Luko boosted its pricing with Akur8
Location:
Goal
A faster and more sophisticated pricing process, with full control of risk models
Module used
Results
Reduced time-to-market
Feedback
"At Luko, we aim to make insurance simpler, more useful and more transparent. This is achieved through an efficient and transparent underwriting process, with a reduced time-to-market to adapt quickly to the market and to our policyholders. My team is delighted with Akur8's pricing solution, which combines all these elements and brings our expertise to the fore"
Julien Gigoi, Chief Actuary at Luko
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
Ornikar
"Pour Ornikar, il est essentiel de créer une offre d'assurance compétitive et différenciée adaptée à sa clientèle cible : les jeunes conducteurs. Akur8 nous est apparu comme la solution la plus performante pour apporter souplesse et rapidité tout en garantissant la solidité des modèles de tarification nécessaires à Ornikar"
Bass underwriters
“Providing efficient, reliable and consistent pricing creates a win-win for the risk taker and agent. Having the ability to improve risk pricing by running complex models and updating those models as new data comes in at any moment is a game changer for us, and a competitive differentiator. It is crucial for the rapidly changing E&S marketplace.”
Axa
“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.”
