Akur8 Expands Its Global Footprint with the Opening of a New Office in Madrid

Akur8, the next-generation insurance pricing and reserving solution powered by transparent machine learning, announced today the opening of its new office in the heart of Madrid, Spain. This marks Akur8’s eighth global office, reinforcing its commitment to serving clients and partners across the globe.

Spain is a strategic growth market for Akur8, with more than 15 insurers already adopting its platform. Among them are market leaders such as AXA, MAPFRE, and Santalucía, who are leveraging Akur8’s innovative technology to transform their pricing processes and strengthen their competitive position. As one of Europe’s most sophisticated and high-potential insurance markets, Spain presents significant opportunities for continued growth.

The opening of the new Madrid office will strengthen Akur8’s local presence, providing dedicated on-the-ground support to clients and enabling closer collaboration with prospects and partners. This expansion reinforces Akur8’s mission to empower insurers worldwide with faster, more accurate, and fully transparent pricing and reserving capabilities.

‍“Opening our Madrid office is a natural next step in our European growth journey,” said Samuel Falmagne, CEO of Akur8. “Spain is home to some of the most forward-thinking insurers in Europe, and we’re excited to work even more closely with them to deliver cutting-edge pricing innovation and value.”

“We often say that time flies, but for Akur8, it’s more than just a saying – it’s our reality,” noted José María Castelo Marín, Senior Advisor at Akur8. “In just over three years in the Spanish market, 15 insurers have placed their trust in us for such a strategic area as pricing, representing over 50% of premiums written in the Spanish auto and home lines, and 15% in health. Through the continuous evolution of our end-to-end actuarial platform, with new pricing and reserving modules, Akur8 has become the most powerful and innovative solution in the market. With more than 20 Spanish-speaking professionals supporting clients across Spain and Latin America, we continue to grow stronger. And now, to consolidate our presence and be even closer to our clients, we’re thrilled to announce the opening of our new offices in Madrid. See you there for a coffee!”

The addition of Madrid to Akur8’s global network highlights the company’s continued success in scaling internationally while maintaining a local approach to customer support and collaboration.

‍