PriyaPatel
TLDR:
- Earnix partners with Exavalu to provide property and casualty insurance carriers with improved pricing and rating solutions.
- Carriers can leverage analytics and AI for dynamic pricing and product innovation.
Key Elements:
Partnership Announcement: Earnix, a provider of AI-based pricing solutions, teams up with Exavalu, a digital insurance advisory firm, to offer improved operational and analytical flexibility for insurance carriers.
Modernization in Insurance: With the rapidly changing insurance market, carriers need to adopt modern and flexible pricing strategies supported by robust pricing analysis to stay competitive.
Benefits of Partnership: The partnership allows carriers to launch personalized products with flexible pricing based on analytics, enabling them to align pricing strategies with business goals.
Technology Integration: Earnix provides real-time decision-making capabilities using analytical modeling and AI, while Exavalu brings deep insurance technology and operational expertise to the table.
Customer Focus: Earnix has been providing innovative solutions for insurers and banks since 2001, with customers in over 35 countries across six continents, aiming to transform how they operate.
Future Outlook: The partnership aims to empower carriers to effectively utilize pricing analytics and AI/ML models for maximum flexibility, speed to market, and competitive advantage in the digital landscape.
