Canopius Vave achieved a 6% combined ratio improvement
US / UK
Goal
Match Canopius’ clients’ needs and adapt prices to a dynamic marketplace
Module used
Results
6% Combined Ratio Improvement
What they say about Akur8
“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
“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.”
Product Director at Vave, Canopius Group
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Or discover other testimonials
“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.”
“Akur8 helps us continue to strive for technical sophistication and empowers us to deliver valuable insurance solutions to our customers more efficiently while ensuring utmost transparency and control. We believe Akur8 will not only be an important asset to our team’s work along the whole pricing value chain, but also of great value to our customers for providing increased personalization and targeted pricing in a dynamic marketplace.”
"La valeur apportée par Akur8 s’est révélée très rapidement. La vitesse de modélisation a été multipliée par cinq, tout en conservant un processus entièrement transparent et auditable. La simplicité d’utilisation de l’interface et sa dimension collaborative constituent de véritables atouts pour l’équipe, en facilitant son adoption au quotidien tout en améliorant la communication interne. La réactivité des équipes d’Akur8 a également joué un rôle déterminant dans notre montée en compétence très rapide."
