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.
Module used
Results
Insightful interactions were found on Day 1 of modeling!
What they say about Akur8
"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
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Or discover other testimonials
“On a combined ratio basis we’d be looking at a 6% improvement in our performance based off the work we did with Akur8. That’s a huge improvement for us, and is basically the difference between the class of business being loss making and performing well.”
“We’ve been able to pull out a good territory model straight out of the system without taking very much time to put into it. It’s been a huge improvement for the company.”
"Akur8 simplifies modeling while still leaving us in control of our choices and interpretations. It also gives us flexibility to adjust the models, even though a large part of the process is automated."
