Earnix, a leading dynamic AI platform for insurance, has entered into a definitive agreement to acquire Zelros in a bid to enable pricing and underwriting professionals to deliver more accurate offers and improve customer engagement.
The move to acquire the Generative AI pioneer is set to drive better business outcomes for firms, by combining Earnix’s predictive AI platform with Zelros’ capabilities.
Zelros, a pioneer in Generative AI for insurers and banks, have entered into a definitive agreement for an acquisition. Both companies specialise in leveraging artificial intelligence (AI) to enhance business performance within the insurance and banking sectors.
Earnix provides an advanced AI-driven platform that focuses on dynamic pricing, rating, and insurance operations.
The company uses predictive AI to help insurers and banks make data-driven decisions across various business functions, including pricing, underwriting, and risk assessment.
Zelros is a leader in generative AI for the insurance and banking industries, offering a platform that provides AI-driven recommendations for insurers and banks.
By leveraging generative AI, Zelros helps businesses personalise offers and enhance customer interactions, improving conversion rates and customer satisfaction. The company has been recognised for its innovation in AI technology, particularly in the areas of risk decisioning and claims management.
This acquisition is expected to create synergies between the two companies, particularly in France, where Earnix plans to establish a key development centre.
By combining both companies’ technologies, the integration will offer insurers and banks a comprehensive AI solution that addresses the full customer lifecycle, from risk decisioning to claims management.
Both Earnix and Zelros already support prominent global insurers and banks, including Aviva, AXA, BPCE, IAG, Generali, Matmut, Santander, and Tokio Marine.
This partnership is designed to help these companies enhance their AI-driven operations and provide better services to their customers.
“As a mutual customer of Zelros and Earnix, we’re excited about the acquisition,” shared Stéphane Muller (chief insurance officer) and David Quantin (chief information officer) of Matmut. “The synergies between the two are compelling and will help us better meet our members’ coverage needs and experiences.”
“We are pleased to announce Earnix’s acquisition of Zelros, a strategic move that reaffirms us as the technology leader driving responsible AI innovation,” cited Robin Gilthorpe, CEO of Earnix. “Furthermore, we are strengthening our presence in France by establishing a key development center for the company in this critical market. We are excited about this new chapter and the immense potential it unlocks for our customers and partners.”
“With the integration of our leading predictive and generative AI capabilities, we aim to reshape the customer experience by providing personalized, data-driven interactions that build confidence and drive retention,” added Damien Philippon, co-founder and CEO of Zelros. “Our shared commitment to continuous innovation ensures that together, Earnix and Zelros will lead the way in delivering best-in-class solutions for the insurance and banking sectors.”
Dr. Erel Margalit, the chairman of Earnix and multiple other innovative companies, including, formerly, CyberArk (Nasdaq: CYBR), says “Over the last few years, Earnix has established itself as the preeminent AI platform for Pricing, Rating, and Insurance Operations across more than 35 countries. Working with core systems providers, such as Guidewire, Earnix is the complementary AI platform which allows for dynamic, data-driven responses to changing market conditions. France has been a key focus for us as we expand our European operations, and we are delighted to have Zelros and the team join us in Paris.”
The value of the deal has not been disclosed.
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