Generate, select and adjust your models to build your pure premiums
Improve your risk modeling by leveraging the power of Transparent AI
Quickly generate, select and adjust your models
Akur8 enables you to easily upload, visualize and prepare your data, to create new variables and to automate GAM/GLM modeling. Our proprietary Transparent AI saves users significant time during this first phase, allowing them to focus on other high-value tasks. Maximum flexibility and expert judgment is allowed thanks to the ‘Edit coefficient’ feature, where actuaries can manually adjust segments by using the graphical interface or by manually setting the values.
Enrich models with interactions, geography and external data
Akur8 allows you to enrich your models with automated interactions between variables, automated geography and external data exploration, as well as vehicle classification - all within one solution.
Aggregate models to compute pure premiums
Using the Risk module you can aggregate models to compute policies’ pure premiums, easily extract the rating structure, and automate documentation exports for audit and compliance purposes.
Automate the state documentation filings
In the US, insurers rate plans must comply with specific regulations for each of the 50 states. With Akur8, the pain of compiling documentation is over. Our exclusive rate filing feature automates the documentation for every state.
They implemented the solution
“Akur8 is a best-in-class pricing solution. The results we observed during the pilot phase are speaking for themselves, with dramatic reduction in modeling time and more predictive power of the models. This will both accelerate our time-to-market and improve our pricing accuracy, bringing substantial value to our partners and the end-customer, in a time that requires ever more reactivity and transparency.”
“Akur8 offers a game changing approach to ratemaking compared to manual solutions, that we were eager to adopt. The benefits in terms of speed and performance are major, while the process is robust and safe. The collaborative and intuitive interface, the smart features as well as the reactive and proficient support were also greatly appreciated by our pricing teams.”
“The partnership with Akur8 illustrates Axa Direct Japan’s commitment to delivering the highest quality and best experience possible to our customers, by partnering with the best-in-class player in their field, for a process as core as pricing decisions. It is also a strong embodiment of the pursuit of our exciting digital transformation journey.”
