Stand Out in a Competitive Market as an MGA/MGU
Typical challenges
Competitiveness
Lack of visibility into how your pricing compares to the competition, making it harder to explain low conversion in certain segments.
Elasticity
Uncertainty around how much to adjust prices for different segments without hurting conversion or profitability.
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Impact
Difficulty anticipating how different rating strategies will affect key KPIs like profitability and growth.
How Akur8 can help MGAs /MGUs to stay competitive
Benchmark conversion performance to uncover pricing weaknesses
Quickly and automatically assess how your pricing performs across different risk factors by comparing observed and predicted conversion rates, identifying segments where pricing may be misaligned with the market, and uncovering missed opportunities.
Segment based on price sensitivity to optimize commission strategies
Use automated elasticity detection to quickly uncover how different customer segments respond to price changes, helping you fine-tune commission strategies that either boost conversion or improve margins - all without relying on guesswork.
Simulate pricing strategies and evaluate their commercial impact
Test multiple rating strategies at once and compare their expected impact on key business metrics - from margin to growth - so you can confidently choose the best path forward based on clear trade-offs and financial projections.
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AllClear Travel Insurance deploys Akur8 to empower its pricing team
