Akur8 and Deloitte Canada Join Forces to Revolutionize Pricing and Reserving Strategies for Insurers
Akur8, a prominent provider of machine learning-powered pricing and reserving solutions for insurers, has recently announced an expansion of its strategic partnership with Deloitte Canada. This collaboration, which started in 2021, aims to better serve the needs of property and casualty (P&C) insurers by integrating Akur8’s advanced pricing and reserving tools into Deloitte’s actuarial and consulting services.
Enhancing Insurance Solutions Through Collaboration
The expanded partnership is designed to offer insurers a scalable and efficient solution that improves pricing accuracy, streamlines reserving processes, and ensures compliance with regulatory requirements. Akur8 specializes in developing tailored machine learning-driven pricing and reserving solutions that enhance the speed, performance, and transparency of actuarial models.
Akur8’s Global Reach and Client Base
Currently, Akur8 serves over 250 clients across 40 countries, including notable P&C insurers such as:
- AXA
- Generali
- Munich Re
- Tokio Marine
Expert Insights from Deloitte and Akur8 Leaders
Karl Meissner-Roloff, a partner at Deloitte Canada, expressed enthusiasm about the partnership, stating, “We are excited to join forces with Akur8, as their innovative platforms are at the forefront of actuarial technology. This collaboration allows us to enhance our clients’ pricing capabilities while driving transformative automation and efficiency in the reserving space.”
Samuel Falmagne, CEO at Akur8, emphasized the commitment to deepening collaboration, saying, “By merging our advanced technology with Deloitte’s actuarial expertise, we’re creating a powerful value proposition for insurers looking to modernize their pricing and reserving strategies.”
Future Prospects for Akur8 and Deloitte
Brune de Linares, Chief Client Officer at Akur8, concluded by highlighting the strategic importance of this relationship, stating, “We have been actively expanding our global footprint, and this broadened strategic relationship with Deloitte is a natural next step for Akur8. We aim to deliver our combined performance to P&C insurers, InsurTechs, and MGAs worldwide.”
For more information about Akur8’s offerings and their collaboration with Deloitte, visit their respective websites: Akur8 and Deloitte Canada.
Stay updated on industry developments by checking out our insights on insurance industry trends and machine learning in insurance.
