AKUR8
AKUR8 is a cloud-based SaaS company specializing in AI-driven insurance pricing solutions, offering a transparent and modular approach to support pricing experts with proprietary algorithms and API integration.
Transparent AI Solutions for Insurance Pricing
AKUR8 offers a transparent AI solution specifically designed for insurance pricing. This solution automates the generation of production-ready Generalized Additive Models (GAM) and Generalized Linear Models (GLM). AKUR8's AI ensures that actuaries and pricing teams can create highly predictive models quickly while maintaining full transparency, auditability, and control over these models.
Modular Approach to Insurance Pricing
AKUR8 provides a modular approach to insurance pricing, supporting pricing experts through every step of the process. Their solution includes distinct modules for Risk, Demand, and Rate, each aimed at optimizing various aspects of the pricing strategy. This divided structure allows for enhanced precision and flexibility in building robust pricing models.
Proprietary Algorithms and Business Value
AKUR8 employs proprietary algorithms designed to unlock untapped combined ratio improvement, thereby delivering significant business value. These advanced algorithms help in optimizing pricing strategies, providing insurers with a strategic advantage in a competitive market.
API-Enabled Integration and Data Exploration
The company offers an API-enabled solution that ensures seamless integration with existing IT systems of insurers. This capability facilitates efficient data exploration and feature building, enhancing the overall functionality and ease of use of AKUR8's AI solutions.
Global SaaS Solution
AKUR8's cloud-based SaaS solution accelerates the pricing time-to-market from weeks to hours. Serving a global clientele that includes P&C personal lines, P&C commercial lines, Managing General Agents (MGAs), Insurtechs, and health insurers, AKUR8 streamlines the insurance pricing process, making it both faster and more efficient.
Global Presence
Headquartered in Paris, France, AKUR8 maintains a significant global presence with additional offices in New York, London, Milan, Cologne, and Tokyo. This extensive reach enables the company to support its diverse international clientele effectively.