Akur8 and MGS Seguros have announced an exciting collaboration aimed at revolutionising insurance pricing strategies within the Spanish market.
The partnership is driven by the shared goal of empowering insurance companies with innovative pricing solutions.
Akur8’s cutting-edge pricing platform will enable MGS Seguros’ actuarial and pricing teams to develop powerful and transparent pricing models for their auto and home insurance products.
The solution offers insurers increased predictive performance and speed-to-accuracy, leading to higher market reactivity and immediate business impact. With full transparency and control over the pricing models created, insurers can make better decisions faster, ensuring alignment with their business strategies.
The collaboration underscores MGS Seguros’ dedication to adopting cutting-edge approaches in insurance pricing, positioning Akur8 as the preferred choice for non-life insurers seeking advanced pricing solutions in the Spanish market.
“During the pilot phase, we were impressed by the efficiency of the Akur8 platform and its ability to meet our needs. We were able to import a large amount of data, create models for each coverage of our auto products, in an iterative and very agile way, and select the best model in a short period of time. We saved a considerable amount of time throughout the process, achieving a very efficient execution,” said Daniel Vila, Head of Pricing at MGS Seguros
“We are happy to welcome the MGS Seguros actuarial team to our user community and to provide them with our state-of-the-art cloud-based pricing platform. We are proud to further strengthen our presence in Spain, as this demonstrates both our ability to meet insurers’ needs and the fact that our solution is establishing itself in the market as a benchmark of excellence in the pricing process,” said Samuel Falmagne, CEO of Akur8
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