Earnix 3D Personalization
for Auto Insurance

Personalize Auto Policies in Real-Time to Increase Offer Conversions while Reducing Operational Cost and Risk

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Offer the Ideal Auto-Insurance Policy for Your Customer… and Your Business.

Today’s digital-first demand-economy requires Banks and Insurance companies to be able to price and personalize Auto-Insurance policies quickly and accurately, deliver new rates to the market instantly, and adjust their prices more frequently based on testing and simulating the impacts of changes in the policy features and price on customer-base growth and profitability.

Earnix provides an enterprise-wide Pricing, Rating, and Product Personalization Software Suite that helps auto insurers assess the underlying loss cost and market dynamics to price and personalize policies that meet customer expectations as well as business objectives.

 

The Earnix Solution for Auto Insurance

The  Earnix 3D Personalization Suite™ empowers auto insurance professionals to offer the right product, at the right price, at the right time, while optimizing business results, maintaining governance & compliance, and improving the enterprise-wide process of pricing and product personalization in insurance.  Earnix provides insight into the most significant customer, market, and competitive attributes that underlie and impact your auto insurance portfolio. This allows auto insurers to create products and prices via auto insurance solutions that achieve desired levels of growth and profit while enabling an efficient and effective rate-setting process.

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Solution Highlights

Dynamic Pricing, Rating, and Product Personalization

Accounting in real-time for numerous customer risk variables as well as product bundling and pricing considerations is crucial to determining the optimal policy package to offer. Earnix provides a holistic view of your pricing, rating, and product personalization from strategy to execution, giving you full governance and control. Banking and Insurance Companies can now predict and simulate the impacts of price-changes and product bundling decisions in real-time, and instantly deliver personalized rates to the market as soon as approved by local regulators.

Deliver Auto Policies like the Digital Leaders of Today

Auto Insurance policies are sometimes difficult for consumers to digest. With Earnix, you can define and deploy Auto insurance bundles that are individually tailored to customer behavior, and simple to digest and act on. Deliver the right Auto-Policy package, in the right price, and at the right time, driven by world-class data science, analytical modeling, and integrated machine learning.

Simplify the Auto Insurance Rating Process

Move systematically from data management to analytical modeling, to simulation and optimization – all inside a single pricing and auto insurance product personalization software product suite. Operationalize analytical insights quickly to react to the competitive environment. Through the use of machine learning technologies, auto insurers can more accurate models and forecasts in a comprehensive structure to predict competitive position — so that you know exactly which customers and segments to pursue.

Enterprise-Wide Impact

How can you leverage auto insurance insights for other lines of business? What personalization opportunities do you have across these lines of business – and how do your pricing and product personalization software and strategies impact these opportunities? With Earnix you will know.

Earnix in Action

Turn your Auto Insurance Policies on a Dime

Earnix provides the ability to change packages, premiums, and add-ons and then deploy those changes to the market rapidly, expediting lengthy deployment processes. With Earnix, the pricing process is systemized, controlled, and governed via a single solution.

Easy Personalization of Auto Insurance Products

For consumers, auto insurance policies can be difficult to understand, and often too many options or choices lead to confusion and indecision. With Earnix, you can define, personalize, and deploy often complex policies in a simple manner, giving consumers a limited number of individually tailored choices instead of a large number of average options.

Proactively Deliver Contextually Relevant Auto Policies

Insurers have both internal and external data that allows them to identify life stage needs. Earnix helps auto insurers identify significant customer behaviors and use this insight to provide proactive contextually personalized offers.

The Earnix Products

Earnix Price-it

Predict, simulate, decide and instantly deliver rates to market in a systematic, consistent, and governed manner.

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Earnix Personalize-it

Define, personalize, and deploy financial product bundles or variances that perfectly match each customer’s unique needs.

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Earnix Detect-it

Proactively identify patterns that suggest life event occurrence and react by delivering the right financial product at the right price.

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Our Experts at your Service

Earnix consulting teams are comprised of analytics experts and data scientists with deep domain experience in financial services. Our trusted advisors will work closely with you to define and develop pricing and product personalization processes tailored to your specific needs and instruct you on how to leverage all the benefits of the platform.

Improving Results — What Customers Say

“There are many benefits we saw in Earnix, which span lines of business and carry a high financial impact. These include de-risking a multi-year core system implementation via Earnix’s modern end-to-end pricing and rating solution, control and governance, and automation capabilities provided through the Earnix SDK.”
- American Auto and Home Insurer

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New at Earnix

Earnix Price-it Rating Engine Brochure

Read about the Earnix Price-it capabilities as a product pricing engine for insurers around the world.

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Our Latest Blog

Blog: From Analytics-Driven Pricing to 3D Personalization

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