Akur8 Accelerator for AI-Powered Pricing Now Available for Cloud Users on Guidewire Marketplace

Akur8, the next generation insurance pricing solution, and Guidewire, the industry-leading property and casualty (P&C) insurance cloud
platform, are excited to announce that the Ready for Guidewire validated Akur8 Accelerator for AI- Powered Pricing is now fully available for both cloud and on-premise users of PolicyCenter, offering a fully integrated pricing solution for the insurance industry, accessible through the Guidewire Marketplace.

“We are thrilled that the Akur8 Accelerator is now a cloud-native integration with Guidewire. It is a significant milestone for Akur8. By seamlesslycombining Akur8’s cloud-based, cutting-edge AI-powered pricing technology with Guidewire’s leading PolicyCenter platform, we empower insurers to break free from traditional rate deployment constraints, and establish new standards for excellence in the insurance industry,” noted Samuel Falmagne, CEO of Akur8.

With the Akur8 Accelerator, insurers can experience:

• A cloud-native, fully integrated pricing solution from modeling to deployment, bringing unparalleled, up to 10X faster
speed to market, for new rates and rate changes.
• Elimination of the traditional IT bottleneck.
• Error reduction and increased security.
• Improved internal governance and compliance.

“Akur8’s cloud-based, machine-learning (ML) native insurance pricing solution provides a streamlined user experience to actuarial and pricing experts worldwide. The Guidewire Rating Engine powered by Akur8 models gives our customers choices in designing a best-in-class pricing and rating solution, and allows each platform to perform where they excel. This integration redefines the traditional rate deployment process by eradicating the manual labor burden that often hinders pricing efficiency, resulting in increased agility and speed-
to-market for insurers,” said Will Murphy, Vice President, Global Technology Alliances, Guidewire.

“Akur8 Accelerator allows for the seamless export and deployment of Akur8 built models into the Guidewire PolicyCenter rating engine, creating a cloud-native fully integrated insurance pricing solution from data to model creation to production rating. Designed exclusively for P&C (non-life) insurance carriers, insurtechs and MGAs, the Akur8 Accelerator accelerates time-to-market for new rates and products by introducing cutting edge automation, providing increased security, removing the IT bottleneck, and largely eliminating the potential for human error,” noted Joanna Chardon, Chief Strategy & Product Officer at Akur8.

Explore the newly added Akur8 Accelerator in the Guidewire Marketplace by watching a brief video. Click here to gain insights into how this integration significantly enhances insurance pricing.