Sapiens International Corporation, a global provider of software solutions for the insurance industry, and Earnix, an AI Platform for insurance providers, have partnered to enhance operational efficiency for P&C Insurers in Europe, the Middle East and Africa (EMEA) and Asia–Pacific (APAC).
This new solution allows insurers to define products and build rates in Earnix and seamlessly integrate them into modernised workflows in Sapiens IDITSuite.
The partnership is designed to help insurers enhance pricing, rating, and policy management processes by enabling a seamless data flow between the two systems via the connector.
With the Earnix Price-It™ Connector, insurers can benefit from a bi-directional data flow that supports real-time premium calculations and quote generation.
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The connector also assists IDITSuite in issuing policies and handling endorsements and renewals.
This solution aims to empower insurers to respond swiftly to market demands, make informed pricing decisions, and ultimately improve profitability.
Robin Gilthorpe, CEO of Earnix, said: “We are excited to introduce the Earnix Price-It Connector for Sapiens IDITSuite, which will empower insurers to integrate modern solutions into their existing technology stacks, driving operational efficiency and ultimately enhancing their business outcomes.
“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.”
The Earnix Price-It Connector for Sapiens enables insurers to accelerate implementation timeframes and rapidly integrate the Earnix rating engine with the Sapiens Policy Administration System.
It also helps insurers to enhance pricing sophistication by leveraging predictive analytics and AI to align rates with risk; innovate rate-making strategies using low-code tools for rapid adjustments in response to market shifts; and reduce errors and improve operational efficiencies by eliminating manual rate recoding across systems.
Roni Al-Dor, President and Chief Executive Officer (CEO) at Sapiens, commented: “We are pleased to collaborate with Earnix on the development of this innovative connector. 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.
“This partnership is a significant step towards unlocking efficiency and value around rating engine flexibility and lifecycle policy processing, as well as unified claims and billing.”
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