Displaying "Pricing" articles (105)

Dynamic Product Actualization for P&C

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 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.

Pricing at Speed. Months to Minutes.

Pricing at Speed. Months to Minutes.

Creating a new banking product is an inherently time-heavy process. But some companies can, and do, get this done faster than others.

Gore Mutual Partners with Earnix to Improve Pricing and Rating Processes

Gore Mutual Partners with Earnix to Improve Pricing and Rating Processes

Here’s how Gore Mutual used Earnix to improve its modeling, rating deployment and pricing processes — all from a single, end-to-end platform.

Common Errors in the Pricing Process

While insurance companies and their embedded pricing teams had the best of intentions, more often than not, they wound up with a pricing environment made up of too many tools, too much manual effort, and too much that could go wrong. Here's a closer look at the many challenges caused by a fragmented approach to pricing and rating, and the over-reliance on too many disparate solutions.

4 Steps to UBI Success

Adding UBI policies to your portfolio of products does not need to be a scary endeavor. By setting up the system in the right way from the start, the process will be smooth, and you will reap benefits quickly.

Earnix Video for Banks: Streamline Digital Transformation

Earnix Video for Banks: Streamline Digital Transformation

Earnix is the optimal solution for a new generation of risk-based pricing, through its single, comprehensive, enterprise-wide pricing platform.