Octagram benchmarks competitors' prices with Akur8 Discover
United States
Goal
Benchmark faster for P&C and MGA clients
Module used
Results
Reduced benchmark analysis from days to minutes
What they say about Akur8
"We love Akur8 Discover. We used to spend hours—sometimes days—trying to figure out how endorsements were priced or how competitors were pricing certain classes. It was frustrating and slow. With Discover, we get answers in minutes. It’s dramatically improved our efficiency and more importantly, it’s expanded the kind of work we’re able to take on. This is the future of actuarial work: AI-powered, efficient, and focused on insights."
Jessica Leong, CEO at Octagram and former CAS President
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“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.”
"Akur8 simplifies modeling while still leaving us in control of our choices and interpretations. It also gives us flexibility to adjust the models, even though a large part of the process is automated."
“Akur8 is a great pricing tool! We liked the automation of repetitive tasks as well as the quick and easy learning curve of the user interface for all team members. We particularly appreciated working on our own data with the help of Akur8 during the pilot, and we look forward to working together in the future.”
