Guidewire Marketplace now offers Earnix PolicyCenter version 10 for public access
In a significant move to enhance the capabilities of insurers, Earnix has announced the launch of its new PolicyCenter v10 accelerator for Guidewire PolicyCenter version 10 users. This integration, now available on the Guidewire Marketplace, promises faster adoption and increased ongoing performance of shared offerings between Guidewire and Earnix.
The new PolicyCenter integration is a standardized solution, pre-built and managed by Guidewire, known as a Built by Guidewire app. This bi-directional data flow between Earnix and Guidewire PolicyCenter streamlines the loading of data from Guidewire to Earnix and the storing of Earnix Price-It quotes and rates in PolicyCenter.
One of the key benefits of this integration is improved profitability. By enabling more accurate rates and responsive rate changes, insurers can ensure that their insurance offerings are priced competitively and aligned with market conditions. This agile innovation allows insurers to drive future product innovation through better collective data and analytics, enabling them to offer personalized offerings and respond quickly to market changes.
The integration also facilitates an efficient transition to Guidewire Cloud without requiring reimplementation, which can reduce operational costs and time. Additionally, the integration utilizes Earnix's Dynamic-AI platform to analyze data and rates stored in PolicyCenter, enabling insurers to assess the impact of their decisions before implementing them in the marketplace.
Will Murphy, Vice President of Marketplace and Technology Alliances at Guidewire, congratulated Earnix on the release of its new PolicyCenter integration. He highlighted that this integration is part of Guidewire's ongoing efforts to empower insurers with the right data at the point of making an insurance decision.
Robin Gilthorpe, CEO of Earnix, stated that the company is strengthening its partnership with Guidewire through its suite of accelerators to help insurers optimize processes and data exchange throughout the insurance lifecycle. Together, Earnix and Guidewire are offering solutions that help insurers respond rapidly to market changes and ultimately improve profitability.
With this new integration, insurers can stay one step ahead in the market by analysing the impact of their decisions and rates before they are added to the insurance marketplace. The Earnix PolicyCenter v10 accelerator not only enables insurers to improve profitability with more accurate rates and more responsive rate changes, but also helps them respond rapidly to market changes with a fully integrated intelligent pricing and rating solution.
This partnership between Earnix and Guidewire continues to strengthen, offering a promising future for insurers seeking to optimize their operations and stay competitive in the ever-evolving insurance market.
Insurers can utilize this new integration, the Earnix PolicyCenter v10 accelerator, to enhance their competitiveness by analyzing the impact of their decisions and rates before they are added to the market. By doing so, they'll be able to improve their profitability through more accurate rates and responsive rate changes, while also responding rapidly to market events with a fully integrated intelligent pricing and rating solution that leverages advanced technology and telematics. This partnership between Earnix and Guidewire, underpinned by underwriting innovations and backed by the Dynamic-AI platform, is a cornerstone of the companies' efforts to empower insurers with the right data for making decisions at crucial points in the insurance lifecycle.
