Akur8, the next-generation insurance pricing and reserving solution, has opened a new office in the heart of Madrid, as it continues to expand its international presence.
Marking the Parisian InsurTech’s eighth office globally, the Madrid hub will allow for closer collaboration with local clients, enhance its support for Spanish-speaking users across Spain and Latin America, and boost on-the-ground support for consumers.
With Spain positioned as one of Europe’s most sophisticated and high-potential insurance markets, the expansion aligns with the company’s strategy to grow in regions where demand for advanced, transparent pricing technology is accelerating.
The nation represents a key growth market for Akur8, driven by the increasing adoption of its platform among local insurers. More than 15 carriers, including major players AXA, MAPFRE and Santalucía, have already implemented the company’s technology to modernise pricing processes and strengthen competitiveness.
The company noted that the growth of its Spanish business has been rapid, fuelled by strong demand for its pricing modules and newly expanded reserving capabilities.
Akur8 CEO Samuel Falmagne said, “Opening our Madrid office is a natural next step in our European growth journey. Spain is home to some of the most forward-thinking insurers in Europe, and we’re excited to work even more closely with them to deliver cutting-edge pricing innovation and value.”
Akur8 senior advisor José María Castelo Marín said, “We often say that time flies, but for Akur8, it’s more than just a saying – it’s our reality. In just over three years in the Spanish market, 15 insurers have placed their trust in us for such a strategic area as pricing, representing over 50% of premiums written in the Spanish auto and home lines, and 15% in health. Through the continuous evolution of our end-to-end actuarial platform, with new pricing and reserving modules, Akur8 has become the most powerful and innovative solution in the market. With more than 20 Spanish-speaking professionals supporting clients across Spain and Latin America, we continue to grow stronger. And now, to consolidate our presence and be even closer to our clients, we’re thrilled to announce the opening of our new offices in Madrid. See you there for a coffee!”
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