InsurTech Akur8 has partnered with MS&AD Insurance Group to foster innovation as it expands into Asia and beyond.
According to AKUR8, the partnership has started with Mitsui Sumitomo Insurance, a part of the MS&AD Insurance Group, which comprises five major insurers and benefits from over 100 years of experience in the insurance industry.
MS&AD Insurance Group covers 50 countries and jurisdictions globally and is the largest insurer in terms of non-life insurance premiums in the ASEAN region.
Akur8 CEO Samuel Falmagne said, “Akur8 is delighted to announce this partnership with MS&AD Insurance Group! We are proud to support such a top-tier insurer. This is definitely a key milestone for Akur8’s growth in Asia-Pacific as well as an important step for our global development.”
MS&AD manager of innovation section of its digital innovation department Suzuki Tomohiro added, “We highly appreciate Akur8’s great capability: quick and high degree of control over the models, and the no-code and friendly user interface. We also aim to expand the potential business partnership with Akur8 to the other Japanese Domestic Insurance business like Aioi Nissay Dowa Insurance Co., Ltd. as well as the overseas network covering to strengthen the group synergies.”
Earlier this year, Akur8 launched the Akur8 academy, a global training, development and upskilling program for insurance pricing advanced practices.
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