The Earnix Blog: Resources for Insurance and Banking Leaders

Synthetic Data Generation and Its Key Benefits in Insurance

January 10, 2024

By Chen Ben Gal

We will focus on some of the technical aspects behind the generation of Synthetic Data, present some detailed information as to its effectiveness in mimicking original data statistical properties, and present some interesting applications which go beyond replication of the original data.

The Rise of Synthetic Data

November 13, 2023

By L’équipe d’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.

Person Holding A Green Plant

October 23, 2023

By L’équipe d’Earnix

In our new industry research report, “Insurance Operations in a Changing Industry,” respondents felt strongly that “changes to the macroeconomic environment” would have the most impact on their company.
Automatic Generalized Linear Models (GLM) in Insurance & Banking

March 28, 2023

By Luba Orlovsky

To make a cake, you need to have specific ingredients: eggs, milk, flour, etc. The same applies to a model, you need to have variables such as age, tenure, and price.

Using Analytics to Deliver Personalized Insurance Products at Scale

April 1, 2022

By Hen Fridman

20 years ago, Jeff Bezos said “personalization is when you go into a bar and sit down and the bartender puts a whiskey in front of you without having to ask what you want.” Since he said those words over two decades ago, personalization has become popular across industries - from retail to aviation, ...

Why Actuaries are Crucial for Value Creation in Insurance

July 19, 2021

By Rick de Jager & Jurjen Boog

Insurers are confronting change and reinventing themselves to meet economic pressures and changing client needs. Customers are expecting the same level of convenience and customer experience as with online shopping. Consumer use of mobile devices is shifting. Initially fed by the need for sustainabi ...