Displaying "Pricing" articles (105)
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Personal Lending: The Fundamentals of Digital Loan Personalisation
After a rapid growth in interest rates for personal loans in 2023 despite a lagging increase in deposit rates, UK banks will face mounting margin pressures in 2024. On top of tighter margins, lenders will have to navigate a complex matrix of intensifying regulatory initiatives such as the Consumer Duty Act.
Transform Underwriting to Improve Agility and Profitability
As insurers navigate a rapidly changing macro environment and evolving customer expectations, the need to reimagine insurance has become more urgent than ever. One area that requires particular attention is underwriting, which is often less visible to customers than other functions in the insurance value chain. However, upgrading underwriting can have a significant impact on capturing new business and driving profitability.
Four Critical Pricing Use Cases for Auto Lenders
Auto lenders around the world continue to face real pressure to remain profitable. This means developing and deploying more intelligent pricing strategies that can successfully reduce risk, increase profitability, and help auto lenders gain and maintain market share.
Improving the Effectiveness of Model Development and Deployment
In concert with Earnix Price-It, Model Accelerator provides a comprehensive, end-to-end model management workflow, including model building, orchestration, deployment, and monitoring.
Pricing Analytics for Auto Lenders: Four Critical Use Cases
While there are multiple applications of AI-powered pricing analytics solutions in the auto lending industry, this eBook showcases some of the most common use cases that helped Earnix customers create cutting-edge, competitive pricing strategies and meet their spread targets and KPIs.
Shoring up the Bottom Line: Insurers Prioritize Profitability Over Growth
As global P&C insurers continue to face lingering economic conditions and challenging markets, many are now focused on profitability instead of growth. Innovative new technologies can help insurers increase profitability in uncertain times like these.
The Pursuit of Agile Pricing Operations
Most lenders involved in personal and auto finance today know that they need to move away from manual revisions of pricing tables, lengthy deployment cycles, and reliance on spreadsheets for the right price calculation. Balancing loan profitability and volume while keeping up with the competition, requires proper pricing analytical tools to support your strategy.
Unsecured Loans: Price and Product Personalization Are the Name of the Game
Lenders wanting to maintain their competitive advantage and capitalize on the healthy demand for unsecured loans need to be looking for ways to stand out in a crowded marketplace. Additionally, there is a need to consider pricing competition amid market volatility, rising interest rates, and increasing cost of funds.