Earnix and Sapiens Partner to Enhance Operational Efficiency for P&C Insurers in EMEA and APAC

Earnix and Sapiens International Corporation have partnered to launch the Earnix Price-It Connector for Sapiens IDITSuite, an integrated, intelligent pricing and rating solution tailored for insurers in EMEA and APAC. The solution enables insurers to define products and build rates in Earnix, and seamlessly integrate them into modernised workflows in Sapiens IDITSuite. This will enhance pricing, rating, and policy management processes, and ultimately improve profitability. The connector provides a bi-directional flow of data between Earnix and Sapiens, allowing real-time premium calculations, quote generation, and policy issuance for new business, endorsements, and renewals.

In a strategic move to enhance operational efficiency for property and casualty (P&C) insurers, Earnix and Sapiens International Corporation have announced the launch of the Earnix Price-It Connector for Sapiens IDITSuite. This integrated, intelligent pricing and rating solution is tailored for insurers operating in the EMEA and APAC regions [1].

The new connector allows insurers to define products and build rates within Earnix, seamlessly integrating these capabilities into modernised workflows in Sapiens IDITSuite. This partnership aims to streamline pricing, rating, and policy management processes, ultimately improving profitability for insurers [1].

The Earnix Price-It™ Connector facilitates a bi-directional flow of data between Earnix and Sapiens, enabling real-time premium calculations, quote generation, and policy issuance for new business, endorsements, and renewals. This integration empowers insurers to respond swiftly to market demands, make informed pricing decisions, and enhance overall operational efficiency [1].

Key benefits of the Earnix Price-It Connector for Sapiens include:

- Accelerated Implementation: The connector allows for rapid integration of the Earnix rating engine with the Sapiens Policy Administration System.
- Enhanced Pricing Sophistication: Leveraging predictive analytics and AI, insurers can align rates with risk more effectively.
- Innovative Rate-Making Strategies: Low-code tools enable rapid adjustments to rate-making strategies in response to market shifts.
- Reduced Errors and Improved Efficiency: Manual rate recoding across systems is eliminated, reducing errors and enhancing operational efficiency [1].

Robin Gilthorpe, CEO of Earnix, expressed excitement about the new connector: "This marks a significant step in our strategic partnership with Sapiens, further building out our ecosystem of valuable integrations with key vendors in the insurance technology space" [1].

Roni Al-Dor, President and CEO at Sapiens, echoed this sentiment, stating: "Together, we are addressing the evolving needs of our joint customers by delivering seamless integration that enables insurers to optimise their operations with technology, improve pricing strategies, and enhance overall business performance" [1].

Sapiens International Corporation, a global leader in intelligent SaaS-based software solutions, and Earnix, a premier provider of mission-critical, intelligent decisioning across pricing, underwriting, rating, and product personalisation, have combined their expertise to create a solution that promises to transform the insurance industry [1].

References:
[1] https://www.prnewswire.com/news-releases/earnix-and-sapiens-partner-to-unlock-operational-efficiency-for-pc-insurers-in-emea-and-apac-302523068.html