Introducing the Earnix Copilot: Your AI-Powered Digital Agent for Pricing and Underwriting
Jimmy White
February 18, 2025
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In the fast-paced and highly competitive world of insurance and banking/lending, staying ahead of the curve is more critical than ever.
Today’s modern pricing, rating, and underwriting platforms are already delivering significant value in making insurers, banks, and lenders more efficient and smarter in how they operate, allowing organizations to launch new forms of coverage or loan products in weeks instead of in months or years, and to make changes to existing pricing and underwriting rules in minutes.
The rise of generative AI and copilots has fundamentally changed how work is conducted, ushering in a new era of intelligent decision-making. These advancements have transformed the potential value of existing platforms, making it significantly easier for organizations to respond to market changes with greater intelligence and speed.
Today, we are excited to announce the launch of the Earnix Copilot, an innovative generative AI-powered digital agent designed to reshape the way pricing and underwriting teams operate. This generative AI-driven agent is designed to supercharge decision-making within the Earnix platform, driving exceptional business outcomes and unmatched productivity for insurance and banking organizations.
The Earnix Copilot can answer questions, provide recommendations on best practices, and generate code to automate your processes in the Earnix platform. Furthermore, it enhances the user experience of the Earnix platform, and bolsters productivity, efficiency, and accuracy, enabling teams to bring more sophistication and innovation to the product development lifecycle and ultimately exceed KPI goals.
Let’s break down what we’ve released today in more detail:
Key Features of Earnix Copilot
Explain: Whether you're a new user or a seasoned professional, Earnix Copilot can guide you through the intricacies of the Earnix platform with ease. For example, if you need to build a Generalized Linear Model (GLM), Earnix Copilot can provide step-by-step guidance on your core workflow.
Advise: Earnix Copilot offers expert advice on best practices for completing various workflows in Earnix and beyond. For instance, Earnix Copilot can recommend the best roles and responsibilities for deploying a rate change into production, ensuring that the process is smooth and error-free. Since Earnix Copilot has been trained on both internal data from the Earnix
Knowledge Base and on external web-based data, this advice is based on the latest industry trends and best practices, helping your team stay ahead of the competition.
Do: Users can prompt Earnix Copilot to generate Python code to import data for model training; schedule and batch tasks; and, build GLM or other machine learning (ML) models, all with a few simple commands. The output of the code can then be easily tweaked as needed and leveraged to automate various workflows. This capability not only improves efficiency and reduces the risk of errors that can occur with manual tasks, but also opens more of the advanced automation capabilities of the platform to less technical users who don’t have extensive experience coding in Python.
Two Flavors of the Copilot
To deliver on these capabilities, we’ve built two flavors of Earnix Copilot – a Knowledge Copilot, (which you can prompt for the “Ask” and “Explain” questions mentioned above), and a Coding Copilot (that handles the “Do” part of generating Python code).
For example, here’s a prompt in which I ask the Knowledge Copilot flavor of Earnix Copilot about the benefits of Earnix Price-It:
And here’s a sample prompt of my asking the Coding Copilot to create a GLM:
In these instances, instead of having to sift through Earnix documentation or write Python code from scratch, users get the answers or code they need quickly and easily, and then can apply that output within Price-It, Underwrite-It, and Lending Plus.
A New Era of Pricing and Decisioning Intelligence
To sum it up, we built Earnix Copilot to offer unparalleled decisioning intelligence that enhances productivity, improves accuracy, and fosters innovation across the product development lifecycle, making it an indispensable tool for organizations looking to gain a “leg up” on the competition as they seek to reimagine insurance and banking/lending.
Today’s launch marks the beginning of our journey with copilots and generative AI. We are eager to see how more of our customers will leverage Earnix Copilot to enhance their operations and business performance, and we are excited to collaborate and explore additional use cases that will further drive innovation. As we gather more feedback, we remain committed to continuously evolving Earnix Copilot's capabilities, progressively enabling Earnix Copilot to become more agentic, to deliver on more complex goals, and to act more autonomously within the bounds of compliance in our regulated industries.
Learn more about Earnix Copilot here.