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Displaying "Pricing" articles (9)

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.

Earnix Pricing Accelerator

This infographic looks at the four main challenges facing pricing teams across consumer and auto lending today and matches them with unique solutions provided by Earnix Pricing Accelerator.

Pricing

Speed up Time to Market with a Robust End-To-End Solution

Slow speed to market caused by disconnected systems is one of the main obstacles that insurers face today. Insurers need a single, fully integrated cloud solution where underwriting, pricing, and rating fit together seamlessly. One solution for seamless ratemaking and deployment.

Winning in a Changing Insurance Landscape with Agile Operations

If insurers want to be able to keep up with changing customer expectations and shifting market conditions, one thing is certain: they need to be a lot faster.

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.

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.

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.”

A Man in White Long Sleeves Looking at the Screen

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.