Canopius Vave achieved a 6% combined ratio improvement

Location:

US / UK

Goal

Match Canopius’ clients’ needs and adapt prices to a dynamic marketplace

Results

6% Combined Ratio Improvement

Feedback

“Akur8 has a great solution to a problem that we have – converting data into underwriting actions and so it makes perfect sense for us to work with them.”

Logo Canopius Vave

“On a combined ratio basis we’d be looking at a 6% improvement in our performance based off the work we did with Akur8. That’s a huge improvement for us, and is basically the difference between the class of business being loss making and performing well.”

Product Director at Vave, Canopius Group

Actuaries working with Akur8 solution

Drive business value by bringing your end-to-end pricing process to the next level

Akur8 is the only technology on the market that automates the generation of production-ready GAM/GLMs. Thanks to its unique proprietary algorithms, it delivers tremendous business value by unlocking untapped combined ratio improvement. 

Why Akur8?

Other use cases

Logo TMNAS (Tokyo Marine North America Services)

“Akur8’s insurance pricing solution will enable TMNAS to quickly build intuitive and easily explainable predictive models across all products, providing new insights for underwriters. As a shared services company, it is key for us to be able to translate predictive information into useful measures for our clients. Akur8 will help us fill a missing component to complete the framework for transparent, and data-driven decision-making.”

Discover the use case
Logo MS&AD

"We foster innovation through various initiatives, and value integrity and fairness: Akur8’s transparent solution is perfectly aligned with these core principles. Akur8 will provide us great potentialities to be able to become the company and the group which sustainably have capabilities to develop various products and services for realization of a safe and secure society."

Discover the use case
Logo Bass underwriters

“Providing efficient, reliable and consistent pricing creates a win-win for the risk taker and agent. Having the ability to improve risk pricing by running complex models and updating those models as new data comes in at any moment is a game changer for us, and a competitive differentiator. It is crucial for the rapidly changing E&S marketplace.”

Discover the use case