EIS Acquires Metromile's Enterprise Business Solutions.
MANews-(C)2009-2022
San Francisco-based insurance platform provider EIS has acquired SaaS-based claims automation and fraud detection solution Metromile's Enterprise Business Solutions (EBS) from New York-based insurance provider Lemonade, the company said.
Terms of the transaction were not disclosed.
The acquisition of the EBS assets will expedite EIS' continued acceleration into new markets, bolstering its data science capabilities while offering additional insurtech solutions to current and future customers.
EIS will continue to build on EBS' advanced technology and apply the same to additional applications, product verticals, and geographies that EIS serves globally.
Lemonade...
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