ManyPets reduced its modeling time with Akur8
Location:
Goal
Boost the insurtech’s pricing capabilities with fast and transparent automated modeling
Results
Modeling time reduced to a couple of hours
Feedback
“Working with Akur8 and a new pricing solution will help us further improve our time-to-market and deliver an even more outstanding customer experience as we continue to grow”.
Charlotte Halkett, CCO at ManyPets
“We are very pleased with Akur8’s performance. It will allow us to improve our modeling performance and to boost our speed-to-market to fuel our ambitious growth plans”
Charlotte Ball, Pricing Lead at ManyPets
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.
Other use cases
“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.”
"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."
“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.”
