{"id":22428,"date":"2024-09-06T18:04:27","date_gmt":"2024-09-06T18:04:27","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=81666"},"modified":"2024-09-06T18:04:27","modified_gmt":"2024-09-06T18:04:27","slug":"leading-canadian-insurer-expands-vendor-agreement-with-earnix-to-implement-enterprise-rating-engine","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/09\/06\/leading-canadian-insurer-expands-vendor-agreement-with-earnix-to-implement-enterprise-rating-engine\/","title":{"rendered":"Leading Canadian Insurer Expands Vendor Agreement with Earnix to Implement Enterprise Rating Engine"},"content":{"rendered":"

Earnix\u2019s Ready for Guidewire<\/em> accelerator will enable operational efficiencies and streamlined strategic growth<\/h3>\n

Boston, MA (Aug. 27, 2024) \u2013 Earnix, the leading global provider of intelligent decisioning SaaS solutions for financial services, is pleased to announce that a leading Canadian financial services co-operative, Co-operators General Insurance Company (Co-operators) has successfully implemented the Earnix Enterprise Rating Engine as its production rating solution for homeowners\u2019 insurance. Now, Co-operators is excited to use Earnix\u2019s Ready for<\/em> Guidewire<\/em> accelerator to help further realize the benefits of a single pricing and rating platform by significantly streamlining  delivery of future lines of business.<\/p>\n

\u201cAgility is critical to stay competitive in today\u2019s rapidly changing market \u2013 the right tools and solutions can significantly impact our success in doing so,\u201d said Am\u00e9lie Beauregard, Vice President, Home and Auto Pricing at Co-operators. \u201cWe came on as an early adopter of Earnix\u2019s Guidewire accelerator and have already seen gains in our speed to market driven by new operational efficiency. We look forward to seeing further enhancements from Earnix as we refine our approach.\u201d<\/p>\n

Co-operators has been a longstanding Earnix customer since 2015. After eight years of successfully leveraging Earnix for modeling and analytical pricing, this implementation, which includes the enhanced rating engine capability, will allow for Co\u2011operators to leverage the benefits of Earnix\u2019s single native platform. The all-in-one solution drives pricing, customer acquisition, customer retention, revenue, and profitability for the organization.<\/p>\n

Earnix\u2019s Ready for Guidewire<\/em> accelerator<\/a> provides both efficiency and flexibility by integrating the PolicyCenter and Earnix systems together for most P&C lines of business. According to Deloitte Canada, the accelerator will result in material reductions in efforts to deliver new externalized ratings to the market. Externalizing cloud rating enables pricing\u2019s ability to remain agile and flexible by eliminating the need to align pricing changes with an information system\u2019s schedule. This agility provides the opportunity to respond to market demands and operational needs with speed and precision. Externalizing also enables the ability to leverage advanced analytics for improved pricing accuracy and optimize profitability.<\/p>\n

\u201c\u2060We are proud to provide Co-operators with streamlined integration of the Earnix Rating Engine and the ability to power their rapid delivery of new and updated products, all via our Guidewire accelerator<\/em>,\u201d said Robin Gilthorpe, CEO, Earnix. \u201cCo-operators selection of Earnix\u2019s rating solution demonstrates their forward-thinking approach to leveraging and deriving meaningful value from technology.\u201d<\/p>\n

For more information on Earnix\u2019s rating engine software, please click here,<\/a><\/p>\n

To learn more about the Earnix Ready for Guidewire<\/em> accelerator, please click here<\/a>.<\/p>\n

About Co-operators<\/b><\/h4>\n

Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co-operators has more than $65 billion in assets under administration and has been providing trusted guidance to Canadians since 1945. The organization is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co\u2011operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co\u2011operators is also ranked as a Corporate Knights\u2019 Best 50 Corporate Citizen in Canada. For more information, visit www.cooperators.ca<\/a>.<\/p>\n

About Earnix<\/b><\/h4>\n

Earnix is the premier provider of mission-critical, cloud-based intelligent solutions across pricing, underwriting, rating, and product personalization. These fully integrated solutions provide ultra-fast ROI and are designed to transform how global insurers and banks are run by unlocking value across all facets of the business. Earnix has been innovating for insurers and banks since 2001, with customers in over 35 countries across six continents and offices in the Americas, Europe, Asia Pacific, and Israel. For more information, visit earnix.com<\/a>.<\/p>\n

SOURCE: Earnix<\/em><\/p>\n

Tags: Co-operators<\/a>, Earnix<\/a>, Guidewire<\/a>, platform<\/a>, Software as a Service (SaaS)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Earnix\u2019s Ready for Guidewire accelerator will enable operational efficiencies and streamlined strategic growth Boston, MA (Aug. 27, 2024) \u2013 Earnix, the leading global provider of intelligent decisioning SaaS solutions for financial services, is pleased...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22428"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22428"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22428\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}