Earnix, an insurance and banking solution provider, has partnered with insurance digital advisory Exavalu to help property and casualty (P&C) insurance carriers modernise pricing and rating flexibility.
With the new service, carriers can launch personalised products with flexible pricing based on relevant analytics and modern rate management processes to ensure alignment of pricing strategies with business goals.
The partnership aims to combine technology — such as AI and machine learning — with solutions consulting expertise to ensure operational flexibility and integration with core policy management systems.
The product enables real-time decision making using analytical modelling and AI capabilities.
Saurav Basu, president and founder of Exavalu, comments: “As carriers modernise 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.
“Exavalu’s 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.”
Ruth Fisk, head of business development at Earnix, says: “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.”
