How Hagerty transformed its pricing strategy to scale faster
United States
Goal
Hagerty set out to streamline its pricing workflows, refocus its teams on high-impact analysis, and ultimately gain a stronger edge in an increasingly competitive market.
Module used
Results
Hagerty's teams now benefit from faster, more efficient pricing workflows and enhanced collaboration across the organization. The result: sharper focus on analysis that drives business decisions and a stronger competitive advantage in the market.
What they say about Akur8
“We’ve been able to pull out a good territory model straight out of the system without taking very much time to put into it. It’s been a huge improvement for the company.”
Christina Winter, Senior Actuarial Manager at Hagerty
“In the past, territory rating took a lot of time to set up and think about the process and how we want to implement it. With Akur8 it’s totally built-in.”
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Or discover other testimonials
Wakam decreased its modeling time and increased its predictive power with Akur8
“Akur8 is a best-in-class pricing solution. The results we observed during the pilot phase are speaking for themselves, with dramatic reduction in modeling time and more predictive power of the models. This will both accelerate our time-to-market and improve our pricing accuracy, bringing substantial value to our partners and the end-customer, in a time that requires ever more reactivity and transparency.”
Yuzzu significantly decreased the time spent in risk modeling
“We are delighted to announce our partnership with Akur8, which we believe is an advanced and effective solution in the P&C retail market for risk modeling. The results we observed during the 2-week pilot were compelling, considering both our prediction indicators and the significant time reduction in risk modeling. Above all, we expect it to be of great value for our customers, with increased personalization and targeted pricing, contributing to offering them a fair insurance policy.”
PZU deployed Akur8 for its entities in Lithuania and Estonia
“Akur8 offers a game changing approach to ratemaking compared to manual solutions, that we were eager to adopt. The benefits in terms of speed and performance are major, while the process is robust and safe. The collaborative and intuitive interface, the smart features as well as the reactive and proficient support were also greatly appreciated by our pricing teams.”
