Source: FinTech Global
The collaboration is aimed at improving the efficiency and accuracy of ICPEI’s insurance pricing models. The partnership focuses on leveraging Akur8’s RISK and DEMAND modules to enhance the process of model development at ICPEI. By integrating these tools, ICPEI seeks to refine its rating plans and optimise its overall pricing strategy.
This partnership comes on the heels of a successful pilot program, which showcased the potential of Akur8’s technology in transforming traditional insurance practices. ICPEI aims to use these data-driven insights to better navigate the evolving insurance landscape and seize emerging opportunities.
Samuel Falmagne, CEO of Akur8, said, “We are excited to partner with ICPEI, an insurance company renowned for its longstanding success in underwriting profitability. Their disciplined approach to risk selection perfectly complements our mission to empower actuarial and pricing teams with the tools to make smarter, faster decisions. We are confident that our platform will further enable their ongoing journey towards excellence.”
Marc-Antoine Deom, vice-president operations at ICPEI, added, “The success of the pilot program has paved the way for our ongoing collaboration with Akur8. This partnership highlights the transformative impact of technology and data-driven insights on traditional insurance practices, enabling us to identify and seize emerging opportunities. By integrating Akur8’s platform into our operations, we will be well-positioned to navigate the evolving insurance landscape.”
Read the full article: https://fintech.global/2024/10/18/akur8-and-icpei-partner-to-revolutionise-insurance-pricing-in-canada/
