New York, New York

October 9, 2023

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its Title Sponsorship of InsureTech Connect (ITC) Vegas 2023 for the fourth year in a row. ITC Vegas is the world's largest insurtech event, taking place from October 31st to November 2nd at the Mandalay Bay Resort in Las Vegas, NV.

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.

ITC Vegas offers unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry leaders, with over 9,000 industry experts coming together from across the globe. From CEOs of global insurers to founders of startups looking to reshape the industry, over 400+ of the best minds in insurance will discuss the latest trends and innovations in the insurance and insurtech ecosystem. 

On Thursday, November 2nd, Akur8 will be hosting a Breakout Session titled, “Unlocking the Potential of Pricing Analytics and Underwriting Innovation.” The session will be hosted by Samuel Falmagne, CEO at Akur8, and Brune de Linares, Chief Client Officer at Akur8. Industry experts participating in the session include keynote speaker Claudine Modlin, SVP State Insurance Product Management at Onstar Insurance, Phil Natoli, Head Actuary at NEXT Insurance, Jake Falandays, VP of Actuarial Pricing and Data Science at HIPPO, and Roger Arnemann, General Manager and SVP Guidewire Analytics.

“Akur8 is proud to once again be a Title Sponsor of ITC Vegas 2023, the world’s largest gathering of insurance leaders and innovators. This sponsorship represents the continued progression of Akur8’s expansion in the US insurance market. We are honored to participate in this important conference and host this amazing session with top leaders from the industry,” noted Samuel Falmagne, CEO at Akur8.

“We’re excited to partner again with Akur8 for ITC Vegas 2023,” said Bill Harris, Co-Founder and Chief Revenue Officer of ITC.  “Their industry-leading pricing solution, utilized by actuaries at top carriers and reinsurers globally, is sure to make their booth one of the most popular destinations at our event again this year.  Plus, we look forward to the content session Akur8 is leading in our underwriting track on Thursday morning.”

ABOUT AKUR8
Akur8 is revolutionizing non-life 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 100+ customers across 40+ countries, including P&C global carriers AXA, Generali, Munich Re, Europ Assistance, Tokio Marine and MS&AD; commercial P&C insurers TMNAS, FCCI, NEXT, HDVI and Canal; personal and commercial P&C insurers Cypress, Madison Mutual and Western Reserve Group; and specialty P&C insurers Canopius and Bass Underwriters. Over 900 actuaries use Akur8 daily to build their pricing models across all lines of business. Akur8’s strategic partnerships include Milliman, Guidewire, Duck Creek and Sapiens.

ABOUT ITC Vegas

ITC Vegas features 14 curated tracks over two days that guarantee in-depth case studies, momentous conversations, and actionable takeaways across the entire insurance ecosystem. As the largest insurtech event of the year, ITC Vegas allows industry professionals to discover solutions to their biggest challenges, unique and meaningful education, and the insurtech industry’s best and brightest. 

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PRESS CONTACTS 

Heide Sacher

Head of Marketing for US

AKUR8

908-977-6526

heide.sacher@akur8.com 

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