Using Hierarchical Data Structures to Drive Better Models

I recently had one of those experiences where parenting intersected with analytics… The other day I told my daughter she has way too many shoes laying around the house. She replied with “well, I bet the Wilsons next door have more.” After I recovered from the initial shock of the smart-mouth-red-haired-monkey’s answer, I pointed out…

Are you a truly customer-centric insurer?

It is no surprise to anyone that financial services providers recognize the need to change the way they interact with their customers – everyone speaks about a customer centric approach and the need to be a customer centric organization. But what does this mean in practice? What are the necessary steps to take to have…

How Smart Is Your Competitive Intelligence?

There is no doubt that the competitive landscape in the North American personal lines insurance market is changing. The market is the most competitive it has ever been and growing market share seems to be a top priority for many carriers. This trend has resulted in the willingness of companies to price policies aggressively to…

More Eye-Opening Industry Survey Results – What’s New In Homeowners Insurance Ratemaking?

As many have noticed, homeowners insurance is heating up. Over the past few years companies have addressed many of the challenges in the highly competitive auto insurance market; now, carriers are switching their attention to homeowners. With highly volatile weather patterns, carriers have increased their focus on determining the right premium for their customers. Companies…

Driving Towards Integrated Customer Analytics in 2016

An interview with Earnix CEO, David Schapiro Sitting in David Schapiro’s office last week, I was quick to learn of his passion for the sea. The Earnix journey that started over a decade ago, can be thought of as a voyage over the changing seas of the financial services industry.

Canadian Insurers: Are Your Analytics On Track For 2016?

  It doesn’t surprise me that analytics will be the key focus for Canadian Insures going forward. According to a recent survey by FC Business Intelligence, 59% of over 100 Canadian insurance executives surveyed, believe that analytics will gain the lion’s share of their attention in 2016. Furthermore, it was pleasing to learn that survey…

Industry on the Verge of Change: Data Innovation, Disruption and Digitalization

It will please some of you to know that as this year’s Earnix Pricing and Innovation Summit MC, I got to enjoy the Summit from a totally different perspective. Because as much as the audience is watching the speaker, the speakers are watching the audience. And from up on stage, I saw a room of…

Are Insurance Carriers Ready to Jump Up Into the Cloud?

When we were approached by Carrier Management to write an expert opinion about how property & casualty insurers are getting their feet wet in cloud computing, we were enthusiastic to share our knowledge of the insurance market and our expertise in cloud computing specifically. For a long time now we have been advising our clients…

Eye-Opening Industry Survey Results – What’s New In Homeowners Insurance Ratemaking?

It’s no secret that the homeowners insurance business has historically taken a back seat to the other insurance lines when it comes to pricing sophistication. But now, insurance carriers are investing in their homeowners business as they realize this is an area with household growth potential. Furthermore, by focusing on improving their homeowners pricing precision…

CEO Shares His Thoughts on the Upcoming Earnix Pricing and Innovation Summit

The analytics world is evolving at a rapid pace. For many insurance and banking executives, keeping up with cutting-edge technologies in data-driven, decision-making is challenging. Additionally, there is a lack of relevant industry conferences that allow these topics to be deeply examined in pragmatic terms. We decided four years ago to step in and address…