Breaking News
Akur8 and ICPEI Work Together to Strengthen Insurance Pricing Models in Canada
Akur8, the next generation insurance pricing and reserving solution powered by Transparent AI, is thrilled to announce its new collaboration with the Insurance Company of Prince Edward Island (ICPEI). The Canadian insurer will leverage the RISK and DEMAND modules of Akur8’s pricing platform to improve the efficiency of its model development process. This new partnership further strengthens Akur8’s position in North America while reinforcing its growing presence in Canada just two years after entering the market.
ICPEI is a leading provider of personal and business insurance in Canada, working with brokers to deliver its products. By using Akur8, ICPEI plans to improve its process for developing models and to refine its existing rating plan.
Specifically developed for insurers, Akur8’s pricing solution empowers pricing teams to make better decisions faster, by automating risk modeling using proprietary transparent machine learning technology. The core benefits for insurers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control of the models created.
“We are excited to partner with ICPEI, an insurance company renowned for its longstanding success in underwriting profitability. Their disciplined approach to risk selection perfectly complements our mission to empower actuarial and pricing teams with the tools to make smarter, faster decisions. We are confident that our platform will further enable their ongoing journey towards excellence,” said Samuel Falmagne, CEO at Akur8.
“The success of the pilot program has paved the way for our ongoing collaboration with Akur8. This partnership highlights the transformative impact of technology and data-driven insights on traditional insurance practices, enabling us to identify and seize emerging opportunities. By integrating Akur8’s platform into our operations, we will be well-positioned to navigate the evolving insurance landscape,” said Marc-Antoine Deom, Vice-President Operations at ICPEI.
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One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
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Lloyd’s and Ireland’s Department for Finance Announce Strategic Collaboration to Drive Insurtech Innovation
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Asia Insurance Has Launched With CoverGo To Enable End-to-End Health Insurance Digital Experience
Asia Insurance, one of the leading general insurers in Hong Kong and Macau, has officially gone live withCoverGo’s next-gen, end-to-end health insurance platform, to power a fully digital, end-to-end health insurance journey for its customers, distribution partners, and internal teams.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting.
One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
One Inc, the leading payments network for the insurance industry, today announced a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc’s PremiumPay® platform and Equisoft’s industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders.
Lloyd’s and Ireland’s Department for Finance Announce Strategic Collaboration to Drive Insurtech Innovation
Lloyd’s and Ireland’s Department of Finance announced a new strategic partnership to foster insurtech innovation and promote Irish expertise on a global stage
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A growing number of UK adults under 40 are postponing traditional life milestones, with far-reaching implications for financial planning and insurance uptake. Capital for Life explains how younger generations are reshaping the market and what insurers must do to keep pace.
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