Akur8 is revolutionizing insurance pricing with Transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modeling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds - enabling customer lifetime value based price optimization. Specifically developed for non-life insurers, Akur8’s solution enhances insurers’ pricing processes by automating risk and demand modeling, using Transparent AI proprietary technology.
“Providing efficient, reliable and consistent pricing creates a win-win for the risk taker and agent. Having the ability to improve risk pricing by running complex models and updating those models …
"Akur8's value very quickly came to Iight. Modeling speed is 5x faster, while keeping a thoroughly transparent and auditable process. The user-friend liness of the interface and the collaborative aspect …
"We are delighted with our partnership with Akur8. We are always striving to do better for our policyholders, in a context that requires agility and an increased ability to adapt. …
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