Akur8 is the AI Pricing solution, enables insurance carriers to improve their profits and win market share with pricing models created and updated in hours instead of months.
Akur8 is revolutionizing insurance pricing with transparent AI.
Akur8 was founded in 2018 by Samuel Falmagne, Guillaume Beraud-Sudreau, and Jean-Marc Leoni. The company is headquartered in Paris, Paris, France.
Akur8 developed a unique AI-based insurance pricing solution that automates risk modeling and optimizes prices for insurance companies - while keeping full transparency and control on the models created, as required by regulators worldwide.
Akur8 is the only solution on the market that combines Machine Learning and Actuarial worlds. With Akur8, insurance carriers’ modeling time is divided by 10 and loss ratio is improved by 2%-4%.
Akur8 is backed by BlackFin Capital Partners, MTech Capital, and Kamet Ventures. The company raised €8M ($8.9M) in a Series A round on Mar 12, 2020. This brings Akur8's total funding to €10M ($11.2M) to date.