EIS Group, a core and digital platform provider for insurers, has joined forces with EPAM Systems, to enable insurers to ramp up digital transformation initiatives in the UK.
EPAM Systems, a provider of digital platform engineering and software development services, will support insurers implementing EIS’ core and digital solutions in the country.
The partnership will work towards addressing the need to build an agile platform for insurers that is driven by both cloud and open APIs, offering flexibility to end customers.
EPAM global business co-head Balazs Fejes said: “The insurance sector is currently facing disruption from many angles—changing consumer needs, inflexible legacy IT infrastructures, increasing competition by Insurtech and an evolving regulatory landscape.
“To ensure they thrive, insurance companies across the UK must continue to evolve their business.
“For this reason, we’re excited to partner with EIS Group in delivering digital solutions to help insurers bring new services and products to market quickly, without introducing additional risk, and allow them to stand out from the competition.”
The partnership will leverage EIS’ cloud-based coretech platform that utilises open APIs to create and deploy new insurance products.
On the other hand, it will leverage EPAM’s industry knowledge and implementation methodology to address the changing needs of today’s customers.
EIS Group EMEA head Olivier Vaysse said: “EPAM’s wealth of experience in engineering and software implementation and services will be of high value and quality to our mutual customers.
“This stands alongside exceptional digital design and delivery competencies that will be critical as insurance companies try to adapt to the changing needs of the consumer who is looking for more personalised offers and experiences.”