A global actuarial AI platform providing end-to-end insurance pricing, reserving, and modeling solutions.
Customer voice
Quotes published on Akur8's official website.
We were looking for a quantitative rating solution that was easy to use, but still gave us input to change and modify models as we saw fit. We didn’t want a black box that we couldn’t understand. We wanted to have full input, and we can do that with Akur8. We can edit the models, we can see and understand the models, and that was important for us.
Akur8 offers a game changing approach to ratemaking compared to manual solutions, that we were eager to adopt. The benefits in terms of speed and performance are major, while the process is robust and safe. The collaborative and intuitive interface, the smart features as well as the reactive and proficient support were also greatly appreciated by our pricing teams.
Akur8 helps us continue to strive for technical sophistication and empowers us to deliver valuable insurance solutions to our customers more efficiently while ensuring utmost transparency and control. We believe Akur8 will not only be an important asset to our team’s work along the whole pricing value chain, but also of great value to our customers for providing increased personalization and targeted pricing in a dynamic marketplace.
This is the broad commercial model reported for Akur8. Product-level terms are listed below when available.
Trust profile
Portage Mutual, a Canadian property and casualty mutual insurer, has selected the Akur8 pricing platform to accelerate and enhance its personal lines pricing model development. The implementation will initially focus on Home and Auto lines of business to improve the speed, accuracy, and transparency of the insurer’s actuarial operations.
Akur8 has joined the Verisk Strategic Alliance partner network. This integration allows Akur8 to support customer-imported ISO Electronic Rating Content (ISO ERC) within its 'Deploy' rating engine. The collaboration is intended to help insurers modernize their rating workflows by connecting licensed industry rating content with a digital deployment environment, thereby reducing manual implementation tasks and accelerating their time to market.