The global supplier of AI-based SaaS pricing and grading solutions for financial services, Earnix, has partnered with Hexaware, a provider of IT services and solutions.
Through smart pricing tactics, the collaboration hopes to ensure competitive advantage while increasing efficiency, lowering losses, and improving underwriting.
Hexaware aims to provide an all-encompassing method for underwriting procedures. Pricing models for insurers, brokers, and MGAs are supported by its pricing practice, which also facilitates pricing transformation across business lines. For more precise risk assessment and premium setting, intelligent pricing is essential.
Insurance pricing is changing as a result of emerging AI and ML technology. Insurers may create more precise and dynamic pricing models by properly evaluating individual risk factors with Earnix’s AI-driven models and superior data analytics.
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“Earnix is excited to join forces with Hexaware to drive significant advancements in the insurance industry,” said Ruth Fisk, Head of Business Development, Earnix. “By combining our expertise, we can offer a comprehensive suite of solutions that helps insurers optimize their pricing and risk management strategies, improve customer experience, and ultimately drive growth and profitability.”
These customized premiums quickly reflect changes in risk profiles and adjust to real-time data, increasing underwriting accuracy and client satisfaction.
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“Hexaware’s expertise in AI and ML, combined with Earnix’s pricing and underwriting solutions will help our clients refine pricing strategies, improve customer satisfaction, and maintain a competitive edge,” said Sandesh Shetti, Global Leader of Insurance, Hexaware.
About Earnix
Earnix, Global supplier of real-time, scalable, and agile solutions for banking and insurance operations.
About Hexaware
Hexaware provides technology and BPS worldwide. Hexawarians, 32,000+, wake up to create smiles through excellent people and technology. currently closing in on goal of being the world’s most loved digital transformation partner.
