Earnix, the leading global provider of AI-based SaaS solutions for financial services, has partnered with HCLTech to drive transformation in insurance rating and pricing.
This move is set to modernise insurers’ systems, focusing on streamlining rating systems, upgrading legacy technologies, and improving operational quality and compliance.
Additionally, the collaboration will enable insurers to offer personalised products to customers while enhancing scalability and improving the carriers’ overall efficiency.
Earnix specialises in advanced analytics-driven pricing engines and offers software designed to help insurers and financial institutions optimise their pricing strategies.
HCLTech, on the other hand, brings deep expertise in domain knowledge and offers end-to-end support for large-scale technological transformations.
Together, the two companies will work to deliver faster ROI for carriers through rapid implementation, seamless system integration, and improved data management.
The partnership is set to reduce quoting times, modernise outdated systems, and provide insurers with tools that enhance compliance.
As the insurance sector continues to evolve, the move will enable carriers to boost their conversion rates and scale their operations effectively, even as they grow.
By enabling faster and more personalised solutions, insurers will be better equipped to navigate the challenges posed by dynamic market conditions and regulatory changes.
In discussing the partnership, Anubhav Mehrotra, SVP and Insurance Head, North America, HCLTech, highlighted the industry’s evolving reliance on technology, “The Insurance industry continues to adopt technology as a growth driver. Striking the right balance between innovation and efficiency will be key to supercharging progress for our customers with streamlined operations, enhanced customer experience, and accelerated growth. Combined with Earnix Rating and Pricing analytics, HCLTech’s deep domain experience in Insurance and next-gen capabilities are uniquely placed to help our clients in their growth journey.”
Ruth Fisk, Head of Business Development at Earnix, noted the value the collaboration brings to insurers, saying, “Together, Earnix and HCLTech enable carriers to offer more personalised solutions while optimising workflows and maximising the long-term value of their pricing tools. This helps insurers compete, innovate, and grow in the face of dynamic and uncertain market conditions and regulatory changes.”
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