There are legacy core systems, and then there’s modern legacy core systems. To be clear, neither one is great. If legacy is 1.0, modern legacy is 2.0.
The problem is, truly modern coretech is more like an 11.0 by comparison.
Just because most insurers have already dumped the green screens of decades past, that doesn’t mean they’ve escaped the time- and resource-consuming bottlenecks of legacy systems.
Modern legacy systems might look newer, and might even present as modular-ish, but under the surface, they’re still holding insurers back from the innovation they need to stay relevant.
They pretend to be “up to speed,” but they still slow you down and keep you behind your competitors.
If this sounds familiar, your current tech stack was probably a big leap forward 10-15 years ago, and it probably does still work. But if you’re honest, “it works” and “it helps us stand out in the market and future-proof our business” aren’t the same thing.
If your core platform:
- Struggles to connect with new partners quickly
- Requires custom code for every integration
- Forces your teams to bolt on clunky new tools just to handle claims or billing in ways modern customers prefer
- Limits your ability to personalize customer experiences
- Makes your next product launch feel like open-heart surgery
You’re paying the hidden price of a modern legacy core system, and it’s costing you more than money. It’s costing you agility, growth, speed to market, and customer loyalty.
Why EIS OneSuite Exists
EIS OneSuiteTM was designed from the start to get insurers out of the trap of “modernized” legacy systems.
It’s not a band-aid for legacy software, nor is it a set of nice add-ons pretending to be a platform. It’s a full-stack, cloud-native SaaS core system built for growth, speed, and connection — things modern legacy can’t deliver.
EIS OneSuite can be deployed across any line of business, has 9,000+ APIs, and has MACH-based architecture certified by the MACH Alliance for a truly future-proof setup. It integrates policy, billing, claims, and customer engagement into one cohesive, native experience that works the way your business needs.
OneSuite Components are Built for True Business Growth, Not Just Survival
Let’s break down the core components of EIS OneSuite, and how they drive real growth for insurers in all lines of business:
- PolicyCore® is built for agile lifecycle and product management, so you can launch new products quickly, or update existing products without kicking off a full-fledged IT project.
- ClaimCore® uses automation, real-time data, and smart workflows to process claims more efficiently. This reduces overall loss adjustment expense (LAE), and builds trust by giving customers more transparency into the claims process.
- BillingCore® helps insurers deploy billing as a growth enabler. Cycle management, reconciliation, and delinquency tools give you full control and visibility into your revenue from billing, enabling smarter business decisions.
- CustomerCoreTM provides a clean, unified view of each customer and every interaction they have with you — regardless of policy. Built to provide fluid data, it helps you deliver personalized experiences and offers at scale.
In addition to the core of EIS OneSuite, insurers can deploy any of our natively-built platform enhancements to make their operations even more efficient and innovative. Some of these include:
- Portals create customized, intuitive user experiences for each persona type in your ecosystem.
- Compensation Manager lets you configure and manage producer commissions with flexibility and precision, and gives them the transparency they crave.
- Advanced Data & Analytics unlocks deeper, more up-to-the-moment insights across your organization. It integrates with data from EIS and your wider analytics stack.
And because it’s SaaS, you can scale up, configure what you need, and get to market faster.
For more details on what’s included in EIS OneSuite, and more detail on our platform enhancements, download the overview here.
Make Your Core System an Accelerator, Not an Anchor
The choice to keep and maintain an out-of-date modern legacy system goes beyond the productivity bottleneck of not getting to market quickly.
With an out-of-date system, it also means that you’re continually pouring more time, budget, and attention into technology that simply isn’t architected for today’s needs. Your speed of innovation will be far lower than it could be. And you’ll burn cycles on tech workarounds that’ll become outdated in just a few years’ time.
Adapting to a new core system made for the future isn’t about change for change’s sake. It’s about having a system that actually lets you grow.
EIS OneSuite helps insurers:
- Scale their operations up or down on a dime with a truly cloud-native architecture
- Integrate with any partner via a strong API library (9,000+ and counting!)
- Save loads of time and manual labor thanks to workflow efficiencies EIS OneSuite provides
- Build and update transparent, intuitive interfaces for customers, partners, and internal employees
And it comes with robust security, built-in analytics, and drag-and-drop configuration.
Get the EIS OneSuite Product Overview
Want to stop fighting your core system? Start here to see how EIS OneSuite helps you do it:
(And learn how you don’t have to do it all at once, but can take a more measured, modular approach to digital transformation and implementation here.)
