Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes.
This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its risk models, and standardize its practices across its various brands, including MMA, MAAF, and GMF.”
By adopting Akur8, Covéa strengthens its ability to “respond to rapid market changes while maintaining a high level of performance and competitiveness.”
Akur8’s solution, which is said to be recognized for its “transparency and ease of use,” reportedly provides Covéa’s actuarial teams with “a more agile and collaborative approach, while meeting regulatory requirements.”
Samuel Falmagne, CEO of Akur8, remarked:
“We are delighted to collaborate with Covéa, a major player in the insurance sector in France. This adoption highlights the value that Akur8 brings to insurers seeking to combine innovation, precision, and efficiency in their pricing processes.”
A Covéa spokesperson has shared:
“The integration of Akur8 into our operations allows us to gain agility and consistency in developing our pricing, while providing our teams with a powerful tool to analyze risks with greater accuracy.”
With this partnership, Akur8 says that it now reinforces its position as a key partner for insurers in Europe and worldwide, “supporting industry leaders in their digital transformation.”
As covered, Akur8 is transforming insurance pricing with “a transparent AI solution that automates risk modeling while ensuring full control for actuaries.”
Available globally, Akur8 explains that it focuses on helping insurers “make better decisions, faster.”
As noted in the update, Covéa is a mutual insurance group in France, encompassing “the brands MAAF, MMA, and GMF.”
With more than 11 million policyholders and clients, Covéa reportedly protects one in three people in France in the “areas of auto, home, and health insurance.”
