Akur8
AI actuarial platform to model and drive insurance pricing strategy
Overview
Akur8 is a Paris-based startup (2019) revolutionizing actuarial pricing through transparent machine learning. Its platform lets pricing teams build predictive models up to 10x faster than with traditional tools (SAS, R) while guaranteeing auditability and regulatory compliance required by Solvency II. It serves over 200 clients in 40 countries.
The tool covers frequency and severity modeling, rate segmentation, provisioning (IBNR), and market analysis via Akur8 Discover. Pricing is not charged per user but based on modeled premium volume, which favors adoption across a technical team. A 2-week pilot with no commitment is offered to evaluate fit.
Our verdict
The benchmark for actuarial teams wanting to modernize their pricing stack without sacrificing model transparency, a critical point in regulated insurance. Highly recommended for mid and large companies with in-house actuaries. Avoid if your team lacks data culture: the tool is powerful but requires actuaries or data scientists to deliver value.