Harness the Power of Dynamic Pricing with Earnix’s New Guidewire Marketplace App
Guidewire and Earnix announced that Earnix’s new Ready for Guidewire validated accelerator is now available to Guidewire PolicyCenter Cloud users in the Guidewire Marketplace.
Earnix Price-It is a dynamic pricing and rating solution infused with industry-leading data science and backed by artificial intelligence and analytical modeling. Insurers can quickly create prices and personalized product offers that account for a wide variety of customer risk factors, while aligning to company strategies and goals. Insurers can also monitor deployed rates and adapt pricing strategies in real time. With visibility into both real-time and overall performance, insurers can generate impactful offerings that meet changing customer demands.
Earnix’s Accelerator for Rating and Pricing enables insurers to:
- Establish a real-time, bi-directional connection between Guidewire and Earnix to reduce manual labor and improve productivity;
- Accelerate time-to-market speed with price changes in less than 30 minutes and rate creation and deployment in less than 72 hours; and
- Improve profitability with more accurate rates and responsive rate changes, along with more personalized offers for customers.
Earnix Price-It also includes in-platform modeling capabilities, allowing insurers to understand the impact their decisions and rates will have before the offer is put into the marketplace.
“The collaborative effort between Earnix and Guidewire is designed to facilitate faster adoption and increased ongoing performance of our shared offerings,” said Dror Pockard, Chief Strategy Officer, Earnix. “Integrating Earnix Price-It with PolicyCenter expedites time-to-value by reducing implementation time and costs, while accelerating insurers’ speed-to-market in updating prices and products, and testing products in the market.”
“Congratulations to Earnix on the release of its new PolicyCenter app,” said Will Murphy, Vice President, Global Solution Alliances, Guidewire. “Alone, Guidewire’s technology empowers our customers to innovate and grow in a demanding market. When integrated with Earnix, our mutual customers can further innovate by capitalizing on new market opportunities and grow profitably, thanks to agile product design, rating, and pricing.”