🗓 Akur8 Announces Platinum Sponsorship of 2023 Casualty Actuarial Society (CAS) Spring Meeting
Akur8 Announces Platinum Sponsorship of 2023 Casualty Actuarial Society (CAS) Spring Meeting
April 18, 2023
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum Sponsorship of the 2023 Casualty Actuarial Society (CAS) Annual Meeting taking place May 7th to May 10th in Boston, Massachusetts.
Specifically developed for actuaries and predictive modelers, Akur8’s solution enhances insurers’ pricing processes by automating technical and commercial premium modeling with proprietary, transparent machine learning technology. The core benefits for insurers include a reduction in data preparation and modeling time which effectively accelerates time to market and the production of more predictive models, while ensuring full transparency and control of the models created.
“In addition to being an Executive Society Partner of the Casualty Actuarial Society, Akur8 is proud to announce our Platinum sponsorship of the 2023 CAS Spring Meeting, which will focus on preparing attendees to navigate the changing industry and equip them with the tools to innovate the profession. We are honored to support the professional development of CAS members while also providing a forum for actuarial professionals to navigate, predict and lead within the actuarial community,” said Samuel Falmagne, CEO of Akur8.
“We are thrilled by the ongoing partnership and commitment that Akur8 has shown to our organization, and we are looking forward to having Thomas Holmes, Head of US Actuarial Data Science at Akur8, lead a session on “Penalized Regression and Credibility Applications.” We thank Akur8 for their continued commitment to CAS and look forward to our ongoing partnership,” stated Joyce Warner, Chief Business Officer at the Casualty Actuarial Society.
Akur8 is revolutionizing insurance pricing with Transparent Machine Learning, boosting insurers’ pricing capabilities with unprecedented speed and accuracy across the pricing process without compromising on auditability or control.
Our modular pricing platform automates technical and commercial premium modeling. It empowers actuaries to compute adjusted and accurate rates in line with their business strategy while materially impacting their business and maintaining absolute control of the models created, as required by state regulators. With Akur8, time spent modeling is reduced by 10x, the models’ predictive power is increased by 10% and loss ratio improvement potential is boosted by 2-4%.
Akur8 already serves 80+ customers across 40+ countries, including AXA, Generali, Munich Re, Tokio Marine North America Services (TMNAS) and MS&AD; commercial P&C insurers FCCI and HDVI; specialty insurers Canopius and MGA Bass Underwriters; consulting partner Perr & Knight; and insurtechs NEXT, Manypets and wefox. Over 900 actuaries use Akur8 daily to build their pricing models across all lines of business. Akur8’s strategic partnerships include Milliman, Guidewire, Duck Creek and Sapiens.
The Casualty Actuarial Society is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks and serves over 9,100 members worldwide. CAS members are experts in property and casualty insurance, reinsurance, finance, risk management, and enterprise risk management. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions.