Akur8 and Mutual Capital Analytics have announced a strategic partnership aimed at transforming insurance pricing through advanced, AI-driven technologies.
Akur8 is renowned for its innovative approach to insurance pricing, offering a next-generation solution that leverages transparent machine learning to refine pricing processes. Mutual Capital Analytics, on the other hand, specializes in utilizing data and analytics to bolster the performance of regional insurance companies.
The partnership was formed to allow Mutual Capital Analytics to implement Akur8’s Core Platform, which facilitates the creation of high-performing, explainable pricing models. This collaboration aims to enhance Mutual Capital Analytics’ capabilities in predictive modeling and risk assessment, thereby helping their clients excel in a competitive market.
Akur8 revolutionizes the insurance sector with its Transparent AI technology, which enhances actuarial processes by accelerating model building and providing clear Generalized Linear Model (GLM) outputs. This technology allows insurers to make data-driven underwriting decisions quickly and efficiently.
The partnership highlights Akur8’s continued expansion in the US market and demonstrates its commitment to providing state-of-the-art technological solutions to the insurance industry. Mutual Capital Analytics will benefit from an enhanced ability to deploy AI-native analytics solutions rapidly, which is critical for maintaining competitiveness and achieving growth.
Akur8 CEO Samuel Falmagne said, “We are pleased to collaborate with Mutual Capital Analytics (MCA) and empower their team with Akur8’s sophisticated predictive modeling technology. This partnership will enable MCA to streamline model creation and validation, identify critical risk areas, and deliver accurate insights, ultimately helping their clients excel in an ever-competitive market. This partnership also underscores our ongoing expansion within the US market.”
Brune de Linares, Chief Client Officer at Akur8, added, “Our partnership with Mutual Capital Analytics showcases Akur8 as a cutting-edge solution that provides high quality and easily explainable pricing insights for their mutual insurance customers. We are excited to support Mutual Capital Analytics with their pricing strategies and continue our growth in the US.”
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