Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
The AXIS actuarial system from Moody’s Analytics stands out as a comprehensive modeling tool utilized by insurers, reinsurers, and consultants for conducting actuarial assessments related to life insurance and annuity operations. This system prioritizes performance and simplicity in implementation while offering flexibility, durability, scalability, and cost-effectiveness. It enables users to harness significant computing capabilities through either a sophisticated cloud-based platform or traditional software installations. As a versatile vendor-supported actuarial solution, AXIS accommodates various functions, including reserving, asset and liability management (ALM), pricing strategies, financial modeling, capital computations, hedging practices, and the establishment of financial frameworks. Users can project future monthly cash flows based on initial liabilities and invested assets for a period extending up to a century. Furthermore, the system allows for the assessment of different business segments utilizing both deterministic and stochastic methods to analyze profitability and surplus fluctuations, as well as to assess the implications of reinsurance arrangements and modifications in premiums or other plan values, providing a thorough approach to financial planning and management.
API Access
Has API
Yes
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
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
No
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
No
Vendor Details
Company Name
Akur8
Founded
2018
Country
France
Website
www.akur8.com
Vendor Details
Company Name
Moody's Analytics
Country
United States
Website
www.moodysanalytics.com/product-list/axis
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