🗓 Akur8 Announces Gold Sponsorship of Guidewire Connections 2022
October 12, 2022
Akur8, the next generation insurance pricing solution powered by Transparent Machine Learning and Guidewire PartnerConnect Solution partner, is excited to announce its Gold sponsorship of Guidewire Connections 2022, the annual conference held for the Guidewire community, taking place October 23 through October 26 in Las Vegas, Nevada.
Guidewire is the company P&C insurers trust to engage, innovate, and grow efficiently. More than 500 insurers worldwide use Guidewire’s platform as a cloud service to combine digital, core, analytics, and AI. Guidewire Connections is held each year for insurance professionals who use Guidewire applications, technology, and the expanding Guidewire ecosystem. The conference helps inspire teams to do new and amazing things that bring success to their organizations.
Specifically developed for actuaries and predictive modelers, Akur8’s solution enhances insurers’ pricing processes by automating technical and commercial premium modeling with proprietary transparent machine learning technology. The core benefits for insurers include a reduction in data preparation and modeling time, which effectively accelerates time to market and the production of more predictive models, while ensuring full transparency and control of the models created.
“We are a proud Solution partner of Guidewire Software, one of the largest P&C insurance markets worldwide. Participating in Guidewire’s Marketplace and being a Gold sponsor at Guidewire Connections 2022 reaffirms our strong commitment to this partnership. We are excited and committed to delivering Akur8’s and Guidewire’s combined performance to P&C insurers globally,” said Samuel Falmagne, CEO of Akur8.
Akur8 is revolutionizing insurance pricing with Transparent Machine Learning, boosting insurers’ pricing capabilities with unprecedented speed and accuracy across the pricing process without compromising on auditability or control. Our modular pricing platform automates technical and commercial premium modeling. It empowers insurers to compute adjusted and accurate rates in line with their business strategy while materially impacting their business and maintaining absolute control of the models created, as required by state regulators. With Akur8, time spent modeling is reduced by 10x, the models’ predictive power is increased by 10% and loss ratio improvement potential is boosted by 2-4%. Akur8 already serves 50+ customers across 20+ countries, including AXA, Generali, Munich Re, Tokio Marine North America Services (TMNAS); specialty insurer Canopius and MGA Bass Underwriters; consulting partners Xceedance and Perr & Knight; and insurtechs Manypets and wefox. Over 700 actuaries use Akur8 daily to build their pricing models across all lines of business.
Head of Marketing for US