EIS acquires Lemonade’s Enterprise Business Solutions, expanding its Coretech platform. The deal adds a SaaS-based claims automation and fraud detection system to EIS’s existing technology suite. The acquisition strengthens EIS’s capabilities in digital claims processing for enterprise clients.
Lemonade completes the sale of Metromile’s Enterprise Business Solutions (EBS) platform to EIS. The SaaS-based system automates claims processing and detects fraud for large insurance carriers. Metromile originally developed EBS as part of its own insurance operations.
Metromile Enterprise partners with Dwolla to automate insurance claims payments for insurers. The integration enables digital, real-time payouts, improving claim resolution speed and accuracy. This move supports insurers in streamlining financial transactions for policyholders.
Metromile, a pay-per-mile auto insurer, completes its business combination with INSU Acquisition Corp. II, becoming a publicly traded company. The deal allows Metromile to trade on Nasdaq under the ticker **MILE**. The transaction was sponsored by Cohen & Company, LLC, a subsidiary of Cohen & Company Inc.
