Earnix Emerges as Category Leader in AI-Powered Insurance Transformation

JVP Annual Meeting 2024 Courtesy

As the insurance industry confronts rising consumer expectations, market volatility, and the growing imperative to personalize services in real time, insurers around the world are racing to modernize. A wave of new technologies is flooding the sector, from AI to dynamic pricing to usage-based models. But despite the need for a wholesale transformation, only a handful of companies are delivering the scale, speed, and enterprise-grade reliability needed to meet the moment.

One company rapidly emerging as a category leader is Earnix. At its quarterly board meeting earlier this month in New York City, held at JVP’s Margalit Startup City hub in SoHo, Earnix brought together global leadership to review its accelerating expansion across North America, Europe, Israel, and Asia Pacific. The company now works with over 100 of the world’s largest insurers, helping them modernize how they price, rate, underwrite, and personalize offerings through a powerful AI-driven platform designed for real-time decision-making.

Founded in Israel and now operating across six continents, Earnix provides technology that allows insurers to move beyond legacy systems and static models. In doing so, it is positioning itself as a once-in-a-generation disruptor.

“It’s wonderful to see a company developing so broadly, in Israel, North America, Europe, Australia, and other parts of the world,” said Dr. Erel Margalit, Chair of the Earnix board and founder of JVP, an early investor in Earnix.

Margalit emphasized the deeper implications of Earnix’s work in an increasingly AI-driven economy. “AI is a new phenomenon for many consumers who are just now beginning to use it in ways that transform how they search, learn, and understand the world. But beyond that, AI has the power to transform entire industries, and one of the most critical is insurance,” he said.

Earnix’s platform uses machine learning and real-time data to deliver dynamic pricing, usage-based insurance (UBI), and personalized product offerings. Its clients include a growing list of global players such as USAA, Liberty Mutual, Toyota Financial Services, and Generali. The company’s impact, executives argue, goes far beyond efficiency—it’s about reshaping how insurers understand and serve the evolving needs of customers.

“People insure their homes, their cars, their families, their lives, and their livelihoods,” Margalit added. “The insurance companies that support them need AI to better understand, predict, and serve the needs of the future.”

Earnix’s growing reputation as a category leader in insurance AI is driven by its ability to deliver enterprise-grade solutions to carriers of all sizes, from multinational giants to regional providers looking to stay competitive. The company’s expansion into new global markets reflect confidence in its ability to lead the sector’s next chapter.

“It’s amazing to see how Earnix is becoming the platform that enables large, mid-size, and even smaller insurers to price, rate, underwrite, and ultimately predict risk more effectively, helping protect individuals across the world,” Margalit said.

With a new slate of board members and continued investment in product innovation, Earnix is preparing to scale even further in the year ahead, driving the transformation of insurance into a smarter, more responsive industry built for the age of AI.