Akur8, the next-generation insurance pricing and reserving solution powered by transparent machine learning, is pleased to announce that Utica First, a leading small business and personal lines
insurer, has chosen Akur8’s Core Platform Solution to enhance its pricing models. With Akur8’s support, Utica First will build a predictive modeling process to improve the sophistication of their rating structure, establish more detailed territories, and uncover actionable insights for underwriting.

Developed explicitly for insurers, Akur8’s solution enhances pricing practices 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.

Founded in 1903, Utica First has built a strong reputation for delivering tailored insurance solutions to small businesses across multiple states, with a focus on niche markets such as artisan contractors, restaurants, and many other building owners’ policies. By prioritizing customer-centric innovation, Utica First continues to lead in the property and casualty insurance space.

“Utica First’s selection of Akur8’s solution reinforces the value of our Core platform in transforming insurance pricing processes,” stated Samuel Falmagne, CEO at Akur8. “We are excited to support their team in achieving greater efficiency and precision in their pricing models.”

Brune de Linares, Chief Client Officer at Akur8, added, “By integrating Akur8’s solution, Utica First will benefit from the transparency and speed of our machine learning technology, allowing them to focus on delivering superior value to their customers. This new partnership highlights the effectiveness of Akur8’s solution in improving the pricing process for insurance carriers of all sizes and across all lines of business.”

“We were highly impressed by Akur8’s ability to identify gaps in our territories within the first week of our trial. Its impact will be immediate and powerful,” said David Hall, Senior Actuary at Utica First.