Drive better pricing governance and strategies in tariffed insurance markets
Typical challenges
Uncertainty
Regulatory constraints limit what you can do in pricing.
Inefficiency
If you want to change rates, the process is very time-consuming if you apply manual changes, especially when regulatory requirements add complexity.
Profitability
If you can’t or don’t change rates, it is not clear what other steps you can take to improve your loss ratio.
How Akur8 can help insurers in tariffed markets address these challenges
Build technical models to estimate the future loss cost
Akur8 models help you identify which segments are driving poor performance and potentially determine which of those justify engaging with the regulator for potential pricing or underwriting changes.
Streamline your rate change process
In highly manual environments, rate changes can be lengthy. Our guided workflows and templates automate key steps - like variable selection, scenario simulation, and impact analysis - enabling you to make faster, easier adjustments and better support discussions with regulators when needed.
Get AI-driven insights to improve profit
If prices cannot change or you are not willing to change prices, you can still improve performance by acting on insights. Akur8 helps you identify the most profitable customer segments and locations, so you can guide your sales and marketing efforts - whether it's opening new offices, launching targeted campaigns, or applying discounts.
MS&AD leverages Akur8 to boost innovation and transparency
%20(1).png)
.png)
.png)
.avif)
.png)
Frequently Asked Questions
What are the benefits of using Akur8’s Pricing solution in regulated markets?
Akur8’s Pricing solution helps insurers strengthen pricing governance and achieve pricing sophistication while maintaining the transparency required for regulatory compliance.
Our solution enables you to :
- Build technical models that identify underperforming segments and estimate future losses
- Streamline rate change processes with guided workflows and templates
- Gain data-driven insights about profitable/unprofitable profiles to improve your loss ratio analysis
I can’t change rates, can I still use Akur8?
Yes. Even if you cannot change rates, you can gain valuable insights. You can learn which segments and locations are most profitable to make better decisions and control your expected loss ratio.
How does Akur8 ensure transparency and compliance in highly regulated markets?
Akur8's Transparent ML delivers the transparency and interpretability required to operate in regulated environments. You can achieve pricing and underwriting sophistication while meeting regulatory requirements.
How does Akur8 improve decision-making and pricing governance in tariffed insurance markets?
Despite regulatory constraints, Transparent ML supports insurers in understanding future losses, identifying profitable segments, generating adjustment suggestions, and analyzing customer behavior and its impact on company KPIs. These capabilities are core components of decision-making in highly regulated markets.
How can you leverage Akur8 Pricing in regulator discussions?
The Akur8 Pricing solution provides automatic suggestions for rate adjustments. These insights can be used to generate clear, audit-ready reports in the Rate module that justify pricing decisions, streamline approvals and foster transparency with regulators.
