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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.
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.
EIOPA recommended in March 2023 a ban on price walking – the practice of increasing premiums on renewals based on non-risk factors. European insurers will need best-in-class pricing systems that can adapt quickly to the volatile and unpredictable market that will follow.
PricingGovernance and Compliance
This whitepaper explores why effectively managing pricing operations has become a key factor in staying competitive, driving profitability, and ensuring long-term sustainability.
The Earnix Price-It for Guidewire Accelerator helps insurance companies respond rapidly to market changes and improve profitability. Achieve faster time-to-value via the pre-built accelerator's streamlined implementation.