Wakam decreased its modeling time and increased its predictive power with Akur8
Location:
Goal
Provide Business Partners with tailor-made products, with accurate and transparent pricing
Module used
Results
Reduction in modeling time and more predictive power of the models
Feedback
“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.”
Joanna Chardon, Chief Product and Pricing Officer at Wakam
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
"We chose Akur8 because it provides an amazing balance. On one hand, it gives you a lot of power and sophistication with very powerful underlying models. On the other hand, it provides a nice governance framework—some guardrails that allow you to let your pricing team free and focus on exactly what they do best, avoiding lengthy conversations with the engineering team every time you want to do a deployment. Essentially, you give them full control, going from insight to deployment."
”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.”
"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."
