Earnix 3D Personalization for Small Commercial Insurers

Personalize Commercial Policies for both
Increased Customer Satisfaction and
Improved Business Results

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Innovate to Face the Small Commercial Market Head-on.

Small Commercial insurers have been following innovation in personal lines for several years. Now with the replacement of legacy systems and the movement towards digitalization, there is a growing recognition by small commercial carriers of the need to advance their utilization of analytics and newer statistical techniques to stay competitive.

 

The Earnix Solution for Small Commercial

The  Earnix 3D Personalization Suite™ empowers small commercial 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, rating, and product personalization.  Earnix empowers insurers to analyze small business customer attributes in order to more clearly understand portfolio mix and overall profitability - which enables small commercial insurers to personalize products and prices to appeal to a broader segment of business customers, ultimately winning and retaining their business.

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Solution Highlights

Dynamic Pricing, Rating, and Product Personalization

Earnix provides the ability to define, personalize, and deploy insurance packages that meet business KPIs while improving the satisfaction small businesses receive through a relevant and contextual policy offer. This results in an increase in small commercial conversions and retentions for your financial institution, as well as improved customer satisfaction metrics. With Earnix, you can offer the best insurance policy for your customer and for your business.

Sell Like a Digital Leader

Through the use of 3D Personalization, financial institutions can deliver a recommended, personalized small commercial offer across three dimensions. This offer creation is enabled by world-class data science, analytical modeling, and integrated machine learning.

Enterprise-Wide Scalability

Earnix provides a holistic view across all products, so small commercial insurers can quickly understand how offers impact other lines of business, like BOP, Auto, and Workers Comp - as they may be purchased together. With the understanding of cross-business impacts, offers can be priced and personalized to meet customer expectations and business objectives.

Simplify the Small Commercial Policy Rating Process

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

Earnix in Action

Proactively Identify and Personalize Insurance Offerings

Small Commercial Insurers have data on the marketplace to identify business needs. Earnix helps your organization put this data to use through providing the ability to proactively identify and react to small business needs with contextually personalized offers.

Analytically Manage the End-to-End Policy Creation Process

Establishing a unified analytical process – from data management to analytical modeling and optimization to deployment creates a repeatable and consistent process for small commercial insurers and a better personalized policy package for small businesses.

Dynamic Rating Agility

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.

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.

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Improving Results — What Customers Say

“Within the first year, the Earnix for Insurance Suite improved profit by over 3% of Gross Written Premium while maintaining retention levels.”
– Large Direct Broker

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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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