Akur8, the insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers’ Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker.
LWCC has selected Akur8’s Core Platform solution to “develop their predictive modeling framework and drive high-quality underwriting insights.”
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.”
Akur8 states that it is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions.
Their Next Gen Pricing and Reserving Platform combines technology “with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes.”
Akur8 serves 250+ customers across 40+ countries, “including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD.”
Over 3000 actuaries use Akur8 daily to build their pricing models and “reserving projections across all lines of business.”
LWCC is a Champion of Louisiana and proud “to be headquartered in the state capital, Baton Rouge.”
As a model single-state, private mutual workers’ comp company, they “are dedicated to excellence in execution from underwriting to compassionate care of injured workers.”
They are pleased to partner with “agents and together deliver outstanding service to our policyholders and their workers.”
