Risk Premium Modeling
Model risk. Predict results. Evaluate alternatives.
Better Understand Risk with the Most Powerful Tools of the Trade
Earnix Risk Premium Module (RPM) provides state-of-the-art statistical tools that enable insurance actuaries and analysts to build accurate and robust risk pricing models. Generalized Linear Modeling (GLM), Generalized Additive Models (GAM) based on Smoothing Splines, and Regression Trees, make actuarial work more accurate, faster, and easier. Translate model output into rating tables with a push of a button to promptly create even the most complex rating structures.
Simulate and Visualize Results
The Earnix user interface provides a single point of access to all the functionality you need so you can quickly and intuitively build your models, simulate changes to existing tariffs and rating tables, and conduct what-if analysis to predict the results of new pricing strategies.
An intuitive user interface and wide range of built-in charts with drill-down options help you analyze and compare models for selection of the best pricing strategy. Or use your corporate business intelligence tools to create additional customized graphs and reports based on Earnix RPM data.
Combine Risk and Behavior Analysis
Earnix RPM is designed to work in tandem with Earnix Optimizer , providing a combined risk and behavioral profile for 360-degree view of the customer. Easy integration with pricing execution and existing systems make Earnix RPM a vital component of your end-to-end pricing process.
Learn more about Earnix Price Optimization and Pricing Execution modulesA Collaborative Tool for Your Team
Unlike desktop-based tools, Earnix provides a multi-user solution that empowers you to effortlessly collaborate with your team.
Scales to Meet Your Needs on Premise or in the Cloud
Whether implemented on premise or in the cloud , the configurable server architecture of Earnix RPM supports parallel processing on several CPUs to provide fast and reliable results.
Learn more about Earnix in the Cloud
