Akur8, a next-generation insurance pricing and reserving solution, announced the acquisition of Matrisk, an AI-driven platform that transforms unstructured regulatory filings into actionable market insights, strengthening Akur8’s AI capabilities and pricing offering.
The acquisition brings Matrisk’s AI-driven market and regulatory intelligence into Akur8’s platform, providing actuaries with deeper visibility into market activity, regulatory developments, and emerging industry trends.
Matrisk’s expertise in large language models (LLMs) and unstructured data processing will further enhance Akur8’s pricing solution, enabling advanced AI features across its suite of tools.
With Matrisk’s capabilities integrated, insurers can now leverage AI to search and analyse Property & Casualty (P&C) rate and rule filings using structured variables, tables, rules, and citations.
The combined platform allows benchmarking of rating strategies, incorporating regulatory and market insights into rate repositories, demand modelling, and financial forecasting.
Insurers can track market developments across states, perils, lines, and territories, anticipate regulatory objections, and accelerate pricing and filing cycles by pairing transparent model builds with real-time market intelligence.
Akur8 is a next-generation insurance pricing and reserving solution that uses transparent machine learning to support actuaries in building pricing models faster, with greater accuracy and regulatory compliance.
Matrisk enhances this offering by converting unstructured regulatory filings into structured, searchable insights, enabling more informed pricing decisions.
The unified platform will be launched as Akur8 Discover, combining Akur8’s transparent machine learning with Matrisk’s LLM-based techniques to extract and operationalise insights from publicly available filings. This integration aims to transform Akur8’s pricing tools into a comprehensive end-to-end decision platform, embedding regulatory and market context into day-to-day pricing workflows.
Samuel Falmagne, CEO, Akur8, said, “Akur8 has always focused on helping insurers build better pricing models faster, with full transparency and control. Matrisk adds a critical new dimension to that mission. By bringing powerful filings search and competitive intelligence into our platform, we can now offer insurers the ability to understand their market context and integrate this information with Akur8’s existing suite of tools for re-rating and rate selection, demand modelling, and financial forecasting. This combination reinforces Akur8’s position as the actuarial platform of choice for insurers seeking to modernise pricing while staying aligned with regulatory expectations and competitive pressures. We are delighted to welcome Matrisk to Akur8 as we take this next step forward.”
Sergey Filimonov, Co-founder, Matrisk AI, said, “We started Matrisk because we believed AI could turn the most tedious parts of insurance market research into real leverage. The industry depends on information that’s scattered, messy, and hard to operationalise. We’ve grown faster than I ever imagined, and the adoption we’ve seen clearly validates that need. With Akur8, we can scale this even further, meet users where they already build rates, and help redefine the pricing engine from a modelling tool into an end-to-end decision platform that embeds regulatory and market context. The shared goal is simple: deliver high‑impact AI capabilities that customers find indispensable.”
Read the full blog from Akur8 here.
Copyright © 2025 FinTech Global
