Tuesday 22 June 2021

*UKHotViewsExtra* EIS discovers an industry eager to change

Until recently, it was perhaps true to say that the insurance sector was somewhere around 2 or 3 years behind the curve in terms of digital transformation relative to initiatives occurring in the banking sector. However, driven in part by the pandemic, the pace of change in the insurance sector has accelerated considerably and the gap has closed markedly.

Alec MiloslavskyTo discuss the recent uptick in transformation initiatives, I caught up with Alec Miloslavsky (pictured), the founder and CEO of SaaS insurance software specialist EIS. Following its rapid growth in the US, the vendor has been attracting attention in the UK, having recently secured a number of high-profile new clients and partners.

Alec is a technology entrepreneur with an impressive record of success. Alec co-founded Genesys Telecommunications Laboratories, a company he helped lead through a successful IPO and subsequent sale to Alcatel for $1.9bn at a 30x premium. Prior to EIS, Alec was Chairman and CEO of Return on Intelligence, a company he also helped found and that has since grown to an enterprise with revenue exceeding $70m.

HVPTechMarketView clients including subscribers to FinancialServicesViews and UKHotViews Premium can learn more via UKHotViewsExtra (see: EIS discovers an industry eager to change).

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Posted by Jon C Davies at '08:42' - Tagged: financialservices   insurance   EIS