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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

ValueMomentum stands out as the foremost independent provider of IT Services and Solutions tailored specifically for Insurers and Financial Services Firms. Major players in the Insurance and Financial Services sectors place their confidence in ValueMomentum for their Digital, Data, Core, and IT Transformation projects. Our IT services are distinguished by a specialization in Property & Casualty (P/C) insurance, emphasizing agility and the pursuit of digital transformation. For us, specializing in P/C insurance encompasses not only proficiency in commonly utilized applications but also a comprehensive grasp of various P/C insurance lines, product offerings, actuarial frameworks, underwriting guidelines, rating methodologies, regulatory filings, forms, and the concerns of both agents and customers, alongside bureau data and third-party analytics. Furthermore, we enhance speed and facilitate digital transformation through a dedicated team of analysts, programmers, and testers who possess extensive experience in P/C insurance applications and business processes, ensuring that we meet the unique challenges and requirements of the insurance industry effectively. Our commitment to innovation and expertise drives us to continually improve the solutions we offer, helping our clients adapt to an ever-evolving landscape.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

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 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

ValueMomentum

Founded

2000

Country

United States

Website

www.valuemomentum.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 Policy

Cancellation Tracking No 
Claims Tracking No 
Policy Generation No 
Policy Issuance No 
Policy Processing No 
Quotes / Estimates Yes 
Rating Engine Yes 
Reinstatement Tracking No 
Reinsurance Administration No 
Renewal Management No 
Underwriting Management No 

Insurance Underwriting and Rating

Broker / Agent Portal Yes 
Carrier Upload No 
Commercial Lines Yes 
Comparative Insurance Rating No 
Customer Portal No 
For Casualty Insurance Yes 
For Health / Medical Insurance Yes 
For Life Insurance Yes 
For Personal Insurance Yes 
Multi-State Yes 
Multiple Line Rating Yes 

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