New York, NY

October 4, 2023

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum sponsorship of the 2023 CAS Annual Meeting for the third year in a row. The conference is taking place from November 5th to November 8th in Los Angeles, California.

Developed explicitly for actuaries and pricing experts, Akur8’s solution enhances pricing methods for actuaries and predictive modelers through its unique, cloud-based platform and proprietary, transparent Machine Learning (ML) technology.  The core benefits for the P&C Insurance marketplace include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while also maintaining full transparency and control of the models created.

“In addition to being a CAS Executive Society Partner, Akur8 is thrilled to once again be a Platinum Sponsor of the 2023 CAS Annual Meeting. CAS provides networking opportunities, informative sessions discussing the latest actuarial trends in P&C insurance, continued professional growth and maintenance of actuarial credentials. We are honored to support the professional development of CAS members while also providing a forum for actuarial professionals to stay current on topics related to Ratemaking, Product Management, Innovation and Modeling,” noted Samuel Falmagne, CEO of Akur8.

“CAS is excited to host another exceptional actuarial event, and continue our strong partnership with Akur8. The commitment Akur8 has shown to our organization is highly appreciated, and we are thrilled to have the company participate as the highest Society Partner level for a third year. Akur8 has consistently contributed valuable content at multiple CAS events over the last few years. We look forward to their strong partnership and hearing more from their pricing experts at this year’s CAS Annual Meeting,” noted Joyce Warner, Chief Business Officer at the Casualty Actuarial Society.

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About Akur8‍

Akur8 is revolutionizing non-life insurance pricing with Transparent Machine Learning, boosting insurers’ pricing capabilities with unprecedented speed and accuracy across the pricing process without compromising on auditability or control. Our modular pricing platform automates technical and commercial premium modeling. It empowers insurers to compute adjusted and accurate rates in line with their business strategy while materially impacting their business and maintaining absolute control of the models created, as required by state regulators. With Akur8, time spent modeling is reduced by 10x, the models’ predictive power is increased by 10% and loss ratio improvement potential is boosted by 2-4%. 

Akur8 already serves 100+ customers across 40+ countries, including P&C global carriers AXA, Generali, Munich Re, Europ Assistance, Tokio Marine and MS&AD; commercial P&C insurers TMNAS, FCCI, NEXT, HDVI and Canal; personal and commercial P&C insurers Cypress, Madison Mutual and Western Reserve Group; and specialty P&C insurers Canopius and Bass Underwriters. Over 900 actuaries use Akur8 daily to build their pricing models across all lines of business. Akur8’s strategic partnerships include Milliman, Guidewire, Duck Creek and Sapiens.

Sapiens. 

About CAS

The Casualty Actuarial Society is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks and serves over 9,100 members worldwide. CAS members are experts in property and casualty insurance, reinsurance, finance, risk management, and enterprise risk management. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions.

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PRESS CONTACTS 

Heide Sacher

Akur8

+1 908-977-6526

heide.sacher@akur8.com 

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