Canopius Vave achieved a 6% combined ratio improvement
US / UK
Goal
Match Canopius’ clients’ needs and adapt prices to a dynamic marketplace
Module used
Results
6% Combined Ratio Improvement
What they say about Akur8
“On a combined ratio basis we’d be looking at a 6% improvement in our performance based off the work we did with Akur8. That’s a huge improvement for us, and is basically the difference between the class of business being loss making and performing well.”
Product Director at Vave, Canopius Group
“Akur8 has a great solution to a problem that we have – converting data into underwriting actions and so it makes perfect sense for us to work with them.”
Product Director at Vave, Canopius Group
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Or discover other testimonials
“Esta alianza con Akur8 es una prueba más de nuestro ADN tecnológico y digital. Apostar por tecnología de primer nivel para lograr una tarificación más rápida, precisa y totalmente transparente es un factor diferenciador, y en HDI Seguros estamos entusiasmados de liderar el camino.”
“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.”
