Tokio Marine HCC, a world-renowned specialty insurer that underwrites more than 100 classes of specialty insurance in over 180 countries, will leverage Akur8’s Core Platform solution to drive innovation and optimize its pricing models.
Akur8’s Core Platform enables high-performing pricing models and delivers easy-to-use analytics and reporting for in-depth insights. The platform also promotes knowledge sharing across entities within the organization. By integrating Akur8’s proprietary machine-learning technology, Tokio Marine HCC aims to enhance its pricing processes and improve data-driven underwriting.
This agreement marks Akur8’s continued expansion into the US specialty insurance market and further establishes its role as a cutting-edge solution for insurers. Key benefits of Akur8’s platform for the P&C insurance market include accelerated model building, transparent GLM outputs, and streamlined data management.
Samuel Falmagne, CEO at Akur8, shared his perspective regarding this new alliance stating, “Collaborating with Tokio Marine HCC exemplifies the power of our pricing platform to support insurance specialty groups with deep technical and analytical business expertise. We are proud to work with a company that focuses on providing tailored underwriting and the highest quality risk management.”
“Our partnership with Tokio Marine HCC illustrates that Akur8 is the premier pricing solution for all sizes of insurance companies across all lines of business,” noted Brune de Linares, Chief Client Officer at Akur8.
Tokio Marine HCC has been building and refining its competitive position in the specialty insurance marketplace for fifty years. With a diverse team that has in-depth technical knowledge and a customer centric mindset, Tokio Marine HCC consistently delivers an unrivalled product and level of service, upholding its mission to make a difference for the good of society.
Mario DiCaro, VP, Capital Modeling & Analytics at Tokio Marine HCC added: “Akur8’s solution empowers our pricing team to build a more streamlined process with strong model governance and intuitive visualisations. Through the utilisation of these advanced features, we are able to put into production some of our more mature model implementations, resulting in increased efficiency. We are leveraging Akur8’s software to modernise our pricing procedures, simplify rate plan changes, and gain better insights.”
