Wester Reserve Group boosts their pricing capabilities across personal and commercial lines of business

Goal

• Run more models across all lines of business, including underserved LOBs. • Improve pricing sophistication and predictive performance.

Results

Insightful interactions were found on Day 1 of modeling!

Feedback

"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."

Nick Foore, Assistant Vice President Strategic Development at Western Reserve Group

Western_Reserve_Group

Actuaries working with Akur8 solution

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. 

Why Akur8?

Other use cases

Logo TMNAS (Tokyo Marine North America Services)

“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.”

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Logo MS&AD

"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."

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Logo Bass underwriters

“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.”

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