Earnix for Home Insurance Analytics

Advance the Analytical Sophistication of your Homeowners Products to Meet Your Business Objectives

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Use Analytical Techniques to Profitably Increase Policy Conversion and Retention.

While auto insurance pricing was the focus for years, the investment in homeowners pricing sophistication is on the rise. Pricing for homeowners is very complicated. Insurers must be able to analyze a myriad of variables when pricing a homeowner’s insurance policy, including occupant characteristics, property attributes, storm propensities and many other data elements. As a business professional, you are challenged with developing prices that most appropriately balance the volume and profit trade-offs of your portfolio while continuing to advance your understanding of new data to most accurately price customer segments. What impacts do your pricing decisions have on business performance metrics? With Earnix, you will know.

The Earnix Solution for Home Insurance

Use internal and external data sources to model and then price your homeowner book of business against both business objectives as well as the overall market. Understand what variables drive growth, retention and long-term profitability. Do all of this via a single, comprehensive analytical solution suite.

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Solution Highlights

Know the Impacts of Multiproduct Pricing

Many customers look to your company for all of their insurance needs, not just for homeowners. Earnix enables you to understand the customer view across all of your products. Since customer decisions are not made in a silo, rate impacts of one product may impact others, like auto and home. With the Earnix solution, you can dynamically price multiple products at the same time understanding cross price effects and measuring rate impact across the entire portfolio of products.

Big Data Versus the Right Data

Easily sift through big data from both traditional and emerging sources to uncover the variables that best fit your modeling needs and activities, eliminating time-consuming trial and error and daunting data management tasks.

Territorial Modeling

Add a geographic dimension to your home and auto risk premium modeling with geospatial data analytics embedded in your loss-cost prediction. Enhance the accuracy of your analysis and simplify the communication of results.

Combine Risk with Market Pricing

The Earnix risk components are designed with an end-to-end pricing process in mind and offer built-in integration to the Earnix execution capabilities — for better market-pricing capabilities of homeowner policies.

Earnix in Action

Collaborate to Succeed

Unlike desktop-based tools, Earnix provides a multiuser enterprise solution that empowers collaboration within each team across the organization. This enables managers at all levels to oversee the work of team members and establish consistent, transparent pricing processes.

Easy Deployment

Earnix is enterprise-grade software that can be deployed in the cloud or on premise, providing flexible options to meet immediate and future needs. Using the Earnix cloud option, you can instantly make the solution available across your organization and establish a unified analytical process.

Industry Professionals

Earnix Professional Services supports insurance customers at every stage of the implementation and deployment process. Our world-class industry experts are available to guide users to extract the maximum value from the platform. Our financial services experience ensures that we understand the data and analytical processes that translate to growth.

Our Experts at Your Service

Earnix Professional Services supports home insurance companies at every stage of the implementation and deployment process. Our industry experts are available to instruct users on leveraging all the benefits of the platform. The Earnix support model is designed to provide as much or as little assistance as required. At the end of the process, you will have the know-how and the analytical tools to make data-driven, optimized decisions.

Improving Results — What Customers Say

“The use of Earnix contributed to an increase in net profitability of +1.6% Gross Written Premium and a 0.3% gain in market share. Knowing how and why customers were making decisions allowed us to tailor products and offers in order to drive growth.”
— Large European Insurance Company

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