Old Mutual Insure pushes out their pricing models faster with fewer errors
South Africa
Goal
Remove inefficient back and forth to speed up pricing process
Module used
Results
Streamlined pricing processes, focusing senior expertise on more strategic, value-added work
What they say about Akur8
"We used to joke that we're a pricing team who didn't build pricing models. Since we've got Akur8, we've pushed out numerous models and it's been a game changer to us."
Clive Hogart, Head of Retail Pricing at Old Mutual Insure
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“Akur8’s insurance pricing solution will enable TMNAS to quickly build intuitive and easily explainable predictive models across all products, providing new insights for underwriters. As a shared services company, it is key for us to be able to translate predictive information into useful measures for our clients. Akur8 will help us fill a missing component to complete the framework for transparent, and data-driven decision-making.”
“Akur8 helps us continue to strive for technical sophistication and empowers us to deliver valuable insurance solutions to our customers more efficiently while ensuring utmost transparency and control. We believe Akur8 will not only be an important asset to our team’s work along the whole pricing value chain, but also of great value to our customers for providing increased personalization and targeted pricing in a dynamic marketplace.”
“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.”
