Personal Lines Insurance: Pricing Analytics Solution
A leading personal lines insurer used the Earnix Insurance Suite to achieve over 90% accuracy in predicting the influence of price changes. The insurer operates in a highly competitive market where pricing errors can be extremely detrimental. Despite the insurer having limited actuarial resources, they were able to integrate the Earnix solution into their overall pricing process for renewals and new business.
Read the case study to learn how Earnix improved their profit by over 3.5% of premium written while increasing retention.