The Earnix Blog: Resources for Insurance and Banking Leaders

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Pricing Intelligence – the Future is Now

August 14, 2024

By Earnix Team

Pricing intelligence solutions, powered by artificial intelligence (AI) and machine learning (ML), are transforming insurance, enabling carriers to make smarter, data-driven pricing decisions in real-time to stay competitive and maximize profitability.

Featured content

Personalization in Insurance: Where Insurers Are vs. Where They Can Be

Earnix and Its Strategic Partners

10 Insurance Industry Statistics Regarding Modernizing Operations

Streamlining Consumer Lending: Pricing Analytics & Credit Risk Decisioning on a Single Platform

October 1, 2024

By Noga Aloni

We're proud to introduce Earnix Lending Plus, an AI-driven software solution that offers combined pricing optimization and credit risk decisioning on a single platform.

Pricing Strategies in Consumer and Auto Lending

September 12, 2024

By Earnix Team

Today's landscape of consumer and auto lending is increasingly influenced by heightened margin pressures and rising loan risk due to increased delinquencies and declining affordability. With high interest rates shaping the sector, understanding how your loan pricing strategies stack up against the competition is essential.

Pricing Software and Beyond: Build vs. Buy

August 11, 2024

By Sean Johnson

If you are facing with a choice of building vs purchasing an off-the-shelf pricing analytics software, this blog post will help you understand the pros and cons of both and present them to your management and IT teams.

AI ethics or AI Law concept. Developing AI codes of ethics.

The Need for Fair and Ethical AI in Insurance

July 15, 2024

By Earnix Team

AI is revolutionizing the insurance industry today by enhancing underwriting, claims processing, customer service, and product development. Yet the rapid advancement and widespread of adoption of AI in the insurance industry leads to new questions about the potential for biases and discrimination – as well as AI’s overall implications for insurers.

Pricing Optimization for Tough Markets: Four Use Cases for Auto Lenders

July 1, 2024

By Earnix Team

Some of the top challenges experienced by the auto finance companies worldwide – such as declining loan profitability, compliance and audit issues, rigid pricing structures, and difficulty forecasting pricing scenarios and outcomes – can and should be addressed by a modern pricing analytics engine like Earnix Price-It.

When It Comes to Synthetic Data in Specialty Markets, FOMO is Real

June 26, 2024

By Aakash Shirodkar

The use of synthetic data has expanded greatly the options in the world of analytics and data science, and has found traction in many corners of the insurance industry. It has yet to find wide usage in specialty markets. In these markets, failure to take full advantage of synthetic data runs the risk of suboptimal decisions and the resulting negative impacts to profitability.