Akur8
AI-driven insurance pricing, reserving, and risk modeling platform. Used by 200+ carriers across 40 countries to modernize the actuarial workflow.
Overview
Akur8: AI Pricing and Reserving for Insurance Actuaries
Akur8 is Transparent AI for insurance pricing and risk modeling. Akur8 cracked the regulator-friendly ML problem in insurance: GLM-comparable transparency with gradient-boosted accuracy. That's why it's the rare AI tool actuarial chiefs sponsor rather than ban.
Key Features
- Transparent AI for insurance pricing and risk modeling
- Used by 200+ carriers across 40 countries
- Reduces pricing model build time from months to days
- Reserving module added in 2024 expanding actuarial coverage
- Headquartered in Paris; Series C backed by One Peak and FTV
Ideal Use Case
Pricing actuaries and chief actuarial officers at P&C, life, and health carriers who need transparent ML models that pass internal review and regulator scrutiny.
Why Use Akur8
Akur8 cracked the regulator-friendly ML problem in insurance: GLM-comparable transparency with gradient-boosted accuracy. That's why it's the rare AI tool actuarial chiefs sponsor rather than ban.
FAQ
Q: Regulators? A: Models are explainable and have been reviewed by regulators globally.
Q: Lines? A: Auto, home, health, life, commercial.
tl;dr
Transparent AI pricing and reserving for insurance actuaries. 200+ carriers in 40 countries.
More Details
- Transparent ML pricing — coefficients are inspectable and explainable
- Reserving module added 2024 expanding the actuarial workflow coverage
- Cloud-deployed with VPC option for regulated jurisdictions
Additional FAQ
Q: Lines covered? A: Auto, home, health, life, commercial, specialty.
Q: Regulatory acceptance? A: Models reviewed and accepted by regulators in EU, US, UK, APAC.
Related
Looking for more options? Browse the Insurance directory or read our best AI insurance tools listicle. Akur8 is also tracked on Crunchbase.
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