Goal
Amplify TMNAS’ insurance pricing capabilities in key operating markets
Module used
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
“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."
“Akur8 offers a game changing approach to ratemaking compared to manual solutions, that we were eager to adopt. The benefits in terms of speed and performance are major, while the process is robust and safe. The collaborative and intuitive interface, the smart features as well as the reactive and proficient support were also greatly appreciated by our pricing teams.”
