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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Akur8 harnesses advanced machine learning and predictive analytics to revolutionize the pricing process for insurers, delivering unprecedented speed and precision while ensuring complete transparency, auditability, and control over the developed models. It stands out as the sole technology available that automates the creation of production-ready Generalized Additive Models and Generalized Linear Models. By utilizing its innovative proprietary algorithms, Akur8 significantly enhances business value by revealing potential improvements in the combined ratio that were previously overlooked. This technology empowers actuarial pricing teams to create highly accurate models in record time, enabling quicker and more informed decision-making. Additionally, to maximize value and provide extensive flexibility, Akur8 is equipped with API capabilities, allowing for rapid exploration of data sources, the ability to construct custom features, and seamless integration into existing pricing processes, further enhancing the overall efficiency of insurers. By taking advantage of Akur8, companies can transform their pricing strategies and gain a competitive edge in the insurance market.

Description

Majesco stands out as the premier software partner for both Property & Casualty (P&C) and Life & Annuity (L&A) insurance sectors, facilitating rapid modernization, optimization, and innovation in their operations. With over 330 clients, including greenfield ventures, startups, managing general agents (MGAs), and some of the largest insurers, reinsurers, and brokers, Majesco's advanced SaaS platform solutions encompass core systems, data analytics, digital interfaces, distribution, absence management, and a vast ecosystem of both established and InsurTech partners, all aimed at shaping the future of the insurance industry. Our technology and expertise empower insurers to transform and innovate, ensuring they remain agile and competitive in a fast-paced market. By leveraging cutting-edge technologies like cloud computing, microservices, and API integration, we go beyond mere industry jargon. At Majesco, we actively implement these innovations, enabling carriers to adapt swiftly to market changes, generate substantial business value, and provide their customers with enhanced, quicker innovations tailored to their needs. Our commitment to driving the future of insurance is unwavering, as we continuously evolve our offerings to meet the dynamic demands of the industry.

API Access

Has API Yes 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

AssureSign No 
Blueprint No 
Cybersource No 
DataRobot No 
Decimal No 
Deloitte Cascade Suite No 
IBM Cloud No 
Inspection Manager No 
Insurmi Violet No 
Kanverse No 
LexisNexis AML Insight No 
Liberate No 
Majesco Digital1st No 
Microsoft Azure No 
PwC Amplifier No 
Salesforce No 
Smarty No 
Splice No 
Twilio No 
eGain Chat No 

Integrations

AssureSign Yes 
Blueprint Yes 
Cybersource Yes 
DataRobot Yes 
Decimal Yes 
Deloitte Cascade Suite Yes 
IBM Cloud Yes 
Inspection Manager Yes 
Insurmi Violet Yes 
Kanverse Yes 
LexisNexis AML Insight Yes 
Liberate Yes 
Majesco Digital1st Yes 
Microsoft Azure Yes 
PwC Amplifier Yes 
Salesforce Yes 
Smarty Yes 
Splice Yes 
Twilio Yes 
eGain Chat Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

Akur8

Founded

2018

Country

France

Website

www.akur8.com

Vendor Details

Company Name

Majesco

Founded

1982

Country

United States

Website

www.majesco.com

Product Features

Pricing Optimization

Channel Analysis No 
Competing Product Analysis No 
Forecasting No 
Market Analysis No 
Multi-Store Management No 
Price List Management No 
Price Optimization Automation No 
Pricing Analytics No 
Profitability Analysis No 
Scenario Planning No 

Product Features

Insurance Agency Management

Claims Management No 
Commission Management No 
Contact Management No 
Document Management No 
Insurance Rating No 
Life & Health No 
Policy Management No 
Property & Casualty No 
Quote Management No 

P&C Insurance

Billing & Invoicing Yes 
Broker / Agent Portal No 
Claims Management Yes 
Commission Management No 
Customer Portal No 
Document Management No 
Insurance Rating Yes 
Marketing Automation No 
Policy Management Yes 
Quote Management No 
Reinsurance Administration No 
Underwriting Management Yes 

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