Five Insights Gleaned from the Casualty Actuarial Society Ratemaking, Product, and Modeling Seminar
Earnix recently attended the Casualty Actuarial Society Ratemaking, Product, and Modeling Seminar (CAS – RPM) event in Chicago, Illinois. While the conference covered many innovative topics on trends in telematics, usage-based insurance, and regulation – Earnix was there to present specifically onRead More »
Machine Learning for Financial Services: Hype or Reality?
There’s an ongoing debate as to whether new trends in machine learning are mere hype or are actually providing tangible business value and helping shape financial services pricing and offering strategies. A survey of about 200 global insurance professionals conducted by EarnixRead More »
Powerful Agents: Insurers, optimize your renewal pricing through agent cooperation
An independent insurance agent can be a carrier’s best friend. But sometimes that same agent can also be a thorn in its side. In some markets, agents can discount the rate from the technical price developed by the insurer. This blog addressesRead More »
Are You Ready for the Evolution-Revolution Mindset?
This is the year in which a new mindset will take hold—and large financial services companies better be ready to embrace this new way of thinking. We’ve seen the arrival of countless startups in the industry that have the capability to transformRead More »
Customer Experience and Machine Learning: Future Roadmaps
In my first blog post on the topic – Customer Experience and Machine Learning: Practical Applications – I discussed how machine learning techniques are being used today by financial services organizations to achieve business benefit. Insurers and retail banks are using machineRead More »
Customer Experience and Machine Learning: Practical Applications
The notion of using analytics to improve customer experience has changed the landscape and thought process of businesses over the past several years. As machine learning becomes further democratized, or more pervasively available, it is making its way into many enterprise softwareRead More »
Telematics: Transforming the Old World of Insurance Underwriting with New Data
A data-connected automobile generates some 25 gigabytes of data every hour. That’s equal to about a dozen HD movies and more than the storage capacity of most smartphones. We know what the car is telling the network–everything from route, speed and evenRead More »
Personalized Customer Analytics: The Key to the Future
As the Chief Analytics Officer for Earnix, a Tel Aviv-based provider of advanced analytics solutions for the financial services industry, I am focused on how financial services companies can use data and analytics to figure out what their customers really want andRead More »
Off-line vs Real-Time Analytics: Where is the Industry Heading?
Financial institutions are demanding real-time analytics at their point of customer interactions. For years, we have been advising our clients to connect their front-end customer facing systems with real-time pricing analytical capabilities, or at least lay the foundations to enable this capabilityRead More »
Are You Making these 7 Mistakes When Deploying Your Models?
I am always excited to see more organizations wanting to use analytical models at the center of their business processes. Like most things in life, the road to success is not straight; sometimes there are a few road bumps to navigate. TheRead More »