The Earnix Blog: Resources for Insurance and Banking Leaders

Driving Financial Service Excellence Through Dynamic Decisioning & Analytics

August 15, 2022

By Earnix Team

In order to capture the full business value of their efforts, financial services firms need to take a more holistic view of transformation. They need to ensure that they are covering the entire customer lifecycle, and that the effort encompasses the entire organization. Only then can they become truly connected, agile, and resilient.

Using Analytics to Deliver Personalized Insurance Products at Scale

April 1, 2022

By Hen Fridman

20 years ago, Jeff Bezos said “personalization is when you go into a bar and sit down and the bartender puts a whiskey in front of you without having to ask what you want.” Since he said those words over two decades ago, personalization has become popular across industries - from retail to aviation, ...

Why Actuaries are Crucial for Value Creation in Insurance

July 19, 2021

By Rick de Jager & Jurjen Boog

Insurers are confronting change and reinventing themselves to meet economic pressures and changing client needs. Customers are expecting the same level of convenience and customer experience as with online shopping. Consumer use of mobile devices is shifting. Initially fed by the need for sustainabi ...
Data Codes through Eyeglasses

July 6, 2021

By Luba Orlovsky

Imagine you have a magical tool that allows you to build a perfect model of the world – as precise as you wish. A model that can give you all the answers about the future. It can tell you anything! Just ask, “Is it going to rain tonight?” Or even better, “What will the price for oil be tomorrow?” An ...
People Near Table

April 8, 2021

By Earnix Team

Price guarantees, the ‘we won't be beaten on price and cash rewards’ attitude are some of the standard marketing practices in the UK insurance market, putting the focus solely on price and pricing. This has forged a disconnect between what consumers want and what insurers and brokers are providing, ...
A Worn Out Yellow Pencil in Close Up

March 5, 2021

By Earnix Team

One would think that with all the digital advancements of the past few years, human error as such has been obliterated from the rating/pricing process. But when it comes to pricing, it still plays a powerful role. One that carries a significant business cost. The ambitious goal to minimize (or, idea ...