Earnix, the global provider of AI-based SaaS solutions for insurers and banks, today announced that NYCM Insurance, the award-winning New York State carrier, has selected Earnix to enhance its precision modeling capabilities and support dynamic pricing strategies.
Earnix powers insurers to compete, differentiate, and grow in highly competitive markets. NYCM aims to accelerate time-to-market and implement intelligent competitive pricing strategies. This will be achieved through robust data science, analytical modeling, and real-time AI capabilities of Earnix’s pricing and product personalization. Insurers can then rapidly develop and deploy rates through a process that supports governance, monitoring and compliance reporting.
“In our constantly evolving markets, NYCM Insurance believes in partnerships that propel progress,” said Ashley Staring, Vice President of Product Management. “Using Price-It from Earnix, we can shape rates, mold strategies, and rapidly introduce new products for our valued customers. As a significant bonus, we will also free up skilled resources for other critical initiatives. We are excited about this partnership and look forward to a successful program with Earnix.”
The Earnix platform seamlessly integrates existing systems and processes, to identify opportunities in real-time and act immediately, enabling insurers to improve customer retention, increase profitability and maintain healthy combined ratios.
“Innovative insurers like NYCM prioritize customer satisfaction, knowing it relates directly to their growth,” said Robin Gilthorpe, CEO at Earnix. “Partnering with NYCM is an excellent example of how Earnix advances carriers’ strategic pricing initiatives and develop new products.”
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