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Displaying "Pricing" articles (103)

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Dynamic Product Actualization

The insurance industry was built on managing risk, but today’s increasing pace of change in the marketplace requires product and pricing agility. Flexibility will allow insurers to respond to increases in claims costs, prototype new usage-based products, and prepare for new products on the horizon. Achieving this in a way that meets regulatory requirements necessitates new capabilities.

Contextual Multi-Armed Bandits Meets Causal Inferencing

The Multi-Armed Bandits problem is a classic reinforcement learning problem that demonstrates the exploration–exploitation tradeoff dilemma. To correctly estimate the causal effect of price changes or different financial product bundle offers on consumers’ purchasing decisions, the standard methodology is to perform a randomized controlled trial (RCT). However, RCTs could be expensive, and financial institutions are often reluctant to conduct them for the required period of time.

10 Insurance Technology Trends Reshaping the Industry

A number of high-impact business trends are shaping and reshaping the insurance industry as we speak. Capgemini’s Executive Vice President, Seth Rachlin, Ph.D., shares his thoughts on why companies need to “prepare for the world as it is today, and not as it used to be.”

SUV on Road during Night Time

Lead the UBI Revolution - Brochure

Usage-based insurance (UBI) has already fundamentally changed the P&C insurance landscape. Now with Earnix and its telematics app, you can get the full picture of driver behavior and model a wide range of data to develop and deploy the right personalized UBI offers in real-time.
The Surprisingly High Cost of Delaying Tech Adoption

The Surprisingly High Cost of Delaying Tech Adoption

Traditional pricing and rating systems tend to be individual, siloed applications that require too much time and manual effort to make them work - causing significant pricing delays and missed opportunities. In this eBook, we will delve into why insurers have not focused on new technology and describe the nine capabilities every insurer should demand as they evaluate new rating and pricing technology.

Dynamic Product Actualization for P&C

The insurance industry was built on managing risk, but today’s increasing pace of change in the marketplace requires product and pricing agility. Flexibility will allow insurers to respond to increases in claims costs, prototype new usage-based products, and prepare for new products on the horizon. Achieving this in a way that meets regulatory requirements necessitates new capabilities.

ITC 2021: On stage with Earnix CEO, Udi Ziv

Today, carriers are under increasing pressure to fully personalize their products and dynamically deliver them to their customers. Fueled by consumer demand, Usage-Based Insurance is one of many trends in personalization poised to make the leap from niche to mainstream. But historically, insurers have struggled to find success creating bespoke offerings profitably and at scale.
Hollard Builds Foundation for Future Success Using Earnix

Hollard Builds Foundation for Future Success Using Earnix

Hollard was looking for a solution that would allow them to deploy rates and prices faster than before and have the flexibility to easily respond to ever-changing market conditions and customer needs. As a single, modern comprehensive rating and pricing solution that could consolidate Hollard’s 7 different rating engines, Earnix proved itself to be the answer.