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.Schedule a Meeting
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.
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.
Earnix in Action
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
Predict, simulate, decide and instantly deliver rates to market in a systematic, consistent, and governed manner.Learn More
Define, personalize, and deploy financial product bundles or variances that perfectly match each customer’s unique needs.Learn More
Proactively identify patterns that suggest life event occurrence and react by delivering the right financial product at the right price.Learn More
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
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.Learn more
Our Latest Blog
Auto lending: Leveraging data the 21st century wayRead now
Check out where you can meet Earnix in the coming months.Schedule a meeting