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American Association of Insurance Services (AAIS) Partners With Akur8 to Enhance Predictive Modeling Capabilities
Akur8, the next-generation insurance pricing and reserving solution powered by transparent machine learning, is thrilled to announce it has partnered with the American Association of Insurance Services (AAIS), the leading not-for-profit advisory organization for the Property and Casualty (P&C) insurance industry, to enhance the quality of their predictive modeling.
Developed specially 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 Generalized Linear Modeling (GLM) outputs, and data-driven underwriting.
“AAIS’s adoption of Akur8’s Core Solution underscores their commitment to providing best-in-class solutions for their Members. We are thrilled to partner with such a prominent organization in the P&C insurance industry, further establishing Akur8 as the leading choice for innovative pricing and modeling techniques,” stated Sam Falmagne, CEO of Akur8.
Brune de Linares, Chief Client Officer of Akur8, added, “Our collaboration with AAIS highlights the powerful role Akur8’s solution plays in advancing the pricing process for insurance carriers. We look forward to working together to drive continued innovation and progress within the insurance industry.”
“Our Actuarial Services team is excited to leverage the capabilities of Akur8’s Core Platform Solution as part of our predictive modeling strategy. Building a repeatable, end-to-end process that includes enhanced visualizations and built-in reports is going to be critical for us to successfully broaden our use of predictive models. We are confident that Akur8 will be able to meet and exceed these expectations for AAIS,” said Michael Payne, FCAS, MAAA, Chief Pricing Actuary of AAIS.
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