Earnix and Sollers Consulting Partner to Modernize Insurance Processes and Systems

The partnership enables clients to harness advanced analytics, machine learning, and AI capabilities, empowering them to make data-driven decisions, improve pricing strategies, optimize product offerings, and manage risk more effectively.

(Image source: Earnix.)

Earnix (Tel Aviv/London), a provider cloud-based intelligent real-time, dynamic pricing and rating solutions for insurers and banks, and Sollers Consulting (Warsaw/Richmond, Va.) , an international operational advisory and software integrator for the financial sector, have announced a partnership delivering Earnix solutions to property/casualty insurers in the U.K., U.S., France, Benelux, Nordics, and DACH regions. The partnership enables clients to harness advanced analytics, machine learning, and AI capabilities, empowering them to make data-driven decisions, improve pricing strategies, optimize product offerings, and manage risk more effectively, according to a joint announcement from the companies.

Ruth Fisk, Head of Business Development, Earnix.

Sollers and Earnix assert that their new partnership will increase insurers’ profitability by providing a solution that speeds time-to-market, enables personalized customer experiences, and brings both IT components and business elements together in an all-in-one, governed end-to-end process.

Earnix describes its offering as informing real-time decision making through robust data science, analytical modeling, and AI capabilities. Sollers says its professionals leverage strong analytical profiles, deep data sciences expertise, and a detailed understanding of Earnix solutions to collaborate closely with clients and ensure a seamless integration of the technology into their existing systems and processes. This streamlined implementation process allows clients to quickly start leveraging benefits. It also helps insurers compete, innovate, and grow in the face of dynamic and uncertain market conditions and regulatory changes.

Seamless Implementation Capabilities

“Sollers is well-known as an international enabler of innovation and an advocate for leveraging the most advanced technology,” comments Ruth Fisk, Head of Business Development, Earnix. “It’s an honor to partner with this like-minded organization to offer seamless implementation capabilities for our best-in-class technology to a wider market of insurers.”

The two companies say they will also collaborate on research and development projects, joint initiatives, diverse data sources, and co-creation programs that can lead to the development of novel solutions, improved processes, and the exploration of new opportunities within the insurance industry. By collaborating within the insurance ecosystem—including insurers, reinsurers, brokers, and InsurTech companies—Sollers says it helps Earnix access the diversity of data sources needed to develop more comprehensive and accurate models for advanced analytics, pricing, risk assessment, and customer segmentation.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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