Software optimizes insurance quotes and pricing.
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Press Release Summary:
Combining analytics with business rules and constraints, Earnix Optimizer(TM) v4 helps insurers and banks gauge impact of each rating decision on customer acquisition, retention, and profitability. Solution is based on IBM Websphere Application Server and DB2 technologies, can be seamlessly integrated into enterprise systems, and supports grid computing. Software ensures quoted premiums and interest rates are in line with customer needs, risk considerations, and corporate goals.
Original Press Release:
Earnix Releases Version 4.0 of its Insurance Price Optimization Software
LONDON, June 12 -- Earnix Ltd., a leading provider of price optimization solutions for the financial services, today announced the release of Earnix Optimizer(TM), Version 4.
Earnix Optimizer(TM) combines sophisticated analytics with business rules and constraints to help insurers - and banks - gauge the impact of each rating decision on customer acquisition, retention and profitability.
Based on Earnix Optimizer's(TM) enterprise architecture, version 4 marks significant advances in Insurance Price Optimization, with several state-of-the-art new feature.
Version 4 is based on IBM's Websphere Application Server and DB2 technologies, can be seamlessly integrated into most enterprise systems, and supports grid computing.
"Version 4 further enhances Earnix's comprehensive price optimization solution for insurance and financial services companies", said David Schapiro, Earnix's CEO, "with this version, we have extended the applicability of price optimization far beyond the immediate activity of price analytics and into the organization's core business processes. Insurers - and bankers - can be more certain than ever that premiums and interest rates quoted are in line with customer needs, risk considerations, corporate goals related to portfolio profitability and size, customer lifetime value goals, regulatory requirements, and competitive positioning."
About Earnix
Earnix is a leading provider of price optimization solutions for the insurance and financial services industries. Earnix's solutions are being used today by leading insurance companies to achieve significant improvements in profitability. Earnix is led by a team of seasoned professionals with experience in financial services, price optimization, and enterprise software development. The company is privately funded by leading venture capital firms.
For More Information Please Contact:
Barak Melnik
Vice President of Products and Business Development
Earnix Ltd.
Tel.+972-3-753-8292 ext. 8326
Fax +972-3-7538293
barak.melnik@earnix.com
http://www.earnix.com
