Tokio Marine HCC selects Akur8’s Core Platform Solution to Expand Its Pricing Capabilities and Build Predictive Models

April 29, 2024

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce that Tokio Marine HCC has selected Akur8’s Core Platform solution to fuel innovation by building high-performing pricing models, producing analytics and reporting with ease for powerful insights, and facilitating knowledge sharing across entities. Tokio Marine HCC is one of the world’s leading specialty insurers, underwriting more than 100 classes of specialty insurance in over 180 countries. Through this agreement, Akur8 continues to expand its presence in the US specialty insurance market.

Developed explicitly for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for the P&C insurance marketplace include accelerated model building, transparent GLM outputs, and data-driven underwriting.

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

“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 unrivaled product and level of service, upholding its mission to make a difference for the good of society.

“Akur8’s solution empowers our pricing team to build a more streamlined process with strong model governance and intuitive visualizations. Through the utilization 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 modernize our pricing procedures, simplify rate plan changes, and gain better insights,” explained Mario DiCaro, VP, Capital Modeling & Analytics at Tokio Marine HCC.