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Europ Assistance Group Chooses Akur8 to Strengthen Its Pricing Process

Europ Assistance Group Chooses Akur8 to Strengthen Its Pricing Process | Fintech Finance

Europ Assistance Group and Akur8 are delighted to announce their collaboration to strengthen Europ Assistance’s pricing process for its Travel Insurance and Car Assistance programs. By joining forces with one of the world’s leading assistance companies, Akur8 is extending its European footprint and developing its expertise in the pricing of various insurance products.

Specifically developed for insurers, Akur8’s solution enhances their pricing processes by automating risk modeling using Transparent Artificial Intelligence proprietary technology. Core benefits for insurers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, all while maintaining full transparency and control of the models created.

In 1963, Europ Assistance invented the concept of assistance. With 24/7 assistance and an international network operating in over 200 countries and territories, Europ Assistance carries out over 11 million interventions each year to protect its hundreds of millions of policyholders around the world, and has received awards in several countries for its excellent services. By choosing Akur8, Europ Assistance is in line with its DNA as a pioneer company: Akur8’s pricing solution brings unparalleled speed and accuracy to the insurance pricing process, allowing highly predictive models to be built in record time, while maintaining transparency, auditability and total control over the models.

“We are delighted to support Europ Assistance in enhancing the sophistication of its pricing process! Customer support is very important to us at Akur8, so we are particularly proud to collaborate with a reputable insurer that has received many awards for its reliability”, said Samuel Falmagne, CEO of Akur8.

“We are honored to include a new Generali Group company among our clients. Not only does this new alliance with Europ Assistance strengthen Akur8’s presence in Europe, but it also shows that our customers trust us”, added Brune de Linares, Chief Client Officer of Akur8.

“Akur8 is a great pricing tool! We liked the automation of repetitive tasks as well as the quick and easy learning curve of the user interface for all team members. We particularly appreciated working on our own data with the help of Akur8 during the pilot, and we look forward to working together in the future”, concluded Olivier Danneaux, Global Pricing & Underwriting Director at Europ Assistance.

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