Octagram benchmarks competitors' prices with Akur8 Discover
United States
Goal
Benchmark faster for P&C and MGA clients
Module used
Results
Reduced benchmark analysis from days to minutes
What they say about Akur8
"We love Akur8 Discover. We used to spend hours—sometimes days—trying to figure out how endorsements were priced or how competitors were pricing certain classes. It was frustrating and slow. With Discover, we get answers in minutes. It’s dramatically improved our efficiency and more importantly, it’s expanded the kind of work we’re able to take on. This is the future of actuarial work: AI-powered, efficient, and focused on insights."
Jessica Leong, CEO at Octagram and former CAS President
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“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.”
"We foster innovation through various initiatives, and value integrity and fairness: Akur8’s transparent solution is perfectly aligned with these core principles. Akur8 will provide us great potentialities to be able to become the company and the group which sustainably have capabilities to develop various products and services for realization of a safe and secure society."
"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"
