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Displaying "Transformation" articles (21)

2022 Industry Trends Report: Modernizing Insurance Operations

Earnix recently partnered with the Market Strategy Group LLC to conduct a research survey to understand where insurance companies stand in their effort to modernize their operations. We surveyed nearly 300 insurance executives to uncover their perspective on various modernization strategies. View the report here to see how you compare.

Build vs. Buy: The Earnix Road to Reimagining Insurance

Insurance carriers today must become more flexible and agile to keep pace in a rapidly changing world. In this brochure, we discuss the main challenges that insurers are facing in their pricing and rating operations and the answer for implementing pricing and rating strategies at the speed of the market.

Gather, Analyze, and Act in Real Time to Instantly Unlock Market Value

Speed to market is a top priority for virtually every insurance company today, and for good reason. In order to compete – against traditional vendors as well as aggressive new market entrants – insurers need to do all they can to meet customers’ demands when it comes to delivering exactly the right product offer extremely fast.

Reimagine Insurance with Intelligent Insurance Operations

Whether it’s AI-driven rating, dynamic pricing, robust product personalization, fully operationalized telematics or other essential capabilities, the insurance industry needs more intelligent, agile, and composable solutions to overcome operational challenges and meet elevated customer expectations. This eBook presents a vision for the future of insurance defined by intelligent insurance operations.

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.

Empowering Relationship Managers in their Digital Journeys

Throughout its history, banking has relied heavily on personal relationships to achieve many of its business goals. Relationship managers (RMs) have served as the “face” of the bank in providing sound business advice, acquiring new customers, and uncovering new sources of revenue within existing accounts. The most powerful combination for banks’ success is to equip Relationship Managers (RMs) with technology that allows them to extend the personal touch customers crave, the power of satisfying customer experiences (CX).

Your Roadmap to Accelerating Digital Transformation

Traditional banking is well behind other consumer-facing sectors such as Retail, Healthcare Payers, and Telecom, and those sectors are setting consumer expectations that banks must meet to be successful. Driven by their experiences elsewhere, banking customers have come to expect offers crafted just for them, delivered whenever is convenient for them, and through the means and media they choose.

Meet New Regulatory Changes Faster & Easier

The UK’s Financial Conduct Authority (FCA) aims to tackle ‘Price walking’ through the implementation of new rules that protect consumers from loyalty penalties related to various insurance products. These updates are likely to change the insurance industry as firms will now have to offer renewal prices that are no higher than the prices offered to new customers.