Earnix 3D Personalization for Life and Health Insurance

Personalize Life and Health Insurance Packages for Increased Utilization and Improved Business Results.

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Increase Analytical Sophistication to Increase Profitable Growth

Historically, non-life personal insurers were the first to advance their pricing sophistication. Life and health insurers, who traditionally have been very slow to innovate, are finally starting to embrace the need for new data sources and advanced analytical techniques.

 

The Earnix Solution for Life and Health Insurance

The  Earnix 3D Personalization Suite™ empowers life and health 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.  In many cases, life and health insurance solutions are purchased by corporations for their employees. Group health insurance requires specialized risk modeling and aggregation techniques which Earnix enables. Earnix helps you understand your customers’ behavior including their propensity to retain or release an insurance product - which enables you to personalize products and prices to win and retain their business.

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Solution Highlights

Dynamic Pricing, Rating, and Product Personalization

Earnix helps define, personalize, and deploy life insurance solution offerings, allowing financial institutions to increase customer satisfaction while improving business results. 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. With Earnix, you can offer the best insurance policy for your customer and for your business.

Sell Like Today’s Digital Leaders

Through the use of 3D Personalization, life and health providers can provide a recommended insurance package that is personalized across three dimensions. This is enabled by world-class data science, analytical modeling, and integrated machine learning.

Enterprise-Wide Impact

With Earnix, the opportunity exists to leverage health insurance analytical insights for life insurance coverage creation - and vice versa. Being able to see across lines of business allows you to price and personalize insurance packages at a deeper level than what is done today – by using data and analytics to enhance customer interaction strategies.

Simplify your Insurance Processes

Move systematically from data management to analytical modeling, to simulation and optimization – all inside single pricing and product personalization software product suite. Operationalize analytical insights in a rapid and consistent manner, resulting in shorter time to market and improved control and governance.

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Easily Personalize Complex Insurance Products

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

Update and Deploy Insurance Packages with Ease

Change coverages, providers, or premiums, or other insurance policy variables with ease and 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.

Identify Insurance Needs Ahead of Your Customers

Insurance companies have the data to identify life stage needs. Earnix helps your organization put this data to use through providing the ability to proactively identify and react to life stage and lifestyle needs with 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

"Through our use of Earnix, we increased quote conversions by 15%, leading to a 1% increase in total premium growth while maintaining a steady profit."
— Leading Large US Life 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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Events

Let's meet!

Check out where you can meet Earnix in the coming months.

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