Earnix, Exavalu Partner to help P&C Carriers Modernize Pricing and Rating

The partnership combines technology and solutions consulting expertise to ensure operational flexibility and solid integration with core policy management systems.

(Image source: Earnix.)

Earnix (Tel Aviv/London) a global provider of AI-based SaaS pricing and rating solutions for financial services, and Exavalu (Newport Beach, Calif.), a global insurance digital advisory and system integration consulting firm, have announced a strategic partnership to provide property/casualty insurance carriers with improved operational and analytical flexibility to accelerate product pricing and rating innovation. The partnership combines technology and solutions consulting expertise to ensure operational flexibility and solid integration with core policy management systems, according to a statement from the firms.

Ruth Fisk, Head of Business Development, Earnix.

Earnix enables real-time decision-making using analytical modeling and AI capabilities. With this partnership, the companies say that 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,” comments Saurav Basu, President and Founder, Exavalu. “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,” comments Ruth Fisk, Head of Business Development, Earnix.

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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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