to achieve rapid and scalable solution implementations. The EIS Suite™ component solutions – PolicyCore™, BillingCore™, ClaimCore™ and CustomerCore™ – offer the industry’s most complete end-to-end capabilities, including rating, underwriting, policy administration, claims, billing, distribution management and CRM. EIS Group is headquartered in San Francisco with operations in North America, Latin America, Europe, and Asia Pacific. Please visit www.eisgroup.com for more information.
Source: EIS Group, Inc.