HiRoad Deploys EIS Group's Insurance Platform for Innovative D2C Offering

SAN FRANCISCO, April 16, 2018 (GLOBE NEWSWIRE) -- HiRoad Assurance Company, a behavior-based car insurance company, has utilized EIS Group's digital insurance platform as part of their solution for reinventing insurance to recognize and reward the good choices drivers make every day.

HiRoad has used the EIS insurance platform to introduce its innovative telematics-based auto product that rewards drivers every month based on driving behavior. With the ability to switch in just minutes and manage everything from an app, customers can save up to 50% every month based on how much and how well they drive.

"By creating a model that recognizes and rewards smarter choices, we're helping our customers' wallets while inspiring a better world," says Steve Harris, Vice President at HiRoad. "We selected the EIS core platform to help enable our new smartphone-centric approach to insurance. EIS's flexible platform supports our approach to reward mindful drivers, and allows us to innovate across the insurance experience to serve our customers better."

HiRoad has deployed the EIS Suitetm components PolicyCore^®, BillingCore^® and ClaimCore^® in conjunction with EIS^® DXPtm as its platform for policy administration, product development, billing, claims and customer management. The platform can also support HiRoad's introduction of additional insurance offerings in the future.

These key EIS Suite capabilities support HiRoad's direct-to-customer business:

• Flexible policy, billing, and claims management that supports usage-based insurance.
• Flexible product configuration for rapid development and introduction.
• Support for data-driven underwriting and pricing that incentivize positive choices by customers for themselves and their community.
• Extensive set of policy, billing and claims APIs to support digital customer engagement.
• Platform architecture designed to enable fast integrations and scale to demand.

"HiRoad is in the vanguard of insurers designing insurance for the mobile-first customer. We are honored to have been chosen to support their exciting initiative," says Alec Miloslavsky, CEO, EIS Group. "EIS Group shares HiRoad's enthusiasm for creating innovative solutions that meet the evolving needs of a new era and we are looking forward to supporting their journey."

About HiRoad

HiRoad is reinventing insurance to recognize and reward the good choices people make every day, so they can lower their bill and benefit those around them. We're starting with car insurance, but we're offering a different approach than a traditional policy. Using leading edge technology, we provide our customers real-time feedback on their driving so they can drive down their rate and help build a world where doing right pays off for everyone.

Established as a separate company in the State Farm^® family of companies, HiRoad began selling policies in 2017 and is now available to all of Rhode Island.

For more about us, please visit HiRoad.com.

About EIS Group

EIS Group^® core systems and digital solutions empower Property/Casualty and Benefits insurers to innovate freely with products, channels, and the customer journey. EIS^® customer-centric solutions support rating, underwriting, policy administration, claims, billing, distribution management and customer engagement, and are enabling insurers around the world to build stronger, more competitive insurance businesses. And customers gain exceptional speed to value by leveraging EIS Group's Agile, cloud-based delivery approach. EIS Group has operations in North America, Latin America, Europe and Asia Pacific. For more information, visit www.eisgroup.com and follow us on Twitter @EISGroupLtd.

Media Contact:
Kevin Haydon
EIS Group
+1.845.797.2976
[email protected]