The Earnix Blog: Resources for Insurance and Banking Leaders

Person Holding A Green Plant

February 22, 2024

By Earnix Team

Let's take a closer look at five additional topics and statistics, following our annual research report, “Insurance Operations in a Changing Industry,” which is based on survey results from nearly 400 global insurance executives.

Profits Lead to New Challenges

February 12, 2024

By Earnix Team

Many insurers are now getting back on track after suffering some of the worst years in their history. Rate increases are also expected to play a role, especially for home insurance premiums. In 2024, many insurers are planning to increase national premiums in the low double digits. These gains can come at the cost of real pains for home and auto insurance customers. Policyholders will now face much higher, even exponential prices for home and auto insurance.

Great Expectations Drive Great Outcomes

January 29, 2024

By Osnat Yanushevsky Yacoby & Doug Wing

We live in a world of high and ever-increasing expectations. In our personal lives, we expect products and services to meet and exceed expectations. In our professional lives, especially when dealing with vendors and partners, the same applies.

Synthetic Data Generation and Its Key Benefits in Insurance

January 10, 2024

By Chen Ben Gal

We will focus on some of the technical aspects behind the generation of Synthetic Data, present some detailed information as to its effectiveness in mimicking original data statistical properties, and present some interesting applications which go beyond replication of the original data.

Why Insurers Prioritize Profitability Over Growth

December 13, 2023

By Earnix Team

As insurers continue to face lingering economic conditions and challenging markets, they are devising new strategies in response. One interesting shift is insurers’ increased focus on profitability instead of growth.

Personalization in Insurance: Insights from Industry Leaders on Driving Customer Engagement

November 22, 2023

By Earnix Team

The insurance industry is undergoing a profound transformation, driven by global events and changing customer expectations. It is crucial for carriers to adopt new strategies, leverage data insights, understand customer behavior, and embrace technology to navigate these changes successfully.