URALSIB Insurance Group selects Earnix Insurance Risk Premium Solution
URALSIB Insurance Group, one of the top 15 Russian insurance companies, is joining the Earnix global client list
Ramat Gan, Israel – September 29, 2014 — URALSIB Insurance Group, one of the top 15 Russian insurance companies, and Earnix, a leading provider of integrated pricing and customer analytics software for banks and insurers, today announced that URALSIB has selected the Earnix Insurance Risk Premium Solution and will begin collaborating with Earnix in the field of risk modeling and pricing analytics.
Earnix Insurance Risk Premium solution, an integral part of the Earnix Customer Analytics platform, includes a set of tools which allows for creating a single informational risk modeling and pricing analytics environment. The capabilities begin with data preparation through modeling and visualization and end with the tools which enable the testing and building of price scenarios and a tariff system. Designed to simplify and systematize analyst and actuary activities, the Earnix Insurance Risk Premium multi-user solution platform for financial institutions will help URALSIB Insurance Group to create actual models and pricing schemes.
SAPRUN Group, Earnix’s partner in Russia, has extensive experience in resource planning and implementation of pricing projects for companies providing financial services and will provide operational support to URALSIB Insurance Group throughout its work with Earnix.
“We are proud of the fact that URALSIB Insurance Group saw the value in our Insurance Risk Premium software,” said Amitai Ratzon, Earnix Vice President of Sales. “We look forward to working with a major player in the Russian financial services market and adding URALSIB to our growing, global customer base.”
About URALSIB Insurance Group
URALSIB Insurance Group is among top 15 largest insurance companies in Russia, has over 20 years of experience in the market and is rated A ++ by the Expert RA agency. The company is a member of the URALSIB Financial Corporation, offering all types of insurance services. Branches and representative offices of URALSIB IG operate in 240 cities (400 sales offices and 62 branches).
Earnix provides an advanced analytics platform designed for the financial services industry, which integrates real-time decision-making capabilities into the business process, delivering significant results.
Earnix’s modeling, algorithms, and Machine Learning capabilities automate the rapid deployment of customer-centric offers by considering variables such as price, product features, and distribution channels, to optimize KPIs such as revenue, profit, sales volume, and customer satisfaction.
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