Tag: insurance pricing
Why insurers need AI built for the insurance industry
For insurers, having access to generative AI is increasingly becoming the norm rather than a competitive advantage. As the same general-purpose models become available...
Rising ISO volumes threaten insurers’ pricing agility
ISO updates are becoming a growing operational challenge for commercial insurers. As changes to Commercial General Liability, Commercial Auto and Commercial Property programmes increase,...
Akur8 unveils expert AI agents for insurance pricing
Akur8, the global actuarial AI platform, has introduced Akur8 Agents, a new offering that embeds expert guidance and no-code automation into the day-to-day workflows...
How AI could help insurers manage rising climate costs
Climate change is putting insurance models under growing pressure as rising claims costs, natural catastrophe losses and more expensive repairs push premiums higher. For...
Whole-case renewals can hide margin leakage in group benefits
Group benefits insurers may be missing pricing opportunities when renewal decisions are made at whole-case level, particularly where different products within the same customer...
Why pricing execution is holding insurers back
For years, insurers have invested in increasingly sophisticated ways to understand risk and set prices. But having better models may no longer be enough....
US insurers face a major 2026 ISO GL overhaul
US insurance carriers are preparing for a major change to Commercial General Liability (GL) rating, with the 2026 ISO overhaul set to affect classification,...
Earnix urges insurers to balance AI speed with control
Insurance companies are under pressure to make decisions more quickly as risk, customer behaviour and market conditions change. But according to Earnix, reducing the...
Actuaries and music: a mathematical connection
Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
Why insurers can build pricing models faster than they can use...
AI is making insurance pricing models faster to build, but the time between validating a model and applying its output to customers can still...
