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Indiana Farm Bureau Insurance Selects Akur8 to Accelerate Model Development and Build Transparent Pricing Models
Akur8, the next generation insurance pricing and reserving solution powered by transparent machine learning, is thrilled to announce that Indiana Farm Bureau Insurance, a leading provider of property and casualty insurance in Indiana, has chosen Akur8’s Core Platform to accelerate model development and build transparent, explainable pricing models.
Developed explicitly for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for the P&C insurance marketplace include accelerated model building, transparent GLM outputs, and data-driven underwriting.
“We’re excited to engage with Indiana Farm Bureau Insurance. Akur8’s AI-powered solution will streamline their pricing process, enabling their team to identify opportunities and forecast impacts with precision, while maintaining the exceptional service and support that Indiana Farm Bureau Insurance is known for. We look forward to a successful, long-term collaboration,” stated Samuel Falmagne, CEO at Akur8.
Brune de Linares, Chief Client Officer at Akur8 agreed, “Our engagement with Indiana Farm Bureau Insurance highlights Akur8’s role as a trusted solution for insurers across all sectors. This recent collaboration underscores the value we bring, and we’re excited to work together.”
“We’re thrilled to work with Akur8 to elevate our pricing process. With rapid model development, state-specific insights, and the ability to simulate rate changes at the coverage level, we can quickly pinpoint underperforming segments and assess their financial impact. Akur8’s transparent, intuitive outputs make it easy to share insights with stakeholders, and their ongoing support has been invaluable. We look forward to working with the Akur8 team,” noted Brian Poole, Executive Director and Chief Actuary at Indiana Farm Bureau Insurance.
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