Pricing Strategies in Consumer and Auto Lending
This eBook presents a summary of our findings and recommendations for using AI to optimize pricing models, target lower-risk borrowers, automate credit risk decisioning, and maintain profitability amidst challenging market conditions.
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Reshaping London's Speciality Market
Over the centuries, the London market has developed and grown, and today it is the largest global hub for commercial and specialty risk, delivering solutions in almost every territory around the world.
Yet the global risk landscape is quickly changing, requiring new solutions to digitalise the market, making it better, faster, and cheaper for all participants while delivering better customer outcomes.
Four Critical Pricing Use Cases for Auto Lenders
Read NowStreamlining Your Pricing Processes for Improved Profitability
As the insurance industry faces intense market competition and evolving demands, the imperative to enhance pricing strategies is more critical than ever. One pivotal area that can significantly influence profitability and market responsiveness is the pricing process.
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Transform Underwriting to Improve Agility and Profitability
As insurers navigate a rapidly changing macro environment and evolving customer expectations, the need to reimagine insurance has become more urgent than ever. One area that requires particular attention is underwriting, which is often less visible to customers than other functions in the insurance value chain. However, upgrading underwriting can have a significant impact on capturing new business and driving profitability.
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Personal Lending: The Fundamentals of Digital Loan Personalisation
After a rapid growth in interest rates for personal loans in 2023 despite a lagging increase in deposit rates, UK banks will face mounting margin pressures in 2024. On top of tighter margins, lenders will have to navigate a complex matrix of intensifying regulatory initiatives such as the Consumer Duty Act.
Transform Your Business’ Underwriting Function with Underwrite-It
Transform underwriting to improve agility and profitability with rules management, advanced analytics, simulation, and business-driven deployment in a single solution.
Pricing Analytics for Auto Lenders: Four Critical Use Cases
While there are multiple applications of AI-powered pricing analytics solutions in the auto lending industry, this eBook showcases some of the most common use cases that helped Earnix customers create cutting-edge, competitive pricing strategies and meet their spread targets and KPIs.
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Earnix Model Accelerator
In the quest to be agile, insurers want to experiment and innovate with machine learning (ML) models in a mode that gives them maximum flexibility. They need an open platform such as Earnix that allows for mixing and matching the best models of all kinds – existing, new, or whatever the analytics team can dream up.
A Guide to Unsecured Lending Growth
This Earnix guide takes a closer look at this emerging opportunity and offers six ways lenders can win more business and increase growth in unsecured personal lending – without losing sight of profitability.
Unsecured Loans: Price and Product Personalization Are the Name of the Game
Lenders wanting to maintain their competitive advantage and capitalize on the healthy demand for unsecured loans need to be looking for ways to stand out in a crowded marketplace. Additionally, there is a need to consider pricing competition amid market volatility, rising interest rates, and increasing cost of funds.
The Pursuit of Agile Pricing Operations
Read NowIndustry Trends Report: Insurance Operations in a Changing Industry
To say that the insurance industry is currently changing would be vastly understating the impact of so many new developments and market conditions. Insurance carriers today are confronted by unprecedented change, coming all at once and from a wide range of factors. Earnix partnered with the Market Strategy Group, LLC to conduct a comprehensive independent research survey to uncover all these issues and more.
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Improving the Effectiveness of Model Development and Deployment
In concert with Earnix Price-It, Model Accelerator provides a comprehensive, end-to-end model management workflow, including model building, orchestration, deployment, and monitoring.