Akur8 Partners with Sapiens to Empower Insurers with Next Generation Pricing Capabilities
Akur8, an AI-based SaaS pricing solution company, and Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced the two organizations have entered into a strategic partnership to empower property & casualty (non-life) insurance carriers with next generation pricing capabilities. This global alliance will bring increased speed, accuracy, and transparency to the pricing processes of Sapiens’ clients.
Through its unique, cloud-based platform, Akur8 leverages proprietary Transparent AI algorithms to automate the insurance ratemaking process, while maintaining full transparency and control of the models created. Akur8 offers end-to-end ratemaking capabilities to property and casualty (non-life) insurers, MGAs, and insurtechs. As part of the alliance, Sapiens considers integrating Akur8 in their P&C Insurance Solutions- an agile, modular, end-to-end solution that supports advanced automation capabilities and facilitates digital transformation.
“At Sapiens, we are convinced that Akur8 is setting the right foundation for the future of ratemaking in the P&C insurance space. Offering Akur8’s state-of-the-art AI-based pricing solution together with Sapiens’ P&C Insurance Solutions will bring substantial value-add to our P&C clients looking for an end-to-end rate-making solution to accelerate their digital transformation. We continue to expand our partnerships around the world to provide new business capabilities to accelerate digital transformation in P&C. We are very pleased that Akur8 joins our expansive partner ecosystem,” said Amanda Ingram, Propositions, Alliances & Ecosystem Manager of Sapiens.
“Akur8 is thrilled to join forces with Sapiens, a leading and truly innovative global provider of insurance software solutions. By combining our leading edge capabilities, we can deliver a strong actuarial value proposition to P&C insurers — leveraging our state-of-the-art AI-based pricing platform and Sapiens’ top-notch digital transformation expertise,” said Samuel Falmagne, CEO at Akur8.
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