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
As the global landscape increasingly embraces digitalization, the customization of products and services is rapidly becoming standard practice. In this intricate business environment, organizations must be vigilant, as making incorrect pricing choices is no longer an option. It is essential to consistently maintain optimal pricing. To maximize revenue opportunities effectively, businesses require sophisticated pricing systems akin to how farmers rely on tractors for their productivity. Prorize's exclusive AI-driven platform is tailored to offer a flexible and bespoke method for price optimization across diverse sectors. At the heart of the Pricing AI Platform™ lies our advanced model development software, which swiftly uncovers demand trends and customer inclinations to establish the most effective data-informed, scientifically grounded prices. The Pricing AI Platform™ blends decades of insights and hands-on knowledge of pricing strategies with cutting-edge AI and machine learning technologies for adaptive pricing solutions. This innovative approach ensures that companies can navigate the complexities of modern pricing challenges with agility and precision.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Tenant
No
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
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Akur8
Founded
2018
Country
France
Website
www.akur8.com
Vendor Details
Company Name
Prorize
Founded
2006
Country
United States
Website
www.prorize.com/pricing-ai-platform/
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
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