Speed and agility
More time on value-added tasks
Increased transparency
Europ Assistance is an international assistance and insurance company supporting individuals and businesses worldwide. For years, their modeling setup relied on Python and R, resulting in time-consuming processes and rigid workflows. Working with large datasets made model execution and iteration lengthy and resource-intensive. In addition, every change to the dataset, such as adding or modifying variables, required manual code updates, leading to inflexible and error-prone processes.
.png)
.png)
To address these challenges, Europ Assistance turned to Akur8's pricing solution. Shortly after implementation, Akur8's cloud-based platform and proprietary algorithms brought significant speed and agility to their pricing process. The intuitive interface and automated modeling capabilities drastically reduced the time spent on model execution and updates. As a result, what once took weeks in the pricing process can now be completed in just one or two days.
Akur8 also improved flexibility: teams can now easily adapt or reuse previously fitted models on new datasets without restarting from scratch. With built-in documentation, they increased transparency and improved communication with stakeholders, who can now access the entire pricing process in detail, and more effectively challenge and validate the work.
By adopting Akur8, Europ Assistance has turned their pricing into a faster, more efficient, and transparent process. This change, combined with improved collaboration between teams and greater visibility for all stakeholders, enabled more informed decisions, faster go-to market and stronger competitiveness. In today's fast-moving insurance market, this transformation helps them stay one step ahead.
