The new Earnix Price-It™ Connector for Sapiens IDITSuite will provide an integrated, intelligent pricing and rating solution tailored for insurers looking to optimise their current operations.
Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Earnix, a leading dynamic AI Platform for insurance providers, announced today the availability of the Earnix Price-It Connector for Sapiens IDITSuite for P&C core solution.
The solution is tailored for insurers in EMEA and APAC. This innovative solution allows insurers to define products and build rates in Earnix, and seamlessly integrate them into modernised workflows in Sapiens IDITSuite.
The partnership is designed to help insurers enhance pricing, rating, and policy management processes, by enabling a seamless data flow between the two systems via the connector.
The Earnix Price-It™ Connector provides a bi-directional flow of data between Earnix and Sapiens, allowing real-time premium calculations, quote generation, and it supports IDITSuite in policy issuance for new business, endorsements, and renewals. This solution empowers insurers to respond swiftly to market demands, make informed pricing decisions, and ultimately improve profitability.
The Earnix Price-It Connector for Sapiens enables insurers to:
- Accelerate implementation timeframes and rapidly integrate the Earnix rating engine with the Sapiens Policy Administration System
- Enhance pricing sophistication by leveraging predictive analytics and AI to align rates with risk
- Innovate rate-making strategies using low-code tools for rapid adjustments in response to market shifts
- Reduce errors and improve operational efficiencies by eliminating manual rate recoding across systems
“We are excited to introduce the Earnix Price-It Connector for Sapiens IDITSuite, which will empower insurers to integrate modern solutions into their existing technology stacks, driving operational efficiency and ultimately enhancing their business outcomes,” said Robin Gilthorpe, CEO of Earnix. “This marks a significant step in our strategic partnership with Sapiens, further building out our ecosystem of valuable integrations with key vendors in the insurance technology space.”
“We are pleased to collaborate with Earnix on the development of this innovative connector,” said Roni Al-Dor, President and Chief Executive Officer (CEO) at Sapiens. “Together, we are addressing the evolving needs of our joint customers by delivering seamless integration that enables insurers to optimise their operations with technology, improve pricing strategies, and enhance overall business performance. This partnership is a significant step towards unlocking efficiency and value around rating engine flexibility and lifecycle policy processing, as well as unified claims and billing.”
