Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Mutual Capital Analytics, a company that uses data and analytics to help regional insurance companies thrive, has selected Akur8’s Core Platform solution to efficiently build high-performing, explainable pricing models.
Developed explicitly for insurers, Akur8’s solution “enhances pricing processes by using proprietary machine-learning technology.”
The core benefits for the P&C insurance marketplace “include accelerated model building, transparent GLM outputs, and data-driven underwriting.”
Samuel Falmagne, CEO at Akur8 said:
“We are pleased to collaborate with Mutual Capital Analytics (MCA) and empower their team with Akur8’s sophisticated predictive modeling technology. This partnership will enable MCA to streamline model creation and validation, identify critical risk areas, and deliver accurate insights, ultimately helping their clients excel in an ever-competitive market. This partnership also underscores our ongoing expansion within the U.S. market.”
Brune de Linares, Chief Client Officer at Akur8, added:
“Our partnership with Mutual Capital Analytics showcases Akur8 as a cutting-edge solution that provides high quality and easily explainable pricing insights for their mutual insurance customers. We are excited to support Mutual Capital Analytics with their pricing strategies and continue our growth in the US.”
According to Kevin Finn, CEO at Mutual Capital Analytics:
“We’re incredibly excited to use Akur8 to bring streamlined predictive modeling capabilities to our client base. The Akur8 suite fits squarely into MCA’s mission of partnering with regional carriers to help them leverage data and analytics to improve their ability to match price to risk. Through both our Product Management and Actuarial services, we will be able to accelerate the speed with which we deploy practical, AI-native analytics solutions, so clients can improve their ability to profitably grow their companies.”
As covered, Akur8 is enhancing non-life insurance pricing “with Transparent AI.”
They aim to improve actuarial capabilities “with user-friendly, machine learning (ML) native solution, built on cutting-edge technology.”
Their cloud-based, fully integrated platform “empowers insurers to price at unprecedented speed, directly influencing financial outcomes and enhancing risk assessments.”
Insurers will be able to navigate “the dynamic, highly competitive market with unwavering confidence.”
Akur8 says that it “serves 130+ customers across 40+ countries, including AXA, Generali, Munich Re and MS&AD.”
Over 1300 actuaries use Akur8 daily “for pricing in all lines of business.”