Tight Platform Integration for More Complete Insurance Pricing, Rating, and Quoting
The Earnix Price-ItTM Connector for Sapiens IDITSuite allows insurers to integrate the Earnix rating engine and AI-driven pricing into Sapiens PolicyMaster, providing a bi-directional data flow that accelerates implementation and delivers a faster, more seamless customer experience.
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Insurers are on a never-ending quest to improve their bottom lines. Voracious competition means they need every possible edge in closing new and more lucrative business. That requires aggressively shedding the burden of aging legacy systems and transforming with cost-effective, modern solutions.
Legacy policy administration systems (PAS) and rating engines cause operational inefficiencies and rising loss ratios when predictive pricing models aren’t operationalized correctly into PAS systems. The problem is particularly acute when insurers possess multiple PAS and lack the necessary resources for custom integration.
The Earnix Price-It Connector for Sapiens IDITSuite delivers tight integration between the Earnix pricing and rating engine and Sapiens PolicyMaster. This powerful combination empowers insurers to present an integrated pricing, rating, quoting, and policy issuance experience to consumers and businesses.
By tightly tying the Earnix intelligent decisioning platform – which unites models, pricing and rating in a single, high performance and scalable platform – with the full lifecycle policy processing capabilities of Sapiens, insurers can increase precision, speed, and agility.
Sapiens is a publicly traded SaaS core systems provider serving an array of insurance carriers across 30 countries. The company boasts a customer roster of over 600 companies and brings that vast experience to solving the industry’s most pressing challenges.
“It’s critical for RACI to become far more flexible and agile in the way that it does business…in our ability to develop new products and new services, and we’ll be looking to Sapiens IDIT to support us in those endeavors.”
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