Earnix Enterprise Rating Engine
Earnix is a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks. The Earnix end-to-end solution leverages the power of single platform for managing data, creating analytical models, conducting scenario testing with built-in simulation tools, real-time deployment, and powerful automation capabilities to deliver the right prices and personalized products or bundles of products to the end customers.
A single source of truth without points of failure eliminates handoffs, delays, and errors to create more accurate and profitable rate plans that are seamlessly deployed into production.
AI-powered Analytical Pricing
Leverage advanced analytics for data and risk modeling, pricing strategy selection, pricing impact assessment, monitoring and tuning, and pricing development. Earnix’s powerful solution comes with embedded AI and ML with the flexibility to connect natively to third party data providers and to seamlessly import your existing models through our open platform.
Automate virtually any step of the pricing and rating process, including data loading, management, and modeling, project re-creation, re-rating, monitoring, producing a complete set of state filing documents, and scheduling tasks.
Predict opportunity and potential volume and profit trade-offs by running business simulations such as what-if scenario testing with the ability to change rates/factors/rules quickly and observe the predicted impact on the book of business, rating-factor optimization, and simulating rerating of large datasets or single profiles.
Real-time Rate Deployment to Production
Earnix allows business users to promote rates directly from the analytical space to the live production environment with minimal to no involvement from IT staff.
Comprehensive Monitoring and Reporting
Instantly define the impact of your price changes by monitoring the performance of offers in the marketplace across digital channels and continue to iterate and improve pricing with closed loop monitoring. Generate standard or custom reports without having to export data to an external reporting or BI tool.
Hosted in the Cloud
For ultra-fast request response, rapid scalability, and the convenience of proactive maintenance and product upgrades, all managed by Earnix.
Create personalized offers that are right for your customer and for your business, including policy definition and bundle optimization.
Integrate driving behavior data with current risk data to model risk, price a UBI offer, and bill customers based on actual usage.
Earnix offers iterative implementation and deployment, to provide significant value fast.
• Significantly reduce errors and accelerate the time-to-market of new product offer and price decisions.
• Ultra-fast, scalable performance
• Increase competitiveness with sophisticated pricing through use of advanced analytics, machine learning, and data visualization.
• Reduce the effort of regulatory compliance with complete data and model governance.