AXA Direct Japan accelerated its modeling process with Akur8
Location:
Goal
• Accelerate time-to-market • Offer targeted prices • Foster digital transformation
Module used
Results
AXA Japan accelerated its modelling process with Akur8
Feedback
“The partnership with Akur8 illustrates Axa Direct Japan’s commitment to delivering the highest quality and best experience possible to our customers, by partnering with the best-in-class player in their field, for a process as core as pricing decisions. It is also a strong embodiment of the pursuit of our exciting digital transformation journey.”
Kenichi Sato, Chief Technical Officer and Chief Actuary, Corporate Officer at Axa Direct Japan
Drive business value by bringing your end-to-end pricing process to the next level
Akur8 is the only technology on the market that automates the generation of production-ready GAM/GLMs. Thanks to its unique proprietary algorithms, it delivers tremendous business value by unlocking untapped combined ratio improvement.
Other use cases
“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.”
"We found insightful interactions after one day of modeling with Akur8’s insurance pricing solution. Leveraging this user-friendly and transparent platform will enable our pricing team to build better models faster across more lines of business."
“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.”
