Akur8 and Wüstenrot Gruppe have announced a new collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria.
The collaboration is set to introduce a cutting-edge risk modeling and rate-making platform, designed to serve all lines of business.
Akur8’s innovative solution empowers pricing teams to make swifter, more informed decisions using automated risk modelling. The solution leverages the power of Machine Learning & predictive analytics to inject game-changing speed and accuracy to insurers’ pricing process while maintaining full transparency and control over the models created.
Samuel Falmagne, CEO at Akur8, said: “I am proud to announce that we at Akur8 have reached a new milestone by starting a collaboration with Wüstenrot in Austria. We are really looking forward to working with the insurer as this partnership will be essential for our development in the DACH market.”
The partnership will allow Wüstenrot to tap into Akur8’s innovative platform and benefit from its bespoke data analytics system, enabling them to enhance their pricing capabilities domestically.
Florian Nuding, Head of Pricing at Wüstenrot, explained: “At Wüstenrot, we were impressed with the efficiency of Akur8’s platform. We firmly believe that leveraging Akur8’s RISK and RATE modules will allow us to run more models across all lines of business, and consequently improve our pricing process and predictive performance.”
Nuding added: “Having a platform that enables our teams to work closely together was also essential. The Akur8 modules were a perfect match for what we were looking for, and we’re delighted to be working with Akur8 over the coming years.”
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