Hexaware, a global IT services and solutions firm, has partnered with Earnix, a premier AI-centered SaaS pricing and rating solutions for financial services.
This symbiotic relationship is anticipated to transform underwriting practices, improve efficiency, mitigate losses, ensure compliance with the laws, and gain competitive advantage through smart pricing strategies.
Hexaware seeks to present a revolutionary concept of underwriting with the help of its innovative pricing policies. Intended for pricing change across several business lines and models, these solutions help insurers, brokers, and MGAs.
Hexaware is setting a new standard in the industry by leveraging intelligent pricing and to enable more precise risk assessments and optimizing premium settings.
AI and ML technologies are revolutionizing the insurance pricing landscape. Through the use of Earnix’s advanced data analytics, Cloud transformation services and AI-driven models, insurers are able to accurately measure individual risk factors and, hence, create the most precise and flexible pricing models.
These customised premiums enhance underwriting accuracy and boost customer satisfaction by adjusting to real-time data and promptly reflecting changes in risk profiles.
Sandesh Shetti, Global Leader of Insurance Hexaware, said, “Hexaware’s expertise in AI and ML, combined with Earnix’s pricing and underwriting solutions, will help our clients refine pricing strategies, improve customer satisfaction, and maintain a competitive edge.”
“Earnix is excited to join forces with Hexaware to drive significant advancements in the insurance industry,” said Ruth Fisk, Head of Business Development Earnix.
“By combining our expertise, we can offer a comprehensive suite of solutions that helps insurers optimise their pricing and risk management strategies, improve customer experience, and ultimately drive growth and profitability.”
About Hexaware Technologies
Hexaware is at the forefront of global technology and business process services, driven by a mission to bring joy through an exceptional workforce and cutting-edge technology.
With a dedicated team of over 30,000 Hexawarians, they are advancing their vision of becoming the world’s most cherished digital transformation partner.
They are committed to environmental stewardship and fostering a better future for their employees, customers, investors, partners, and the communities they serve.
Operating from 50 offices across 19 countries, Hexaware is uniquely positioned to help enterprises navigate digital transformation with unparalleled speed and scale. They collaborate with organizations to innovate, evolve, and enhance their technology and business processes.
