The Earnix Blog

As the electric vehicle (EV) sector continues to expand, insights reveal a significant shift towards leasing options over traditional loans, especially amidst a slowdown in sales growth in 2024. This trend underscores the necessity for auto lenders to implement advanced, AI-driven strategies to effectively navigate the evolving landscape and manage risks associated with financing electric vehicles.

Managing general agents (MGAs) are currently grappling with outdated pricing models that lead to inefficiencies, errors, and difficulties in adapting to market changes. By leveraging advanced technology platforms such as AI and real-time data analytics, MGAs can transform their pricing strategies, enhance accuracy, and strengthen their partnerships with insurers, ultimately securing a competitive advantage in an increasingly challenging marketplace.

The Earnix Filing Accelerator is our new codeless interface that simplifies the creation of filing documentation for proposed rate changes with departments of insurance in North America and can also be used to generate rate documentation needed by any insurer across the globe for internal audits, reviews, or approvals.

Managing General Agents (MGAs) are facing increasing capacity challenges due to rising inflation, geopolitical instability, and evolving risk landscapes in the insurance market. To thrive, MGAs must enhance profitability and operational efficiency while leveraging technology and data-driven insights to strengthen relationships with insurers.