🗓 Akur8 Announces Title Sponsorship of InsureTech Connect (ITC) Vegas 2022
NEW YORK, New York - SEPTEMBER 7, 2022
Akur8, the next generation insurance pricing solution powered by transparent Machine Learning (ML), is thrilled to announce its Title Sponsorship of InsureTech Connect (ITC) Vegas 2022, the world’s largest gathering of insurance leaders and innovators, taking place September 20th - 22nd in Las Vegas, NV.
Specifically developed for insurers, Akur8’s solution enhances pricing processes by automating the rate making process, using Transparent ML proprietary technology. Core benefits for insurers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control on the models created.
ITC Vegas offers unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents, with over 7,000 industry experts coming together from 55+ countries. From CEOs of global insurers to founders of startups looking to reshape the industry, over 250 of the best minds in insurance will discuss the latest trends and innovations in the insurance and insurtech ecosystem.
On September 22nd, Akur8’s CEO Samuel Falmagne and Chief Client Officer Brune de Linares will host jointly with Milliman’s Principal Sheri Scott the panel discussion “Insurance Pricing and Underwriting Innovation - A Strategic Imperative.” Insurers participating in the panel include John Ferraro (SVP & Pricing Actuary from TMNAS), Michael Stienstra (Chief Actuary from Hippo) and Joseph Good (Actuarial Analyst from Bass Underwriters). This powerhouse session will explore how to use technology-enabled tools and data to swiftly bring insurance pricing front and center of strategic decisions, with maximum upside, and will offer actionable insights from real case studies of insurance players that have made pricing a strategic pillar with tangible business impact.
“Akur8 is extremely proud to be a Title Sponsor of ITC Vegas, the world’s largest gathering of insurance leaders and innovators. This sponsorship is the logical progression of Akur8’s continued expansion in the US insurance market, and I am particularly honored to discuss the future of insurance pricing with Milliman and such outstanding insurtech and insurance companies! We look forward to participating in this event and sharing insights with the ITC Vegas community,” stated Samuel Falmagne, CEO at Akur8.
“ITC has been closely watching the meteoric rise of Akur8 since its launch in 2018, and we have been continually impressed with its product offering and team. Their partnerships with the largest carriers and reinsurers in the world, including MunichRE, Generali, and AXA for instance, are a testament to the great value that their pricing solution provides. We’re thrilled to have the Akur8 team bring their insights to ITC Vegas 2022 this September!” noted Bill Harris, the Chief Revenue Officer at ITC.
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.