Canopius Vave achieved a 6% combined ratio improvement

Goal

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

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

Logo Canopius Vave

“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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“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.”

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"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."

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“This alliance with Akur8 is another proof point of our tech and digital DNA. Embracing best-in-class technology to ensure faster, more accurate and fully transparent ratemaking is a key differentiator and HDI Seguros is excited to lead the way”.

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