Earnix, the software-as-a-service (SaaS) specialist, announced it has signed a definitive agreement to acquire Zelros, the Paris-based insurtech and developer of artificial intelligence solutions.
Financial details of the deal were not disclosed.
By combining Earnix’s advanced predictive AI platform with Zelros’s generative AI recommendations engine, insurance providers can present the right offer, at the right price, at the right time, Earnix said.
The joint offering provides precise decision-making at scale in regulated environments for pricing and product managers, underwriters, and agents, ultimately resulting in higher conversion rates with better customer engagement and satisfaction.
Both companies have suppored leading insurers and banks across the globe, such as Aviva, AXA, BPCE, IAG, Generali, Matmut, Santander, and Tokio Marine.
“We are pleased to announce Earnix’s acquisition of Zelros, a strategic move that reaffirms us as the technology leader driving responsible AI innovation,” commented Robin Gilthorpe, CEO of Tel Aviv-based Earnix. “Furthermore, we are strengthening our presence in France by establishing a key development center for the company in this critical market. We are excited about this new chapter and the immense potential it unlocks for our customers and partners.”
“With the integration of our leading predictive and generative AI capabilities, we aim to reshape the customer experience by providing personalized, data-driven interactions that build confidence and drive retention,” said Damien Philippon, co-founder and CEO of Zelros. “Our shared commitment to continuous innovation ensures that together, Earnix and Zelros will lead the way in delivering best-in-class solutions for the insurance and banking sectors.”
“Over the last few years, Earnix has established itself as the preeminent AI platform for pricing, rating, and insurance operations across more than 35 countries,” according to Dr. Erel Margalit, chairman of Earnix and multiple other companies, including, formerly, CyberArk.
“Working with core systems providers, such as Guidewire, Earnix is the complementary AI platform which allows for dynamic, data-driven responses to changing market conditions. France has been a key focus for us as we expand our European operations, and we are delighted to have Zelros and the team join us in Paris,” Margalit added.
About Earnix and Zelros
Earnix has been innovating for insurers and banks since 2001, with customers in over 35 countries across six continents and offices in the Americas, Europe, Asia Pacific, and Israel. Earnix is backed by investors JVP and Insight Partners.
Founded in 2016 by Christophe Bourguignat, Fabien Vauchelles and Damien Philippon, Zelros is a B2B software vendor that develops artificial intelligence solutions for insurance and bank insurance players.
Source: Earnix
Topics Mergers & Acquisitions InsurTech Data Driven Artificial Intelligence Tech
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