The Earnix Blog

Model Accelerator gives insurance analytics teams newfound freedom to choose whatever tools they prefer for modeling, incorporating virtually any model from other frameworks and formats, including transformations.

When combined with Earnix Price-It^TM and Earnix Underwrite-It^TM, teams can leverage their past investments in models, including those currently in simulation and production, adding to their agility and flexibility, and reducing the time required to react to market changes, including competitive actions.

Multi-Rule Execution, a recent enhancement to the Earnix solution set, is poised to allow carriers to dramatically “up their games.” Insurers can now give customers the power to change their policy provisions on their own, avoiding the headache of unexpected premium adjustments. Consumers can adjust coverages online, add new items to their policies, or alter the set of covered individuals, all in a fully-governed way, thanks to this new flexible rule mapping capability.

As insurers seek the enormous business benefits of dynamic pricing, personalization, and real-time risk assessment, they inevitably turn to artificial intelligence (AI) as their “go-to” technology.

Today there’s a new opportunity to take advantage of new innovations and capabilities in the insurance industry. AI now plays a crucial role in insurance analytics due to its ability to process vast amounts of data, identify patterns, make predictions, and automate tasks.