Earnix and Exavalu partner to revolutionise property & casualty insurance pricing

Earnix, a leading global provider of AI-driven Software as a Service (SaaS) solutions for pricing and rating in financial services, has joined forces with Exavalu to empower top property and casualty insurance carriers with heightened operational flexibility and analytical insight.

In today’s dynamic insurance market, carriers seek modern and adaptable pricing strategies underpinned by robust pricing analysis. Traditional models often lag in meeting these evolving needs, driving insurers to embrace analytics and AI for dynamic pricing, rating, underwriting, and product innovation.

Through this partnership, carriers gain the agility to swiftly introduce personalized products with flexible pricing structures, effectively aligning pricing strategies with overarching business objectives.

Earnix facilitates real-time decision-making through its robust analytical modeling and AI capabilities, while Exavalu contributes deep expertise in insurance technology, operational advisory, and implementation services.

Saurav Basu, President and Founder of Exavalu Inc, emphasized the importance of modernizing core, digital, and data capabilities for carriers. He highlighted the significance of improving pricing analytics, accelerating market data integration, and automating rate manufacturing and deployment using a unified, modern, low-code pricing and rating system. Basu underscored Exavalu’s commitment to leveraging its expertise to create a competitive edge for digital carriers in partnership with the flexibility and power of the Earnix platform.

Ruth Fisk, Head of Business Development at Earnix, expressed enthusiasm about the collaboration, highlighting the combined decades of experience brought by Exavalu’s advisory services, technology consulting, and system integration teams. Fisk emphasized the partnership’s ability to address the most pressing strategic transformational challenges faced by top-tier insurers, solidifying their position as industry leaders.

Source: fintech.global/