Earnix, a provider of rating, pricing, and product personalization services for insurers and banks, has acquired AI-powered telematics provider Driveway Software Corp.’s assets. The assets include a telematics app, which will establish a new offering inhttps://www.themiddlemarket.com/latest-news/earnix-buys-driveway-software-corp-s-assets …
#Earnix’s innovative new offering empowers auto insurers to more efficiently manage the entire lifecycle for personalized #telematics-based UBI/BBI through mobile-centric engagement.
Read about the #insurance industry's unprecedented new UBI offering >> http://ow.ly/kdHe50FBHzJ pic.twitter.com/NkdGfOWB9o
#MachineLearning models in a demanding, high performance enterprise production environment is critical in today’s fast-paced business climate.
Learn how you can accelerate your analytical maturity with #Earnix >> http://ow.ly/PhTV50FAD5s
#fintech #insurtech #ai #mlpic.twitter.com/XultJ3Qo4c
@ValuatesReports study: Insurance companies using AI improved their loss ratios by 3%-9%. Further, insurers leveraging predictive analytics grew their direct written premiums by 53%, compared with an 18% market avg.https://www.propertycasualty360.com/2021/07/13/commercial-insurance-to-see-8-5-cagr-through-2028/ …
Commercial insurance to see 8.5% CAGR through 2028
“Adoption of advanced technology, such as
#AI, #predictiveanalytics and #machinelearning, is anticipated to bring major opportunities for commercial insurers”
https://www.propertycasualty360.com/2021/07/13/commercial-insurance-to-see-8-5-cagr-through-2028/ … @PC_360 @PC360_Markets
How can commercial insurers capture the diverse SME market?
@PeterWReynolds, Head of Insurance - International, spoke at @InsTech_London to discuss why personalization is the key.
Read up on the panel takeaways here, via our partners at @SapiensIns:https://www.sapiens.com/ea/blog/mind-the-gap-the-potential-of-the-commercial-sme-market-for-insurers …