Zego and Akur8 are delighted to announce their alliance to empower Zego’s pricing team with more performant and transparent risk modelling. This new partnership demonstrates both insurtechs’ ability to transform the insurance market.

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Specifically developed for insurers, Akur8’s solution enhances pricing processes by automating the rate making process, using Transparent Artificial Intelligence proprietary technology. Core benefits for insurers and brokers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control on the models created.

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"We are proud to enable Zego’s pricing team with our best-in-class pricing suite, as we share the same commitment to profoundly change the tedious and time-consuming aspects of traditional insurance," said Samuel Falmagne, CEO of Akur8.

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Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders. It combines best-in-class technology with sophisticated data sources to offer insurance products that save businesses time and money.

"I am pleased to add Zego to our references and further consolidate our foothold in the European Insurtechs ecosystem. This demonstrates once again Akur8’s adequacy for commercial lines insurers’ and pricing teams who want more performance and transparency," added Brune de Linares, Chief Client Officer at Akur8.

"We were looking for a way to improve our modelling process’ efficiency and transparency. Akur8 came out as the best partner, as its Risk module allows for quick data preparation and model training, with enhanced collaboration features and a user-friendly interface," concluded Alex Price, Director of Pricing at Zego.

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About Akur8

Akur8 is revolutionizing 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. 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 80+ customers across 40+ countries, including AXA, Generali, Munich Re and MS&AD. Over 900 actuaries use Akur8 daily to build their pricing models across all lines of business.

Interested in insurance pricing automation? Akur8 recently completed a new position paper on Applying Machine Learning to Actuarial and Pricing Workflows.

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About Zego

Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders. It combines best-in-class technology with sophisticated data sources to offer insurance products that save businesses time and money.

Since its inception, Zego has believed that the problem with traditional insurance is that it holds businesses back. It’s too expensive and time consuming, and it no longer suits businesses who use vehicles to earn money. Zego’s products represent a solution to this problem for businesses based across the UK, Europe and beyond.

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Press Contacts

For Akur8‍

Vera Buttinger

Marketing Director

+33 7 66 31 47 58

vera.buttinger@akur8.com

For Zego

Sam Heague

sam.heague@zego.com

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