Paving the Way for Double-Digit GWP Growth in Aggregator Markets

December 18, 2023

By Equipo de Earnix

Aggregators, or price comparison platforms, offer consumers more choice, and a method of directly comparing options for a given type of insurance. The rankings that result from entering a few bits of personal or property information are most often presented in descending order by price.

Why Insurers Prioritize Profitability Over Growth

December 13, 2023

By Equipo de Earnix

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.

Target Encoding Applied to Insurance: Squeezing More Value from Your Data

December 11, 2023

By Luba Orlovsky

In the dynamic world of insurance, predicting risk and demand for policies accurately is paramount. By applying machine learning (ML), insurers are now better equipped than ever to make these predictions with confidence as they seek to increase revenue, improve profitability, and manage risk.
Personalization in Insurance: Insights from Industry Leaders on Driving Customer Engagement

November 22, 2023

By Equipo de Earnix

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.
The Impact of Climate Change on the Insurance Industry

November 15, 2023

By Equipo de Earnix

As global temperatures rise, the occurrence of extreme weather events such as hurricanes, wildfires, floods, and droughts becomes more frequent and intense. This increase in natural disasters leads to higher insurance claims and makes it more challenging for insurers to accurately assess and price risks.

The Rise of Synthetic Data

November 13, 2023

By Equipo de Earnix

Data is an invaluable asset in any business, but particularly in businesses such as insurance and banking, where the products are intangibles, instead of physical goods. Much of these businesses’ revenue, profitability and market share are driven by using data as a competitive weapon.