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Akur8 PricingAKUR8

Akur8 accelerates insurance pricing with transparent machine learning and automated optimization tools.

Vendor

Vendor

AKUR8

Company Website

Company Website

Product details

The complete actuarial software for the modern actuary

Akur8 injects game-changing speed and accuracy to an insurer's pricing process. Cloud-based with an unmatched user experience, our fully integrated platform empowers insures to take their pricing capabilities to the next level. 

Machine learning native

  • Proprietary algorithms to build natively transparent models (GLMs, GAMs) automatically
  • ML intelligently applied throughout the entire platform to help you solve your business challenges
  • Intuitively automate mundane tasks and incorporate your best judgment at lightning speed

Modern cloud-native technology

  • Seamlessly integrate into your ecosystem with productized API
  • Run multiple projects in parallel, leveraging scalability of cloud-computing power
  • Collaborate with your colleagues and share work with one-click links

Unmatched user experience

  • Live actuarial team available in real-time 
  • Modern, flexible and visually intuitive platform for quick adoption 
  • Actuarial and data science best practices embedded into a no-code platform to achieve best-in-class modeling

Features

  • Transparent Machine Learning: Proprietary algorithms build GLMs and GAMs automatically, ensuring full auditability and regulatory compliance.
  • End-to-End Pricing Workflow: Covers data ingestion, modeling, rate-making, and deployment in a unified platform.
  • Demand Modeling: Captures price sensitivity using external quote data to refine pricing strategies.
  • Optimization Engine: Automatically finds optimal rates to meet business goals like margin or premium targets.
  • Cloud-Native Collaboration: Enables real-time teamwork, scalability, and seamless integration via APIs.
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