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 & Health Insurance
Earnix helps insurers refine their estimates of risk and to more scientifically price life and health insurance premiums to suit customer needs as well as business objectives. In many cases, health insurance is purchased by corporations for their employees. Group health insurance requires specialized modeling and aggregation techniques which Earnix enables. Through the use of various statistical techniques like optimization, Earnix helps life and health insurers set prices that allow then to achieve their business goals.Schedule a Meeting
Understand Customer Behaviors with Analytics
Earnix helps predict the quote to bind rate and retention propensities enabling companies to refine their pricing decisions.
Get to 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.
Enhance Customer Segmentation
As the life and health market evolve, there is an opportunity to increase the number of customer attributes used in determining risk and prices. Earnix can help you find those new segmentation schemes and to understand the benefit of incorporating them into your pricing strategy.
Truly Real Time
Accelerate the time-to-market for new products and prices. Quickly connect to core systems with the stability and performance expected from mission-critical real-time systems.
Earnix in Action
Simulate and Visualize Results
A highly intuitive user interface provides a single point of access to all the functionality you need to build models, forecast changes and create appealing reports.
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.
Earnix Professional Services supports life and health 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 life and health 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
"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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