Case Study: European Insurance Company boosts profitability with Earnix

New Business (Real-Time) and Renewal (Batch) Pricing

European Insurance Company, a large motor insurer in Europe with more than 20,000 agents and brokers and over 1 million policies, worked with Earnix to improve pricing for its new business and renewal motor insurance portfolio. After a merger complicated pricing across two brands, the company needed a more sophisticated way to optimize TPL and Casco pricing, better understand price sensitivity, and speed up pricing updates while reducing IT effort.

Earnix implemented its advanced pricing solution in both an online real-time environment and a batch renewal pricing process, integrating the platform with the insurer’s core systems and building analytical models to support scenario testing and monthly monitoring. Despite tight timelines and data-quality challenges, Earnix delivered a new pricing strategy that helped increase profitability by up to 1.7% over GWP, while also lifting market share by 0.3% and providing deeper analytics into the insurer’s pricing process.