New York, NY – September 19, 2024

Akur8, the next-generation insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers' Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker. LWCC has selected Akur8’s Core Platform solution to develop their predictive modeling framework and drive high-quality underwriting insights. 

Developed explicitly for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for the P&C insurance marketplace include accelerated model building, transparent GLM outputs, and data-driven underwriting.

LWCC is recognized for its strong financial stability, maintaining an “A” (Excellent) Financial Strength Rating by A.M. Best Company and being named to the Ward’s 50® group of top-performing property-casualty insurance companies 19 times.

“We are excited to collaborate with LWCC, a forward-thinking leader in workers' compensation insurance. Our advanced AI-powered pricing solution will empower LWCC’s team to achieve unprecedented levels of efficiency and accuracy in their pricing processes, while aligning with their current growth initiatives and supporting their commitment to innovation and superior service,” stated Samuel Falmagne, CEO at Akur8.

Brune de Linares, Chief Client Officer at Akur8 added, “Our partnership with LWCC showcases the full potential of Akur8's solution, highlighting our strong presence and growth in the US market as we support various insurance companies, including private and mutual carriers, across all lines of business such as workers' compensation."

“We are thrilled to partner with Akur8. Their intuitive and transparent models will help us build predictive models more quickly and accurately. We see a lot of potential for this partnership to drive better pricing decisions and support our growth initiatives,” said Angela McGhee, Chief Actuary at LWCC.

About Akur8
Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions.

Our Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes.

Akur8 serves 250+ customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business. 

About LWCC

LWCC is a Champion of Louisiana and proud to be headquartered in the state capital, Baton Rouge. As a model single-state, private mutual workers’ comp company, we are dedicated to excellence in execution from underwriting to compassionate care of injured workers. We are proud to partner with our agents and together deliver outstanding service to our policyholders and their workers. Louisiana Loyal, a movement we launched and continue to lead to celebrate and elevate Louisiana, drives us in pursuit of our purpose to help Louisiana thrive by bettering our state one business and one worker at a time. LWCC has been consistently recognized by industry leaders and named to the Ward’s 50® group of top-performing insurance companies, supporting our promise to provide safety, security, and stability to businesses in Louisiana. For more information on LWCC, its services, and its efforts to elevate Louisiana, please visit www.lwcc.com.

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Press Contacts 

Heide Sacher

Head of Marketing for US

Akur8

908-977-6526

heide.sacher@akur8.com

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Kelly Bienn

Director of Marketing and Communications

LWCC

225-930-0409

Kelly.Bienn@lwcc.com