The Earnix Blog: Resources for Insurance and Banking Leaders
May 27, 2024
By Earnix Team
There is no more important set of decisions in the insurance business than pricing. Price too low, and you’ll invite financial disaster when claims overwhelm premiums. Price too high, and you’re sure to lose business to competitors. No matter where you land on that spectrum, price and risk must be precisely balanced to ensure business success.
May 15, 2024
By Earnix Team
Model Accelerator gives insurance analytics teams newfound freedom to choose whatever tools they prefer for modeling, incorporating virtually any model from other frameworks and formats, including transformations.
When combined with Earnix Price-ItTM and Earnix Underwrite-ItTM, teams can leverage their past investments in models, including those currently in simulation and production, adding to their agility and flexibility, and reducing the time required to react to market changes, including competitive actions.
May 7, 2024
By Jimmy White & Luba Orlovsky
Multi-Rule Execution, a recent enhancement to the Earnix solution set, is poised to allow carriers to dramatically “up their games.” Insurers can now give customers the power to change their policy provisions on their own, avoiding the headache of unexpected premium adjustments. Consumers can adjust coverages online, add new items to their policies, or alter the set of covered individuals, all in a fully-governed way, thanks to this new flexible rule mapping capability.
May 1, 2024
By Earnix Team
Insurers must consider economic factors, reinsurance arrangements, technological advancements, and customer preferences when setting premiums to accurately reflect risks while remaining competitive and compliant with regulations.
April 16, 2024
By Earnix Team
As insurers seek the enormous business benefits of dynamic pricing, personalization, and real-time risk assessment, they inevitably turn to artificial intelligence (AI) as their “go-to” technology.
March 28, 2024
By Earnix Team
In the quest to be agile, insurers need the ability to experiment and innovate with machine learning models in a mode that gives them maximum flexibility. Earnix Model Accelerator extends the capabilities of the Earnix platform, and is designed to streamline the process of building and incorporating advanced models,.