Goal
Amplify TMNAS’ insurance pricing capabilities in key operating markets
Results
Feedback
“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.”
John Ferraro, SVP & Pricing Actuary at TMNAS
“Automation, digitalization and simplification of key business and technology processes have become centerpiece approaches for us as we gain operational efficiency and strive for new and innovative solutions. Leveraging new technologies and emerging best-in-class solution providers to accelerate innovation is a key part of our strategy. Akur8 brings both unique technology and deep expertise which together amplify the value delivered in key functions, such as pricing, where we have long been strong. They are making us even better, providing tools to be nimble and timely in a changing market, where speed and quality matter almost in equal parts.”
Robert Pick, EVP & Chief Information Officer at TMNAS
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
"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."
“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.”
“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.”
