Earnix, the London-based provider of Dynamic AI platforms for insurers and banks, has raised $290m in a Continuation Vehicle led by TPG GP Solutions and JVP. The deal gives JVP room to expand its stake while offering early investors liquidity.
Many chose to roll over, including Partners Group, HighVista Strategies, Committed Advisors, and Hollyport Capital. Growth fund backers Hamilton Lane and Lexington Partners now hold more than half of the business. Early investors saw a gross return of 8.7x.
The company runs a cloud-native AI platform built for real-time decisioning in pricing, underwriting, and product personalisation.
More than 100 tier-1 firms—including AXA, Generali, Tokio Marine, Banco Santander, IAG, Toyota Financial Services, and Munich Re—use Earnix to cut costs, drive revenue, and modernise operations.
The new capital will back global expansion and speed adoption of AI decisioning across the insurance risk cycle.
JVP founder and Earnix chairman Dr. Erel Margalit said the partnership with TPG signals support for building Earnix into a leading AI SaaS provider for financial services. He highlighted the company’s predictive AI capabilities as proof that the technology can scale across industries, transforming growth, cost efficiency, and customer reach.
AI is changing vertical industries with some of the most advanced technology that we’ve seen to date. I am proud of the Earnix management in North America, Europe, Israel, and around the world as the company becomes a major international leader.
Dr. Erel Margalit, Founder and Executive Chairman of JVP and Chairman of Earnix
“As evidenced by Earnix’s predictive vertical AI, artificial intelligence broadly is delivering the ability to use and translate huge volumes of structured and unstructured data to drive transformational growth, improve customer experience, reduce costs, and ultimately, serve more people in our rapidly changing and dynamic world,” Dr. Erel Margalit said.
CEO Robin Gilthorpe added that the investment validates Earnix’s position in Dynamic AI, extending a track record of deployments in 35 countries (see How AI is Transforming Cyber Insurance).
TPG GP Solutions co-managing partner Michael Woolhouse called Earnix a company redefining how insurers and banks make critical decisions, with technology already embedded at scale.
JVP and TPG GP Solutions’ support validates our leadership in Dynamic AI for the insurance sector. This builds on Earnix’s track record of successful customer deployments in 35 nations around the world and will accelerate adoption of AI-driven decisioning across the risk cycle for the banking and insurance industries.
Robin Gilthorpe, Earnix CEO
Alongside the funding, Earnix rolled out a new intelligent decisioning platform designed to improve compliance, accelerate decisions, and deliver personalised customer experiences.
The system blends predictive, generative, and agentic AI into governed workflows. Features include AI Studio for agent development, Elevate Data for complex environments, and customer engagement tools for multi-channel interactions.
Built as a no-code/low-code platform, it integrates with insurers’ core systems for rapid deployment.
Gilthorpe said the platform is built for a market where regulatory pressure, changing risks, and customer demand are forcing carriers to anticipate what comes next.
Chief product officer Be’eri Mart stressed the need for governance and compliance in applying AI to underwriting and pricing, framing the platform as a way to operationalise agentic AI with sector-specific guardrails.
The promise of AI in insurance comes with challenges – governance, compliance, and trust are non-negotiable in our industry
Be’eri Mart, Earnix chief product officer
“Our AI capabilities empower carriers to operationalise agentic AI seamlessly within decisioning workflows, while embedding the insurance-specific guardrails needed to ensure reliability. This combination unlocks the ability to scale innovation responsibly, transforming underwriting, pricing, and beyond into transparent, agile, and future-ready operations,” Be’eri Mart said.
Analysts argue the timing is right. Celent’s Keith Raymond said solutions like Earnix’s help insurers embed AI and automation into their core, enabling sharper risk assessment, faster innovation, and more personalised customer experiences.
For insurers under pressure to modernise, the combination of capital, technology, and global reach may set Earnix apart.
