Canal Insurance to boosts their commercial lines pricing capabilities with Akur8
Goal
Enable actuarial team to quickly build comprehensive models and implement model testing into their pricing process.
Module used
Results
Within 2 weeks the team was able to build over 3,000 models.
What they say about Akur8
“Speed wins in our business. Using Akur8’s solution allows our pricing actuaries to build models more quickly, giving us more time for testing and, more importantly, improving speed to market on our product offerings.”
Paul Brocklebank, President and CEO at Canal Insurance Company
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Or discover other testimonials
Akur8 helps AXA China to deliver valuable insurance solutions to their customers
“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.”
Wester Reserve Group boosts their pricing capabilities across personal and commercial lines of business
"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."
HDVI leverages Akur8 to accelerate advanced risk model development
“As a data-driven company, HDVI continues to invest in tools that leverage our proprietary big data sets and telematics data to develop industry-leading insights and risk models.The Akur8 platform enables greater collaboration across our growing team. By eliminating the coding language barrier and providing increased transparency, it will reduce errors and allow us to more quickly develop additional models that can be incorporated into our insurance product and safety solutions.”
