Earnix Analytics in Action

For Insurance For Banking

Challenge

World-class data science, analytical modeling tools, and machine learning capabilities for delivering the right financial product to the right person, at the right price, and at the right time.

Overview

Innovation Track Record

Earnix has been consistently innovating for Banks and Insurers around the globe for over 18 years, helping financial institutions solve the most complex pricing challenges, and today also their product personalization challenges. Our consulting teams are experts in operational and regulatory aspects of the financial services industry. We work with you to develop pricing and personalization programs backed by best in class data science, analytics, and machine learning.

Best in Class

Making the right pricing strategy decisions and delivering the right offer to the right person at the right time is based on analytical decision models, as opposed to business rules, excel spreadsheets, or gut feel. Predictive and Prescriptive analytical techniques such as modeling, forecasting, optimization, decision trees, and neural networks all play a part. With the clarity and confidence that comes with advanced analytics, decisions can be made, governed and acted upon quickly and efficiently, resulting in higher product uptake while staying aligned with your pricing strategy and business goals.

BUSINESS BENEFITS OF BETTER SCIENCE

WORLD-CLASS ANALYTICS

With accurate insight coming from world-class data science, analytical modeling, and integrated machine learning, the most complex business challenges can be addressed. Earnix solves pricing and product personalization challenges using analytics to provide better answers across the organization.

SYSTEMIZED PROCESSES PROVIDE AUTOMATION

Creating processes that are consistent and repeatable is the key to the automation of analytical personalization projects. Earnix makes it easy to follow the process for moving from data to insight via a single insurance personalization analytics software suite.

INSIGHT AND AUTOMATION INCREASE SPEED TO DECISION

Depth of insight and automation via process systemization gives pricing and product professionals the power to make decisions quickly. Gone are the days of multiple committees needed for a pricing or product decision to be made.

FASTER SPEED TO DECISION IMPROVES TIME TO MARKET

With the ability to make pricing and product business decisions quickly, changes that need to be deployed to the marketplace, whether price or product related, can be done rapidly – improving overall organizational agility.

QUICKER TIME TO MARKET IMPROVES CONSUMER EXPERIENCES & BUSINESS RESULTS

Quicker time to market results in what Earnix calls a win-win, where the consumer receives a better experience through a more personalized offering suited to their unique needs and businesses see optimized results.

SCIENCE IN OPERATION – OUR LATEST ANALYTICAL ADVANCEMENTS

First Mover Advantage

Earnix Labs, a method to deliver innovative new features in beta to Earnix users, has recently been introduced to speed analytical advancement at leading Insurance and Banking Institutions. These innovative new features simplify once complex and difficult to solve business challenges around personalization in banking as well as personalization in insurance. 

The Best of Both Worlds

Get the transparency and predictability of classic generalized linear models with the flexibility and automation of machine learning models.

Monitor Market Strategies

Being able to simulate the effects of changes to price and product offerings for better decision support is only valuable in you can monitor their success. Earnix has enhanced the monitoring of pricing strategy deployments to the marketplace for improved business results – through new features like rank optimization.

Dynamically React to Market Changes

What happens when market demand changes faster than your pricing strategy? In countries where regulation permits dynamic price tuning, you can adjust as needed. You can also save changes for future use with quote saving functionality – all from a single pricing and product personalization software Interface.

SEE WHAT EARNIX ANALYTICS CAN DO FOR YOU

Contact Us For Insurance For Banking

New at Earnix

Earnix Price-it Rating Engine Brochure

Read about the Earnix Price-it capabilities as a product pricing engine for insurers around the world.

Learn more

Our Latest Blog

Blog: Can Banks Disrupt the Digital Disruptors?

Find out about the new approach to banking, where personalization is key.

Read now

Events

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Check out where you can meet Earnix in the coming months.

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