Earnix, the leading global provider of AI-based SaaS pricing and rating solutions for financial services, and Exavalu, a leading global insurance digital advisory and system integration consulting firm, today announced a strategic partnership to provide leading property and casualty insurance carriers with improved operational and analytical flexibility to accelerate product pricing and rating innovation. This partnership combines technology and solutions consulting expertise to ensure operational flexibility and solid integration with core policy management systems.
In today’s turbulent insurance market, carriers need modern and flexible pricing strategies supported by robust pricing analysis. Traditional models are inflexible and antiquated. To stay competitive, insurers must leverage analytics and AI and machine learning to enable dynamic pricing, rating, underwriting and product innovation.
Earnix enables real-time decision-making using robust analytical modeling and AI capabilities. With this partnership, carriers can swiftly launch personalized products with flexible pricing based on pricing analytics and modern rate management processes to ensure alignment of pricing strategies with flexible business goals. Earnix and Exavalu services empower carriers to effectively utilize pricing analytics and AI/ML models for maximum flexibility.
“As carriers modernize their core, digital and data capabilities, improving pricing analytics, accelerating market data integration and automating rate manufacturing and deployment using a single modern, low-code pricing and rating system become essential for speed to market,” said Saurav Basu, President and Founder, Exavalu Inc. “Exavalu’s deep insurance technology and operational advisory and implementation expertise complement the power and flexibility of the Earnix platform to create a competitive advantage for digital carriers.”
“We are thrilled to combine the decades of experience of Exavalu’s advisory services, technology consulting and system integration teams with Earnix’s technology to meet the most pressing strategic transformational challenges of top tier insurers,” said Ruth Fisk, Head of Business Development at Earnix.
To learn more about how Earnix and Exavalu work together, click here.
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