Akur8, the insurance pricing and reserving solution powered by machine learning, recently announced the launch of Rate Repo and Deploy, two additions to the platform that aim to expand the capabilities of its pricing suite and reinforce its position as the insurance industry’s actuarial platform. With these additions, insurers are able to gain a “single source of truth” for rating, and a high-performance pricing engine that “moves models into live production, enabling real-time, operational deployment.”
Rate Repo serves as Akur8’s so-called “regulatory-ready” rate repository, giving actuaries a single source of truth for rating. It centralizes the management of Rate Order Calculations (ROCs) across states, entities and lines of business, “providing versioning, simulation, and documentation in an intuitive, auditable format that aligns with regulatory requirements.”
By bridging actuarial, IT, and compliance needs, Rate Repo ensures accuracy, consistency, and governance across rating plans — “keeping pricing work aligned with business objectives.”
Deploy is Akur8’s integrated, cloud-based pricing engine that moves rates into live production. Insurers can import rate plans, deploy them fast, and quote in milliseconds, “supported by a responsive API that connects directly with policy administration systems, giving insurers the speed, control, and confidence to implement pricing strategies at scale.”
With built-in features for simulations, version control, and audit logs, Deploy ensures every rate decision is “transparent, traceable, regulator-ready and filings-ready, while eliminating manual risk and accelerating speed to market.”
Together with Rate Repository and Akur8’s core solutions Data, Risk, Demand, and Rate, Deploy equips actuaries “with a unified workflow from model build to governance to deployment.”
Insurtech firm Akur8 said it will showcase Rate Repo and Deploy during its breakout session, “Connected Pricing in Action: From Model Build to Deployment”, at InsureTech Connect (ITC) Vegas 2025.
In addition, Akur8 has recently released a product explainer that demonstrates how insurers are “realizing tangible benefits with Rate Repo and Deploy.”
As covered, Akur8 says that it is focused on transforming the non-life insurance industry with its suite of pricing and reserving solutions.
Their Pricing and Reserving Platform reportedly combines digital technology with actuarial excellence to drive business value, “bringing speed, performance, transparency, and reliability to insurers of all sizes.”
Akur8 notes that it currently serves a diverse group of clients across different countries, including P&C global carriers AXA, Generali, Munich Re, Europ Assistance, Tokio Marine and MS&AD; commercial P&C insurers TMNAS, FCCI, NEXT, HDVI and Canal; personal and commercial P&C insurers Cypress, Madison Mutual, Western Reserve Group and Georgia Farm Bureau; as well as specialty P&C insurers Canopius and Bass Underwriters.
Actuaries reportedly use Akur8 on a daily basis in order to build out their pricing models and reserving projections various lines of business.