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What is Practo Insura?

Practo Insura is a cutting-edge modular platform tailored for property and casualty insurance, enabling insurers, managing general agents, and reinsurers to oversee the full lifecycle of policies, billing, and claims. This platform allows teams to quickly introduce new insurance offerings, modernize legacy processes, maintain compliance across various states, and reduce manual interventions while overcoming operational challenges. The key features of Practo Insura encompass: • Extensive policy administration that spans from issuance to renewal • Streamlined billing and payment systems, which cover premium billing and collections • Integrated claims management that simplifies the entire journey from the initial notice of loss to final resolution • Sophisticated rating engine and quote management capabilities • An intuitive portal for insured clients paired with a consumer-facing point of sale interface • A specialized agent portal that includes quote-to-bind functionalities • Comprehensive compliance and filing workflows to support state expansion and regulation of rates/forms • In-depth reporting and operational analytics tools This platform not only boosts operational efficiency but also enables insurance professionals to prioritize providing outstanding customer service, ultimately leading to improved client satisfaction and loyalty.

What is EIS Suite?

EIS provides an advanced, cloud-native, API-first SaaS solution specifically designed for the insurance sector, enabling agile insurers to innovate as swiftly as a tech company. This all-encompassing platform supports a wide array of business lines, including group benefits, property and casualty, life and annuities, as well as protection. Featuring an architecture that is open, event-driven, and capable of real-time responsiveness, EIS empowers insurers to boost their agility and operational effectiveness, which in turn allows for rapid innovation, accelerated product launches, and the generation of new revenue streams while promoting customer-centric insurance solutions. The platform includes critical core systems such as PolicyCore for policy administration, BillingCore for billing management, ClaimCore for handling claims, and CustomerCore for relationship management, all of which can operate independently or together as a cohesive suite. This ensures smooth end-to-end support throughout the entire insurance process, from policy management and underwriting to claims handling, billing, and customer engagement. By utilizing this powerful platform, insurers are better equipped to adapt to market changes and significantly improve their service offerings. Ultimately, the capabilities provided by EIS make it a vital asset for any insurance provider aiming to thrive in a competitive landscape.

Media

Media

Integrations Supported

EIS BillingCore

Integrations Supported

EIS BillingCore

API Availability

Has API

API Availability

Has API

Pricing Information

$50,000/year
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Practo Insura

Date Founded

2023

Company Location

United States

Company Website

practoinsura.com

Company Facts

Organization Name

EIS

Date Founded

2008

Company Location

United States

Company Website

www.eisgroup.com

Categories and Features

P&C Insurance

Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Marketing Automation
Policy Management
Quote Management
Reinsurance Administration
Underwriting Management

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