From the Wires
Earnix Concludes its First Pricing and Innovation Summit for General Insurance
By: Business Wire
Nov. 6, 2012 04:01 AM
Earnix, a leading provider of Integrated Pricing and Customer Analytics™ solutions for banking and insurance, concluded its first Pricing and Innovation Summit with executive attendees from insurance companies in Australia, Czech Republic, Denmark, France, Ireland, Israel, Norway, Poland, South Africa, Spain, United Kingdom and the USA.
Held at the Andaz Hotel in London on October 23rd and 24th, the two day summit agenda offered a series of presentations, panel discussions and case studies on a wide range of topics, including; management of innovation, multi-channel distribution, pricing sophistication, fraud prevention, analytics implementation and the future use of Big Data in the insurance industry. The event also provided an environment for the attendees to network, socialize, and informally share their Earnix experience.
The event kicked off with opening remarks from Earnix CEO David Schapiro. In addition to other Earnix speakers, the program welcomed guest speakers from AXA, RSA, Direct Line Group, Liberty Direct, BGL, Zurich Insurance Group, and McKinsey & Company.
Alan Bauer, former Direct Group President, Progressive Insurance, delivered the keynote address with a focus on emerging trends in insurance. Commenting on his summit experience, Alan noted, “The Earnix summit was truly a rare and marvellous opportunity to be exposed to some of the latest ideas and finest thinkers with respect to insurance. I learned a ton.”
Other attendees also shared their perspective on the summit with Peter Hubbard, Group Chief Executive with UK General, saying, "What I liked about the Earnix Summit was the deep insight and open discussion about fundamentally important industry problems."
Peter Jackson, Travelex CEO added, “The uniqueness of the Earnix Summit was in the forum of executive and technical analytical savvy professionals. This was indeed the right forum to discuss pricing optimisation and behavioural economics.”
“We are very pleased with the success of this inaugural event. The number and calibre of the attendees and speakers proved to provide great content and an ideal format for fostering interaction between and insight from insurance leaders from all parts of the globe,” said Earnix CEO David Schapiro. “The planning for next year’s event is already underway and we look forward to taking what we learned from our recent event to make the next one even better, while being sure to maintaining the unique executive interactive summit format that worked so well.”
Earnix Integrated Pricing and Customer Analytics™ software empowers financial services companies to predict customer demand and its impact on business performance, enabling alignment of pricing and products with changing market dynamics. Earnix combines risk and demand modeling with real-time connectivity to core operational systems, bringing the power of analytic-driven decisions to every customer interaction. Banks and insurers rely on Earnix solutions to optimize deposit, loan, and policy prices. For more information visit www.earnix.com.
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