Celent a leading global research and advisory firm focused on technology for the finance industry, unveiled its annual Insurers Stand-Alone Rating Engines Report. With profiles of 18 stand-alone rating engines, the report provides an overview of their functionality, technology, pricing, and more.
The market of external rating engines for insurers continues to expand. Advanced rating functionality and improved technology mean that insurers have a broad spectrum of systems and vendors to consider. This report is designed to assist decision makers to first define their core rating engine system requirements and then assess best in class offerings.
Earnix is a Technology Standout among its peers because it’s built on industry-leading data science, powerful analytical modeling tools, machine learning and artificial intelligence. Applying advanced technologies to all aspects of the pricing and personalization process enables insurers to increase their speed to market, improve risk profiling and enhance understanding of customers. All this leads to higher profitability and healthy combined ratios.
With clear visibility into both real-time and overall performance, carriers using Earnix generate impactful offerings that meet changing customer demands. This empowers insurance companies to capitalize on every revenue opportunity.