The Earnix Blog: Resources for Insurance and Banking Leaders

Recent research shows that 74% of insurance companies still use outdated, legacy technology for pricing, rating, underwriting, and other vital insurance processes.  

This finding was reinforced in the Earnix 2024 Industry Trends report. While we asked the question slightly differently – “How urgent is the need for insurance operations modernization technology at your company?” – we heard similar feedback. The vast majority of insurers reported that this is a major challenge within their organization. 

Modern pricing and rating solutions offer a wide range of advanced features and functionality that empower insurers to optimize pricing strategies with precision. From dynamic pricing to predictive analytics, today’s solutions provide leading carriers the tools they need for turning real-time insights into a new competitive advantage. 

Dans le secteur de l’assurance, la recherche de stratégies de tarification compétitives et rentables est une préoccupation constante. Le marché de l’assurance évolue aujourd’hui plus vite que jamais, ce qui suppose d’appliquer une tarification dynamique, étayée par les dernières avancées en matière d’intelligence artificielle (IA) et d’apprentissage automatique.

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.