HDI Seguros Colombia joins forces with Akur8 to strengthen its pricing process

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HDI Seguros and Akur8 announced a collaboration to boost HDI’s pricing process in Colombia. 

After successfully deploying Akur8's solution in Chile in 2022, this new partnership strengthens the relationship between the two companies as well as Akur8's presence in Latin America.

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“This new alliance with Akur8 is completely in line with our technological and digital DNA. It empowers us to conduct faster, better and transparent rate making, and build new models and ultimately new prices in record time, while improving the overall productivity of our team,” commented Diego Romero Medina, COO at HDI Seguros Colombia. 

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Developed specifically for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for insurers include accelerated model building, transparent GLM outputs, and data-driven pricing decisions. 

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Part of the global multi-brand Talanx Group, active in financial and insurance services in more than 150 countries, HDI Seguros is a pioneer company in the insurance business in Colombia. It is known and recognized for its quality of service and innovative products leveraging new technologies. 

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HDI Seguros Colombia will leverage Akur8’s RISK and RATE modules for its P&C personal and commercial lines. With Akur8, HDI Seguros will enhance its modeling accuracy and further accelerate its market responsiveness, leading the way in terms of best-in-class pricing in the insurance space.  

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“We are thrilled to announce our collaboration with HDI Seguros in Colombia and we are excited to onboard another entity in Latin America. On behalf of Akur8, we are proud to be the pricing platform chosen two years in a row by HDI and to further improve their insurance pricing capabilities in Colombia”, said Samuel Falmagne, CEO at Akur8.

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“Strengthening our presence in Colombia is great news and we are proud to support an additional entity of the HDI Group in Latin America, a strategically important region for Akur8. This partnership demonstrates once again the attractiveness and relevance of Akur8’s solution across the globe,” stated Brune De Linares, Chief Client Officer at Akur8. 

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“Our pricing experts are looking forward to using Akur8’s RISK and RATE modules to boost our pricing process. We firmly believe Akur8 is a state of the art platform that will help us improve our risk modeling and rate-making capabilities which will ultimately maximize business impact,” concluded Pedro Sanchez Melo, Head of Pricing and Reinsurance in HDI Seguros Colombia.

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About Akur8

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. 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 on the five continents, including Sura, Mutua Madrileña, Santalucía, AXA, Generali, Munich Re and Tokio Marine North America Services (TMNAS). Over 900 actuaries use Akur8 daily to build their pricing models across all lines of business.

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New content available:

Akur8 recently completed a new position paper on Applying Machine Learning to Actuarial and Pricing Workflows.

About HDI Seguros - Colombia

HDI Seguros is one of the most important insurance companies of Colombia, known for providing excellence in customer service, keeping an innovative offer of products and services and a proposal of value which integrates the digitalization of products and processes, the interchange of best practices and development of new technologies. It is part of the Talanx Group, the third major insurance holdings in Germany, seventh in Europe and also controller of Hannover RE, one of the leading reinsurance companies worldwide. 

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Press Contacts 

Vera Buttinger

Marketing Director

AKUR8

+33 7 66 31 47 58

Vera.buttinger@akur8.com