Insurtech Akur8, chosen by Spain’s MGS Seguros for pricing solution.

TLDR:

• Akur8, the insurance pricing solution, has been selected by Spain’s MGS Seguros.
• This collaboration will empower MGS Seguros’ actuarial and pricing teams to build powerful pricing models for auto and home insurance products.

Key Elements:

Akur8, a cutting-edge insurance pricing solution, has been chosen by MGS Seguros in Spain. This partnership allows MGS Seguros to leverage Akur8’s platform to create transparent and efficient pricing models for their insurance products. The core benefits for insurers using Akur8’s solution include increased predictive performance, speed-to-accuracy, and full control of the pricing models created.

The CEO of Akur8, Samuel Falmagne, expressed satisfaction with the collaboration and highlighted Akur8’s ability to meet insurers’ needs while establishing itself as a benchmark of excellence in the Spanish market. Akur8’s focus on enhancing non-life insurance pricing with Transparent Machine Learning ensures unprecedented speed and accuracy in the pricing process without sacrificing auditability or control.

Akur8’s platform is already serving over 120 customers across 40+ countries, including major insurance companies like AXA and Mapfre. MGS Seguros, a prominent insurance provider with a wide range of products, will benefit from Akur8’s state-of-the-art cloud-based pricing platform to streamline their pricing and modeling processes.