Earnix Enhances AI Power Through Zelros Acquisition to Revolutionize Insurance Pricing and Underwriting
Earnix, a pioneering dynamic AI platform focused on the insurance sector, has made headlines with its recent acquisition of Zelros. This strategic move aims to empower pricing and underwriting professionals to deliver precise offers while enhancing customer engagement. The merger of Earnix’s predictive AI with Zelros’ generative AI capabilities is set to revolutionize customer interactions and overall business performance within the insurance industry.
Transforming Customer Engagement in Insurance
The acquisition marks a significant step in creating a comprehensive AI solution that spans the entire customer lifecycle—from risk assessment to claims management. Both Earnix and Zelros are renowned for supporting major global insurers and banks, including industry giants like Aviva, AXA, and Santander.
Statements from Leadership
Robin Gilthorpe, CEO of Earnix, expressed enthusiasm about the acquisition, stating, “We are thrilled to announce Earnix’s acquisition of Zelros, a strategic decision that reinforces our position as a leader in responsible AI innovation.” He also highlighted the establishment of a development center in France, emphasizing the importance of this market for future growth.
Damien Philippon, co-founder and CEO of Zelros, added, “By integrating our predictive and generative AI capabilities, we aim to redefine the customer experience through personalized, data-driven interactions that foster trust and enhance customer retention.”
Strategic Expansion in Europe
Dr. Erel Margalit, chairman of Earnix and other innovative companies, noted, “Earnix has established itself as the premier AI platform for Pricing, Rating, and Insurance Operations across over 35 countries. Our collaboration with core system providers like Guidewire allows us to provide dynamic, data-driven solutions that adapt to evolving market conditions.” He emphasized that France is a critical focus as Earnix expands its European operations.
Financial Details of the Deal
The financial specifics of the acquisition have not been disclosed, but the collaboration is expected to yield significant advancements in AI-driven solutions for the insurance sector.
- Strengthened AI capabilities for pricing and underwriting.
- Improved customer engagement through personalized interactions.
- Expansion of Earnix’s footprint in the European market.
- Collaboration with leading insurers and banks worldwide.
This acquisition is poised to set a new standard in the insurance industry, allowing companies to better meet the needs of their clients while driving innovation through advanced AI technologies.
For more insights on the future of AI in insurance, visit InsurTech News.
