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How Modern, Comprehensive Pricing & Rating Solutions Are Reimagining Insurance

How Modern, Comprehensive Pricing & Rating Solutions Are Reimagining Insurance

Today the insurance industry faces a significant challenge associated with legacy pricing and rating tools. Many architectures still rely on a high number of disparate, disconnected systems that require too much effort to maintain and other clunky workarounds.

Overcoming Legacy Challenges

Many insurance companies today are implementing new technologies to overcome legacy pricing and rating processes and digitally transform their business. As they do, they’re seeing how innovative new insurance technology platforms can help develop and deploy new, highly targeted and personalized offers much faster. This infographic looks at 5 challenges and solutions that address the impact of legacy insurance technologies.

5 Solutions to Overcome Legacy Challenges

When attempting to increase speed to market, insurers typically face a wide array of challenges, such as outdated technology, siloed systems, manual processes, a lack of ownership and collaboration, and real data limitations. This video explores 5 challenges and solutions that address the impact of legacy insurance technologies.

Delivering Personalized Customer Experiences with Earnix

Delivering Personalized Customer Experiences with Earnix

Why should Insurers consider personalization strategies and tactics? Can’t they continue to price and deliver products and services in the same way they always have? The simple answer is that Personalization has the potential to deliver superior results. For example, early personalization programs have already shown they can increase total sales, improve customer engagement and loyalty, create more successful cross-selling efforts, and deliver the most appropriate insurance bundle to customers.
Pricing Automation Helps LINK4 Boost Speed and Business Success

Pricing Automation Helps LINK4 Boost Speed and Business Success

“We were looking for a much more modern pricing and rating platform. Our past approach used an on-premise mainframe-based system that simply wasn’t as reactive as we needed. It took too long to create new pricing models, make changes, and respond to real-time opportunities in the market.”

The Need for Speed

For insurers who can overcome challenges caused by legacy pricing processes, speed to market is a very real opportunity to differentiate, win more business, strengthen the bottom line and gain a sustainable advantage over the competition. This eBook will show you how all of this is more than just possible—it’s achievable with the right technology solution.

Why Speed to Market is Changing the Insurance Landscape

For insurers who can overcome challenges caused by legacy pricing processes, speed to market is a very real opportunity to differentiate, win more business, strengthen the bottom line and gain a sustainable advantage over the competition. This infographic shows how all of this is more than just possible—it’s achievable with the right technology solution.
Person in Yellow Jacket and Red Pants Skiing

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.