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.
- Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs Read more
- Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution Read more
- Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership Read more
- Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC Read more
- Jet2 Selects APEXX Global as Payment Orchestration Partner Read more
Gradient AI Launches Risk Management Life Cycle Solution for Group Health
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced the release of its enhanced group health AI-powered Risk Management Life Cycle solution. The platform integrates Gradient AI’s SAIL™ for new business underwriting with its Renewal Analytics for existing clients, creating a unified, full-cycle underwriting and risk management solution for group health insurers.
CLARA Analytics Launches First Intelligence-as-a-Service to Put Insurers in Control
CLARA Analytics announced the launch of CLARA IaaS to empower claims executives with powerful information
Applied Systems Acquires Cytora
Applied Systems (“Applied”) today announced that it has acquired Cytora, the leading digital risk processing platform for the insurance industry, to accelerate Applied’s vision of delivering the Next Generation of the Digital Roundtrip of Insurance. Bringing the power of Cytora’s AI-enabled risk digitization platform, specifically built for the insurance industry, together with Applied’s leading suite of insurance solutions for agencies, carriers, and MGAs will create intelligent automation, connectivity, and collaboration at each stage of the policy lifecycle.
bolttech Partners with Harmony Auto Indonesia
The fast-growing global insurtech, bolttech, has partnered with Harmony Auto, a leading Chinese automotive distributor specialising in premium, luxury and new energy vehicles, to launch a suite of fit-for-purpose insurance solutions designed exclusively for BYD EV owners through Harmony Auto’s distribution channels.
Fadata Ensures EU Insurers Full Sovereign Key Control of Encrypted Data
Fadata has partnered with T-Systems transferring ownership of encryption keys outside of the cloud provider for insurers
Earnix Delivers on Promise of AI with Intelligent Decisioning Platform
At its Excelerate 2025 conference, Earnix, the leader in Dynamic AI for insurance, announced a new suite of solutions designed to help insurers fully realise the promise of AI. Built specifically for the insurance industry, these technologies accelerate decision-making and improve personalised customer experiences all while ensuring compliance in complex regulatory environments.
Origami Risk Launches AI-Powered Solution to Enhance Development of Advanced Risk and Insurance Initiatives
Origami Risk launched a new solution driven by AI that empowers risk managers to rapidly create or expand risk registers for GRC and ERM
Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors
Charm Security and Give an Hour Unite AI and Mental Health Expertise to Fight Scams
Charm Security and Give an Hour have partnered to address the financial and psychological harms of scams and financial crime