How Munich RE sophisticated its pricing

Location:

Global

Goal

Bring increased value and pricing sophistication to Munich Re’s customers, in a transparent way

Results

Ongoing use of Akur8 by Munich Re consulting experts serving insurers globally

Feedback

”Akur8’s strengths, pivoting on the commodification of prediction power, allow for what we call “The third wave” of insurance pricing: while keeping full control on the process, most of the time of the domain expert is spent on understanding the problem and applying the right solution, not in tedious repetitive modeling tasks.”

Massimo Cavadini, Global Head of Actuarial Consulting and Data Analytics at Munich Re

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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

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Madison Mutual

US

"MMIC is elated by our partnership with Akur8 and the potential it holds to drive our company’s digital transformational journey in insurance pricing. Akur8’s innovative technology aligns seamlessly with Madison Mutual’s commitment to delivering exceptional customer experiences and optimizing pricing capabilities.”

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Western_Reserve_Group

Western Reserve Group

US

"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."

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Ornikar

France

"Pour Ornikar, il est essentiel de créer une offre d'assurance compétitive et différenciée adaptée à sa clientèle cible : les jeunes conducteurs. Akur8 nous est apparu comme la solution la plus performante pour apporter souplesse et rapidité tout en garantissant la solidité des modèles de tarification nécessaires à Ornikar"

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