PriyaPatel
TLDR:
- Earnix and Exavalu partner to enhance property & casualty insurance pricing through AI and analytics
- Partnership enables insurers to launch personalized products quickly with flexible pricing
Earnix, a global provider of AI-based SaaS pricing solutions, has teamed up with Exavalu to bring modern pricing strategies to property and casualty insurance carriers. In today’s fast-paced insurance market, carriers need flexible pricing models supported by robust analysis, which traditional methods often struggle to meet. By leveraging analytics and AI for dynamic pricing, rating, underwriting, and product innovation, insurers can align pricing strategies with business goals effectively. This partnership allows carriers to launch personalized products with flexible pricing and make real-time decisions through robust analytical modeling and AI capabilities offered by Earnix. Exavalu contributes deep insurance technology expertise to the partnership, complementing Earnix’s technology with operational advisory and implementation services to create a competitive advantage for digital carriers.
Saurav Basu, President of Exavalu, highlighted the importance of improving pricing analytics, accelerating market data integration, and automating rate manufacturing and deployment for carriers looking to modernize their core capabilities. Ruth Fisk, Head of Business Development at Earnix, emphasized the value of combining Exavalu’s advisory services and technology consulting with Earnix’s technology to address insurers’ strategic transformational challenges.
