Tokio Marine partners with Earnix to streamline pricing and rating strategies

January 3, 2025

Tokio Marine North America Services (TMNAS) has partnered with Earnix, a global provider of AI-driven SaaS solutions, to develop a centralised rate repository aimed at enhancing pricing and rating strategies.

The move aims to streamline operations for TMNAS’s U.S. insurance businesses and ensure rapid time-to-market capabilities for its customers.

As the professional services arm of the Tokio Marine Group, TMNAS supports multiple insurance operations within one of the world’s largest insurance providers. The partnership with Earnix reflects TMNAS’s commitment to leveraging innovative technology to enhance its offerings. This collaboration will allow TMNAS to provide a single source of truth for pricing and rating, reducing errors and ensuring a more efficient process.

Earnix’s advanced solution enables data from customer rating systems to integrate seamlessly into a centrally governed tool. This technology reduces operational risks while enhancing the accuracy of pricing and filing processes.

Robert Pick, executive vice president and CIO at TMNAS, commented on the importance of innovation in the insurance sector. “Insurers want to—and must—innovate. The key when choosing new solutions is to select those that address the operation as a whole.

“Earnix integrates seamlessly across the entire tech stack and provides the agility to futureproof our businesses regardless of market or regulatory changes.”

Earnix CEO Robin Gilthorpe highlighted the value this partnership delivers, stating, “Tokio Marine North America Services has long embraced cutting-edge technology and approaches on behalf of its customers.

“This integration enables the important development of a centralized rate repository, building the foundation for sophisticated pricing and rating strategies and rapid time-to-market for the business. Earnix is proud to provide a solution that helps TMNAS manage multiple lines of business across the United States in the face of changing market conditions and a complex regulatory environment and meet the needs of its valued customers.”