Welcome to the Earnix Insights Center
Complete Automation Leads to Price Modelling Success for BGL Group
BGL Group is always looking for innovative, advanced solutions to deliver the best product offerings, service and value to its customers. To this end, BGL employed Earnix’s advanced pricing solution for meeting the needs of internal users and making the company more competitive.
10 Insurance Technology Trends Reshaping the Industry
A number of high-impact business trends are shaping and reshaping the insurance industry as we speak. Capgemini’s Executive Vice President, Seth Rachlin, Ph.D., shares his thoughts on why companies need to “prepare for the world as it is today, and not as it used to be.”
Meet New Regulatory Changes Faster & Easier
The UK’s Financial Conduct Authority (FCA) aims to tackle ‘Price walking’ through the implementation of new rules that protect consumers from loyalty penalties related to various insurance products. These updates are likely to change the insurance industry as firms will now have to offer renewal prices that are no higher than the prices offered to new customers.
The Surprisingly High Cost of Delaying Tech Adoption
Traditional pricing and rating systems tend to be individual, siloed applications that require too much time and manual effort to make them work - causing significant pricing delays and missed opportunities. In this eBook, we will delve into why insurers have not focused on new technology and describe the nine capabilities every insurer should demand as they evaluate new rating and pricing technology.
Dynamic Product Actualization for P&C
The insurance industry was built on managing risk, but today’s increasing pace of change in the marketplace requires product and pricing agility. Flexibility will allow insurers to respond to increases in claims costs, prototype new usage-based products, and prepare for new products on the horizon. Achieving this in a way that meets regulatory requirements necessitates new capabilities.
Hollard Builds Foundation for Future Success Using Earnix
Hollard was looking for a solution that would allow them to deploy rates and prices faster than before and have the flexibility to easily respond to ever-changing market conditions and customer needs. As a single, modern comprehensive rating and pricing solution that could consolidate Hollard’s 7 different rating engines, Earnix proved itself to be the answer.
Pricing at Speed. Months to Minutes.
Creating a new banking product is an inherently time-heavy process. But some companies can, and do, get this done faster than others.
Gore Mutual Partners with Earnix to Improve Pricing and Rating Processes
Here’s how Gore Mutual used Earnix to improve its modeling, rating deployment and pricing processes — all from a single, end-to-end platform.