Canal Insurance to boosts their commercial lines pricing capabilities with Akur8
Goal
Enable actuarial team to quickly build comprehensive models and implement model testing into their pricing process.
Module used
Results
Within 2 weeks the team was able to build over 3,000 models.
What they say about Akur8
“Speed wins in our business. Using Akur8’s solution allows our pricing actuaries to build models more quickly, giving us more time for testing and, more importantly, improving speed to market on our product offerings.”
Paul Brocklebank, President and CEO at Canal Insurance Company
Get in touch with our sales team to know more about the solution
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."
