Modernizing Reserving: Escaping Inefficiency and Manual Traps

Name: Akur8
Brand: Akur8
Rating: 4.9 (16 reviews)

Available in English and German

This paper explores common anti-patterns in P/C loss reserving workflows, illustrating them with hypothetical examples and offering strategies to recognize and overcome them, unlocking greater efficiency, accuracy, and collaboration.

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Cover page of white paper on Modernizing Reserving: Escaping Inefficiency and Manual Traps

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Insurance reserving

Modernizing Reserving: Escaping Inefficiency and Manual Traps

Insurance reserving

Available in English and German

Transparent Machine Learning Applications in Tariffed and Detariffing Insurance Markets

Insurance pricing

English

This white paper explores how traditionally regulated insurance markets and those undergoing detariffication can leverage machine learning for pricing. It is particularly relevant for pricing teams in the Asia-Pacific region, where motor and property insurance are often subject to strict regulation, and in other markets worldwide that face pricing constraints for ethically sensitive products, such as health or mandatory insurance lines.

Milliman Report - Analysis of Akur8's Rate Module

Insurance pricing

Available in English

In an increasingly competitive and fast-moving insurance landscape, having the right tools and strategies in place is essential. By leveraging advanced platforms like Akur8, insurers can stay ahead of market trends, respond to new challenges more effectively, and ensure that their pricing remains both competitive and sustainable in the long term. In recent years, Akur8 has continued to evolve by adding new functionalities designed to further assist pricing actuaries with their recurring tasks.

From Idea to Market: A Comprehensive Guide to Introducing New Insurance Products

Insurance pricing

Available in English, French and Spanish

Launching and pricing new insurance products is a complex journey requiring strategic planning and innovative solutions. This white paper outlines the stages involved in this process and highlights how Akur8’s advanced pricing software facilitates the development of competitive insurance products.

Pricing Teams in a Changing World Report

Insurance pricing

Available in English

The actuarial field is experiencing a rapid transformation driven by dynamic trends, including the surge in data volume and diversity facilitated by technological advancements. Actuaries now confront the challenge of extracting insights from diverse data sources, necessitating the integration of cutting-edge technologies like AI and machine learning.

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Akur8 White Paper - Derivative Lasso: Credibility-based signal fitting for GLMs

Research & Technical paper

Insurance pricing

Derivative Lasso: Credibility-based signal fitting for GLMs

Insurance pricing

Available in English

This paper proposes a solution to the dilemma actuaries encounter: whether to build transparent GLMs that require significant cost and expertise, or to automate the model building process using non-transparent techniques that could limit the ability to deploy models in production.

Unlocking the value in insurance pricing: Balancing the Build vs. Buy equation

Insurance pricing

Available in English

When choosing whether to deploy an off-the-shelf pricing software solution, or to develop bespoke in-house pricing software, there is no ‘one-size-fits-all’ answer. Different scenarios, staffing levels, timescales, objectives and business needs can all influence what the best option may be.

Pricing in an Age of High Inflation

Insurance pricing

Available in English and French

As high inflation raises the stakes of pricing errors, influences insurer's costs, and changes customer behavior, what data and strategies can actuaries leverage to estimate future inflation? When speed of adaptation is more critical than ever, what kind of pricing and product approaches can help pricing teams make good decisions and improve time-to-market?

Bancassurance: is pricing sophistication the key to continued growth?

Insurance pricing

Available in English, Spanish, French, German, Italian, Portuguese, Japanese

After decades of success, the bancassurance model is coming under pressure. What can bancassurance operators do to meet the new challenges?

Applying Machine Learning to Actuarial and Pricing Workflows

Insurance pricing

Available in English, Spanish, French, German, Italian, Portuguese

Applying machine learning to pricing processes is becoming easier due to advances in technology and increasingly accessible platforms.

Akur8's Global Pricing Survey

Insurance pricing

Available in English

Akur8 has released the results of its first global insurance pricing survey! Over a hundred insurance pricing professionals across all lines of business, representing 34 countries, shared their main challenges and expectations concerning the future of insurance pricing.

Milliman - Analysis of Akur8 Pricing Solution and Methodology [Focused on Risk Module]

Insurance pricing

Available in English

Milliman has carried out an in-depth analysis of Akur8's pricing solution and methodology. Here is the full report presenting Milliman’s conclusions.

Data transformation for insurers – now is the time

Insurance pricing

Available in English

Why insurance companies can no longer delay optimizing their data to transform how they do business.

Transparent AI - Fighting the good fight

Insurance pricing

Available in English

The use of AI has quickly expanded over the past few years across all sectors, driven by proven substantial financial benefits for organizations.

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Cover of Akur8's white paper "Pricing analytics – an untapped value reservoir in the insurance industry"

Research & Technical paper

Insurance pricing

Pricing analytics – an untapped value reservoir in the insurance industry

Insurance pricing

Available in English

For anyone who has been around the insurance space for a significant amount of time, innovation has been rather scarce up until recent years.

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Research & Technical paper

Insurance pricing

The truth about GAMs, GLMs and GBMs in insurance pricing

Insurance pricing

Available in English, Spanish, French, German, Italian, Portuguese, Japanese

AI-powered pricing sophistication is a relatively new journey for insurers, but one departure they definitely do not want to miss. The consistent application of Generalized Additive or Generalized Linear Model structure (GAMs or GLMs) is commonly regarded as the prerequisite to start this journey.

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Cover of Akur8's white paper "Rate Change and Dislocation Analysis: Transparent ML as the Path to Accurate and Actionable Insights"

Research & Technical paper

Insurance pricing

Rate Change and Dislocation Analysis: Transparent ML as the Path to Accurate and Actionable Insights.

Insurance pricing

Available in English

The democratization of quick and efficient modeling brought about by Transparent Machine Learning can be of tremendous help in empowering actuaries and pricing experts.

The insurance technology arms race - PropertyCasualty360

Insurance pricing

Available in English

Rob Porter (Director of Product, Vave - Canopius Group), and Anne-Laure Klein (COO, AKUR8), discuss the benefits of partnering with the right insurtech in PropertyCasualty360.

FCA Price Walking Ban 🇬🇧

Insurance pricing

Available in English

As of January 1st, 2022, price walking for home and motor insurance will be forbidden in the UK. Discover the expected impact for insurers and how Akur8 can boost your adaptability!

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