The latest client win for Akur8, here’s the word;
Akur8, the innovative insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has selected Akur8’s RISK and RATE modules. This choice will empower MAPFRE’s actuarial team to build powerful, explainable pricing models and establish a robust predictive modeling framework. Through this agreement, Akur8 reinforces its foothold in the Spanish market and underscores its significance as a preferred choice for major players in non-life insurance pricing.
Specifically developed for insurers, Akur8’s solution empowers pricing teams to make better decisions, faster, by automating risk modeling using proprietary transparent machine learning technology. The core benefits for insurers include increased predictive performance and speed-toaccuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control of the models created.
“Once again, Akur8 has proven to be the right solution for a major player in the Spanish insurance market. We are proud to extend a warm welcome to MAPFRE Spain as our valued client, and are excited to enhance their insurance pricing process, specifically for their auto line of business,” stated Samuel Falmagne, CEO at Akur8.
“Collaborating with MAPFRE holds significant importance for Akur8. The convergence of Data Science and Actuarial Science is steadily drawing nearer, and we take pride in offering MAPFRE’s actuarial team a cutting edge platform that caters to their requirements in addressing business challenges while managing extensive datasets with transparency and ethical standards,” noted Joanna Chardon, Chief
Strategy and Product Officer.
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