July 4, 2024

๐Ÿข LB Forsikring selects Akur8 to strengthen its competitiveness

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Paris, Copenhagen - July 4, 2024

โ€Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce that LB Forsikring, a leading Danish P&C insurance company, has selected Akur8โ€™s Core Platform solution to increase their competitiveness. This collaboration will allow LB Forsikring to quickly adapt their pricing to dynamic and unpredictable market situations.

Developed explicitly for insurers, Akur8โ€™s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for P&C insurers include accelerated model building, transparent GLM outputs, and data-driven underwriting.

โ€œWe are thrilled to partner with LB Forsikring, and help boost their pricing sophistication by providing them with the tools to carry out advanced price analysis, simulations and calculations while maintaining full transparency, auditability and control in their pricing,โ€ stated Samuel Falmagne, CEO at Akur8.
โ€œWe worked very closely with LB Forsikring to thoroughly understand their technical and business requirements.ย  As a result, we are confident in our ability to help LB Forsikring better serve their customers and attract top talent for their pricing teams. We are looking forward to a continued and fruitful partnership,โ€ concluded Julian Frank, Client Director at Akur8.

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About Akur8

โ€Akur8 is revolutionizing non-life insurance pricing with Transparent AI. We enhance actuarial capabilities with our user-friendly, machine learning (ML) native solution, built on cutting-edge technology.

Our cloud-based, fully integrated platform empowers insurers to price at unprecedented speed, directly influencing financial outcomes and enhancing risk assessments. Insurers will be able to navigate the dynamic, highly competitive market with unwavering confidence.

Akur8 already serves 120+ customers across 40+ countries, including AXA, Generali, Munich Re and MS&AD. Over 1300 actuaries use Akur8 daily for pricing in all lines of business.

About LB Forsikring

LB Forsikring is a Danish insurance company consisting of the insurance groups Lรฆrerstandens Brandforsikring, Runa Forsikring, Bauta Forsikring and LB Erhverv.

As a member-owned insurance company, it currently counts 440,000 members, who are united in securing each other.

LB Forsikring currently employs around 900 skilled employees and is the fourth largest insurance company in the private market in Denmark.

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Press Contactsย 

For Akur8

Vera Buttinger
Marketing Director
vera.buttinger@akur8.com
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+33 7 66 31 47 58

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