The Earnix Blog: Resources for Insurance and Banking Leaders

Recent research shows that 74% of insurance companies still use outdated, legacy technology for pricing, rating, underwriting, and other vital insurance processes.  

This finding was reinforced in the Earnix 2024 Industry Trends report. While we asked the question slightly differently – “How urgent is the need for insurance operations modernization technology at your company?” – we heard similar feedback. The vast majority of insurers reported that this is a major challenge within their organization. 

In the fast-paced and highly competitive world of insurance and banking/lending, staying ahead of the curve is more critical than ever. The Earnix Copilot can answer questions, provide recommendations on best practices, and generate code to automate your processes in the Earnix platform.

What’s the best way to handle the analytical challenges facing insurers and banks today? We at Earnix believe it starts with asking the right questions, challenging assumptions, and finding innovative ways to move forward. 

The insurance industry is undergoing a significant transformation, largely due to the integration of advanced AI technologies. In this video, Adrian Coupland, Head of EMEA, Insurance, discusses how Earnix is helping insurers with AI-based platforms, the challenges posed by legacy systems, and the importance of modernization in the insurance sector.