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
Enhance precision, gain mastery, and expand your enterprise with advanced price optimization software powered by state-of-the-art AI technology. A successful pricing strategy necessitates personalized recommendations that take into account your customers' unique willingness to pay while aligning with your overarching business goals to establish an effective pricing framework. By understanding what consumers value, their preferences, and how these factors shift in an ever-changing market, you can fine-tune the pricing of your products and services to seize the full potential of every sales opportunity. By proactively adjusting prices for the specific circumstances of various selling scenarios, you can safeguard and enhance sales while maintaining profitability. PROS Guidance pricing software harnesses robust AI capabilities to drive significant improvements in win rates and overall value. The outcome? Remarkable growth. Clients frequently experience a margin enhancement of 100-300 basis points in a short period. Furthermore, this software allows businesses to stay ahead of market trends, ensuring sustained competitive advantage.
API Access
Has API
Yes
API Access
Has API
No
Integrations
ANIXE Resfinity
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
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
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Akur8
Founded
2018
Country
France
Website
www.akur8.com
Vendor Details
Company Name
PROS
Founded
1985
Country
United States
Website
pros.com/products/price-optimization-software/
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
Pricing Optimization
Channel Analysis
Yes
Competing Product Analysis
Yes
Forecasting
Yes
Market Analysis
Yes
Multi-Store Management
Yes
Price List Management
Yes
Price Optimization Automation
Yes
Pricing Analytics
Yes
Profitability Analysis
Yes
Scenario Planning
Yes