Case Study: Personal Lines Insurer achieves 3.5% profit improvement with Earnix Insurance Suite

Personal Lines Insurer

A leading personal lines insurer in the insurance industry faced intense competition, a rapidly softening market, and strict renewal pricing constraints that made pricing errors especially costly. With limited actuarial resources and pressure to improve retention, the company needed a highly reliable pricing analytics solution. Earnix was selected to support the insurer’s pricing process with the Earnix Insurance Suite.

Earnix implemented a three-month program that included business scenario development, scenario testing on 30% of the renewal book, and comprehensive modeling for renewal demand and switching behavior. The solution was fully integrated into the insurer’s pricing process and delivered strong results: profit improved by over 3.5% of premium written, retention increased slightly, and the model predicted the impact of price changes with over 90% accuracy.