Helvetia Italy takes pricing excellence to the next level with Akur8

Akur8, the next generation insurance pricing solution powered by transparent machine learning, and Helvetia Italy, the Italian branch of the European insurer Helvetia, are delighted to announce their collaboration to empower Helvetia Italy’s pricing team.

Developed specifically for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for insurers include accelerated model building, transparent GLM outputs, and data-driven pricing decisions. By deploying Akur8’s RISK module, Helvetia Italy refines its product pricing and accelerates its time-to-market with fast modeling.

‍“I am very pleased with this alliance with Helvetia Italy. When such an established, trusted player chooses our solution, it means a lot to us. We are proud of adding pricing sophistication to Helvetia Italy’s proven record of excellence,” stated Samuel Falmagne, CEO at Akur8.

Helvetia Italy is the Italian branch of its Swiss parent company, Helvetia Group. Besides taking care of Italian policyholders for over 75 years, Helvetia Italy is renowned as a reliable insurer and excellent employer. Helvetia Group distributes its Life and Non-Life products to more than 700,000 Italian customers to satisfy their safety, protection and investment needs, through a network of over 500 Agencies, almost 300 Brokers, Affinity Groups and 25 banking institutes.

‍“It is a delight to work with Helvetia Italy’s pricing team, and I am thrilled with our expansion within Italy. Our goal at Akur8 is to empower actuaries and pricing experts worldwide with efficient and transparent pricing. I look forward to supporting Helvetia Italy’s pricing team in their journey towards pricing sophistication”, says Brune de Linares, Chief Client Officer at Akur8.
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“Akur8’s cloud-based platform provides a variety of useful features, including the ability to conduct very granular variables analysis, including territory at the zip code level or vehicles (e.g., brand/model/year of production) —, geographic visualization, automated production of documentation in PowerPoint format, insertion of notes and comments in different parts of the process and the ability to use shareable links to directly access some steps of the analysis via email. Akur8 also provides fast and efficient online technical support”, concludes Cinzia G. Bicego, Pricing Actuary at Helvetia Italy.