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Earnix, a provider of AI-based SaaS solutions, has teamed up with Exavalu, an insurance digital advisory and system integration consulting firm, to assist property and casualty (P&C) insurance carriers in updating pricing and rating flexibility. In a rapidly changing insurance market, where traditional pricing models are outdated, this partnership aims to leverage technology like AI and machine learning to enhance operational flexibility and integration with core policy management systems. The collaboration seeks to combine Earnix's real-time decision-making capabilities with Exavalu's expertise to enable carriers to launch personalized products with flexible pricing.
Saurav Basu, President and Founder of Exavalu Inc., highlighted the importance of carriers modernizing their core, digital, and data capabilities to stay competitive. By improving pricing analytics, market data integration, and automating rate manufacturing and deployment, carriers can achieve speed to market. Earnix's technology, coupled with Exavalu's advisory services and system integration teams, aims to address the strategic transformational challenges faced by top-tier insurers.
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