Old Mutual Insure pushes out their pricing models faster with fewer errors
Location:
Goal
Remove inefficient back and forth to speed up pricing process
Module used
Results
Streamlined pricing processes, focusing senior expertise on more strategic, value-added work
Feedback
"We used to joke that we're a pricing team who didn't build pricing models. Since we've got Akur8, we've pushed out numerous models and it's been a game changer to us."
Clive Hogart, Head of Retail Pricing at Old Mutual Insure
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 testimonials
”As a fully-digital real-time insurer, partnering with the best-in-class solution on the market is of tremendous value to us and our customers. Time to market is a core KPI for our central product factory. We’ve brought it down from months to a few weeks already. Akur8 will help us to further reduce the time to market for new tariffs to a couple of days. wefox Insurance and Akur8 are both committed to bringing more speed and fairness to their customers.”
“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."
