BOSTON – April 16, 2025 – Earnix, a leading global provider of intelligent decisioning SaaS solutions for regulated industries, today announced the launch of Filing Accelerator, a new add-on module in Earnix Price-It, designed to streamline the generation of filing documentation needed for filing proposed rate changes with departments of insurance in North America, as well as provide rate documentation needed by any insurer for internal audits, reviews, or approvals. This codeless user interface empowers filing teams, state product managers, and pricing teams to minimize the risk of costly errors and fines, improve speed-to-market for rate changes, and add more sophistication to their rating algorithms with confidence.
Filing Accelerator unifies the output from pricing models, in-production rates, and regulatory filing documentation into a single platform, thereby improving the accuracy of rates filed with departments of insurance as they directly reflect the rates in the production rating engine. Additionally, it provides a log of all generated documents, providing a detailed record of filing changes that ensures high traceability.
"In the Earnix 2024 Industry Trends Report, nearly half of respondents said their companies had to pay regulatory fines or issue refunds due to errors. We've also heard from insurers that, before implementing Earnix, filing errors were costing them hundreds of thousands to millions of USD in fines or refunds each year, and they were spending significant time preparing documentation to support internal pricing change discussions," said Be’eri Mart, Chief Product Officer at Earnix. "Filing Accelerator improves accuracy and efficiency, allowing our customers to focus on product innovation and bring rate changes to market faster and with greater precision."
Earnix customers in North America have experienced dramatic improvement in reducing regulatory filing process error rates, including a reduction to less than 0.5% for many. With the introduction of Filing Accelerator, insurers worldwide now can utilize the new point-and-click UI with more speed and ease to minimize errors in their rate documentation, further enhancing their operational efficiency, profitability, and compliance if their market is regulated.
To learn more about Filing Accelerator, visit the webpage.
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CONTACT:
David Howland
Chief Marketing Officer
press@earnix.com