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Earnix Integrates Risk and Behavior Modeling to Enable All-Encompassing Optimization of Insurance Pricing
Earnix Solution Combines Advanced Risk and Behavior Modeling Technology with Powerful Visualization and Service Oriented Architecture
New York, New York (PRWEB) May 27, 2009 – With the introduction of its Risk Premium Modeling solution, Earnix is now enabling insurance companies to achieve greater optimization of pricing by integrating risk and behavior modeling.
The Earnix Risk Premium Module empowers actuaries and insurance pricing analysts to attain more accurate results faster and easier by utilizing advanced modeling techniques such as Generalized Additive Models (GAM) based on Smoothing Splines, Regression Trees, and Multinomial Logistic Regression.
Users can take advantage of a wide range of charts with drill-down capabilities to evaluate and compare models and quickly zero-in on the best options. They can also use their standard corporate business intelligence tools to create additional customized graphs and reports based on data from the Earnix solution.
Configurable server architecture enables parallel processing on multiple CPUs to provide fast and reliable results. Using Service Oriented Architecture (SOA), the solution can be easily integrated with existing systems.
“True optimization of prices requires the ability to combine the modeling of risk with the understanding preferences for each customer,” said David Schapiro, Earnix’s Chief Executive Officer. “By offering an integrated platform that combines risk and behavioral modeling, we are enabling insurance companies to take pricing optimization to the next level.”
A brochure describing the Earnix Risk Premium Module is available for download at http://earnix.com/wp-content/uploads/2011/12/RPM_graph1.gif. For additional information, please contact your local Earnix office.
Earnix is a leading provider of customer value and pricing optimization solutions for insurers and banks. Earnix solutions are used by leading financial services companies worldwide to optimize customer relationships and drive significant improvements in profitability. The company is led by a team of seasoned professionals with significant financial services background combined with expertise in optimization technology and enterprise software development. Earnix is privately held and funded by prominent venture capital firms. For more about Earnix please visit www.earnix.com.