Earnix provides a single source of truth for data across Tokio Marine North America Services’ U.S. companies
BOSTON – December 19, 2024 – Earnix, the global provider of AI-based SaaS solutions for insurers and banks, today announced a new partnership with Tokio Marine North America Services (TMNAS), enabling the development of a centralized rate repository with access to sophisticated pricing and rating strategies to ensure rapid time-to-market for the business TMNAS manages on behalf of its customers.
Tokio Marine North America Services is a professional services provider that supports the insurance operations of various companies within the Tokio Marine Group, which is one of the largest insurance groups globally. Tokio Marine Group is a leading provider of commercial insurance in the United States and leads the specialty insurance market. Partnering with Earnix enables TMNAS to bolster its capabilities with a new all-in-one solution for its customers.
Offering a single source of truth for pricing, rating, and filing, Earnix’s solution reduces errors and potential risks. Data from customer rating systems can flow to a centrally governed tool, ensuring a smoother, more efficient, and more accurate process for TMNAS customers. With hundreds of products to manage for multiple customers in the United States, TMNAS must carefully consider technology decisions and investments to make a positive impact with minimal risk.
“Insurers want to—and must—innovate. The key when choosing new solutions is to select those that address the operation as a whole,” said Robert Pick, EVP & CIO at TMNAS. “Earnix integrates seamlessly across the entire tech stack and provides the agility to futureproof our businesses regardless of market or regulatory changes.”
"Tokio Marine North America Services has long embraced cutting-edge technology and approaches on behalf of its customers,” said Robin Gilthorpe, CEO at Earnix. “This integration enables the important development of a centralized rate repository, building the foundation for sophisticated pricing and rating strategies and rapid time-to-market for the business. Earnix is proud to provide a solution that helps TMNAS manage multiple lines of business across the United States in the face of changing market conditions and a complex regulatory environment and meet the needs of its valued customers.”
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About Tokio Marine North America Services (TMNAS)
Tokio Marine North America Services (TMNAS) was established in 2012 as the shared services company for Tokio Marine North America. With headquarters located just outside Philadelphia in Bala Cynwyd, Pennsylvania, TMNAS provides professional services supporting the insurance operations of Tokio Marine Group companies, including Philadelphia Insurance, Tokio Marine America and First Insurance Company of Hawaii, with innovative and market-leading solutions across service areas supporting more than 4,000 people and $5 billion in annual premium revenue. TMNAS is recognized as a top workplace both regionally and within the insurance industry. TMNAS partners with market-leading service and technology providers in the U.S., Japan, Europe, India, and Central America to operate at the scale, speed, quality, and level of excellence appropriate to the 150-year history of the Tokio Marine Group.
CONTACTS:
For Earnix:
Krystina Puleo
Global Director of External Communications
press@earnix.com
For Tokio Marine North America Services (TMNAS)
Bill Procopio
Vice President of Corporate Communication
610.538.2279
Bill.Procopio@tmnas.com