Earnix and Hexaware Partner to Accelerate Insurance Pricing Transformation

Hexaware, an IT services and solutions provider, today announced a partnership with Earnix, a global provider of AI-based Saas pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduces losses, better comply with the regulations, and ensure competitive advantage through effective pricing strategies. 

Hexaware seeks to offer a comprehensive approach to underwriting practices. Its pricing practice supports pricing transformation across lines of business and pricing models for insurers, brokers, and MGAs. Intelligent pricing is crucial in enabling more accurate risk assessment and premium setting.

Emerging AI and ML technologies are transforming insurance pricing. With Earnix’s advanced data analytics and AI-driven models, insurers can evaluate individual risk factors precisely, creating more accurate and dynamic pricing models. These tailored premiums improve underwriting accuracy and customer satisfaction, adapting to real-time data and reflecting changes in risk profiles promptly.

“Hexaware’s expertise in AI and ML, combined with Earnix’s pricing and underwriting solutions will help our clients refine pricing strategies, improve customer satisfaction, and maintain a competitive edge,” said Sandesh Shetti, Global Leader of Insurance, Hexaware.

“Earnix is excited to join forces with Hexaware to drive significant advancements in the insurance industry,” said Ruth Fisk, Head of Business Development, Earnix. “By combining our expertise, we can offer a comprehensive suite of solutions that helps insurers optimize their pricing and risk management strategies, improve customer experience, and ultimately drive growth and profitability”

About Hexaware

Hexaware is a global technology and business process services company. Our 32,000+ Hexawarians wake up every day with a singular purpose; to create smiles through great people and technology. With this purpose gaining momentum, we are well on our way to realizing our vision of being the most loved digital transformation partner in the world. We also seek to protect the planet and build a better tomorrow for our customers, employees, partners, investors, and the communities in which we operate.

With 54 offices in 28 countries, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes.

Learn more about Hexaware at https://hexaware.com/

Safe Harbor Statement

Certain statements in this press release concerning our future growth prospects are forward-looking, which involve numerous risks and uncertainties that could cause actual results to differ materially from those in such statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases globally, our ability to attract and retain highly-skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

For more information, contact:
Reena Kamble
reenak3@hexaware.com