Sapiens, Earnix Partner for Integrated Pricing, Rating Solution for Insurers

Sapiens International and Earnix have partnered to develop an integrated, intelligent pricing and rating solution for insurers. The Earnix Price-It Connector for Sapiens IDITSuite allows insurers to define products and build rates in Earnix and seamlessly integrate them into modernized workflows in Sapiens IDITSuite, enhancing pricing, rating, and policy management processes. The solution is tailored for insurers in EMEA and APAC.

Sapiens International Corporation (NASDAQ: SPNS) and Earnix have announced a strategic partnership to develop an integrated, intelligent pricing and rating solution for insurers. The new Earnix Price-It™ Connector for Sapiens IDITSuite enables insurers to define products and build rates in Earnix, seamlessly integrating them into modernized workflows in Sapiens IDITSuite. This partnership aims to enhance pricing, rating, and policy management processes for P&C insurers in the EMEA and APAC regions.

The Earnix Price-It Connector facilitates a bi-directional flow of data between Earnix's rating engine and Sapiens' core insurance platform, allowing for real-time premium calculations, quote generation, and automated policy issuance. This solution accelerates implementation timeframes, enhances pricing sophistication through AI and predictive analytics, and supports innovative rate-making strategies using low-code tools. By eliminating manual rate recoding across systems, the connector significantly reduces operational errors and improves overall efficiency.

Sapiens and Earnix have collaborated to address the evolving needs of their joint customers, delivering a seamless integration that optimizes operations with technology. This partnership is a significant step towards unlocking efficiency and value around rating engine flexibility and lifecycle policy processing.

The new connector is tailored for insurers in EMEA and APAC, where many struggle with legacy system integration challenges. By modernizing pricing capabilities without full core system replacement, the connector reduces implementation risk and speeds time-to-value, making it a pragmatic approach to digital transformation.

The partnership between Sapiens and Earnix is a strategic integration that bridges the gap between pricing/rating systems and core policy administration, traditionally siloed processes that often create inefficiency and data inconsistency. This integration empowers insurers to respond swiftly to market demands, make informed pricing decisions, and ultimately improve profitability.

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
[2] https://www.stocktitan.net/news/SPNS/earnix-and-sapiens-partner-to-unlock-operational-efficiency-for-p-c-cwg23s5ob24n.html
[3] https://www.prnewswire.co.uk/news-releases/earnix-and-sapiens-partner-to-unlock-operational-efficiency-for-pc-insurers-in-emea-and-apac-302523071.html