The partnership aligns with LWCC‘s commitment to innovation and excellence in underwriting and the lifelong care of injured workers.
Akur8, a next-generation insurance pricing solution powered by transparent machine learning, provides insurers with a platform designed to streamline pricing processes. By leveraging proprietary machine-learning technology, Akur8’s platform accelerates model building, delivers transparent Generalised Linear Model (GLM) outputs, and enables data-driven underwriting, all of which contribute to more efficient and accurate pricing decisions.
Samuel Falmagne, CEO of Akur8, expressed enthusiasm about the collaboration: “We are excited to collaborate with LWCC, a forward-thinking leader in workers’ compensation insurance. Our AI-powered pricing solution will empower LWCC’s team to achieve unprecedented levels of efficiency and accuracy in their pricing processes, while aligning with their growth initiatives and supporting their commitment to innovation and superior service.”
LWCC is known for its financial stability and excellence, maintaining an “A” (Excellent) Financial Strength Rating from A.M. Best Company and being named to the Ward’s 50® group of top-performing property-casualty insurance companies 19 times. The company’s partnership with Akur8 is expected to further solidify its leadership in the workers’ compensation sector.
Angela McGhee, Chief Actuary at LWCC, emphasised the value of the partnership: “We are thrilled to partner with Akur8. Their intuitive and transparent models will help us build predictive models more quickly and accurately. We see a lot of potential for this partnership to drive better pricing decisions and support our growth initiatives.”
The collaboration is expected to enhance LWCC’s ability to make data-driven pricing decisions, optimise underwriting performance, and continue delivering top-tier service to its customers.
Brune de Linares, Chief Client Officer at Akur8, added: “Our partnership with LWCC showcases the full potential of Akur8’s solution, highlighting our strong presence and growth in the U.S. market.”
She added “We’re excited to support various insurance companies, including private and mutual carriers, across all lines of business such as workers’ compensation.”
