Earnix 3D Personalization Suite
The Earnix 3D Personalization Suite
From Pricing Strategy Optimization decisions to Rate-Deployment, Earnix believes Financial Institutions crave more confidence and control over their enterprise-wide Pricing process. Recognizing the complexities of pricing financial products, Earnix systemizes the pricing process across the enterprise using world-class data science, analytical modeling tools, and integrated machine learning. Earnix Price-it is an easily deployed state of the art pricing product that empowers Financial Institutions to predict, simulate, decide, and instantly deliver rates to the market.
Earnix believes that customers of Financial Institutions deserve financial products that perfectly match their unique needs. We believe that product personalization improves relevancy and simplicity for the customer, resulting in increased customer satisfaction and product uptake for the business. Recognizing the complexities of personalizing financial products, Earnix empowers Financial Institutions to bridge the gap between understanding customers and effectively serving them with the right products. Earnix Personalize-it enables Financial Institutions to define, personalize, and deploy offers across the enterprise using data science, world-class analytical modeling tools, and integrated machine learning.
Earnix believes that being contextually proactive is crucial in delivering effective value to customers. Recognizing the importance of context in proactively delivering the right financial product, Earnix empowers Financial Institutions to detect and proactively react to life events that impact customer financial needs. Earnix Detect-it uses data science, world-class analytical modeling tools, and integrated machine learning to identify patterns that suggest life event occurrence which triggers the Earnix 3D Personalization Suite to proactively deliver the right product, at the right price, at the right time.
This module helps insurers integrate data from multiple sources into a single repository for modelling. It imports, cleans, modifies, and prepares data
for model building. It is designed to avoid the inefficiency of having to query external data management tools to perform simple actions.
Analytics professionals have the ability to model risk, demand, conversion, and retention propensities at the level of sophistication your organization needs. This can be done in a visual manner all while advancing the analytical maturity of your modeling efforts with machine learning and hybrid modeling techniques. All relevant diagnostics for model construction are available, providing a faster and more intuitive interface than other vendors provide.
Many pricing scenarios must be considered and compared in order to understand potential volume and profit trade-offs and then select the best option. Develop refined estimates of the outcomes before you put the decision into the market using what-if simulation.
Decision Optimization helps you understand business tradeoffs to maximize results. Combining predictive models across various dimensions enables a holistic view of your insurance portfolio. You can also easily add or change internal and external constraints to understand the implications on your optimized scenarios, dimensions, policies, and business goals. Management can be confident that the best possible product and price combinations to meet customer needs while optimizing company goals for price, volume, retention, and profitability are deployed.
Release to Production to Execute Proposed Changes in Real-Time
Real-time integration translates into being able to develop, analyze, deploy, and present customer offers almost instantaneously. Quick delivery means being more competitive, and being able to react quickly to changing market dynamics. Once pricing projects and scenarios are executed in Earnix, they can be transported via web services and API technologies to customer-facing channels and systems. These offers can also be tracked for optimal governance and management. The Earnix solution accesses a full library of tested offers that can be delivered in sub-second times across various time periods and to downstream deployment software systems.
Monitor Customer or Competition Movement with Ease
What is the result of your price change? What are the conversion rates and how are customers responding? Key performance indicators can be monitored to quickly understand if you are achieving your desired goals, or if you need to modify your pricing or business decisions. Insights can be incorporated into the closed loop feedback process to improve analytical projects and pricing scenarios over time.
Reports and visual insights are only as good as the data and analytics that lie underneath. With Earnix, you can easily share insights across the organization or lines of business quickly. Not only do you have access to both 2D and 3D reports, you can create reports in a variety of formats, including bar and graph reports, scatter plots, box plots and heat maps, efficient frontier and sensitivity analyses, and geospatial reports. Business analysts and managers can generate reports on their own and distribute them in multiple formats as required. Insights can be gleaned by analytics professionals and executives quickly, and that information can be used to make business critical decisions.
Accelerate the time-to-market of new product offer and price decisions.
Increase competitiveness by enabling users to quickly analyze, determine, and deploy informed and actionable decisions. The Earnix solution enables you to make product adjustments in real time.
Discover the impact of offer, volume, and other variables on business performance. Earnix gives you the ability to predict and test the outcomes of decisions prior to deployment.
Adjust strategies and tactics based on market dynamics and receive immediate feedback. Earnix modules share critical data so you can develop and test accurate, robust customer models quickly and easily.
Reduce the effort of regulatory compliance. Earnix increases accountability and retrieves the logic behind every strategy, giving organizations the information they require.