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Akur8
AI insurance pricing solution
- 101-200 employees
- B2B
- Artificial Intelligence
- Insurance
- Machine Learning
- SaaS
- Plaine-Monceau, Paris, France
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Company mission
Akur8's mission is to revolutionise insurance pricing with transparent AI.
Our take
Putting the correct pricing on insurance has always been a challenge for insurance companies. On the one hand, getting the right price is essential for ensuring an insurance company's viability, as pricing too low could decimate its profits in the event of a mis-priced payout. On the other hand, pricing too high is a surefire way to drive off customers - one study by Accenture found that price was the number one driver of customer loyalty. However, despite its importance, insurance pricing has traditionally been a human task, and therefore prone to errors and biases.
Akur8 wants to change this. Its product is an AI-based insurance pricing solution that automates modelling for insurance companies, while keeping full transparency and control on the models created, as required by regulators worldwide. The only solution on the market reconciling machine learning and actuarial worlds, Akur8’s platform enhances insurers’ pricing processes, reducing modelling time whilst increasing predictive power.
Pricing in the insurance industry is changing fast, with developments coming frequently from both regulators and consumers. Keeping on top of such developments will be paramount to Akur8's success. Judging by its early metrics, though, it looks like this should be no problem. In just a few years it has acquired big customers, including the likes of AXA and Generali, and its footprint spans over forty countries in multiple continents. Following major funding, Akur8 looks well placed to continue its early success, and with a strategy focused on international expansion, it should be set for big things in future.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Free cafeteria with fresh fruit, drinks and snacks
- Alan health insurance (including possibility of family coverage)
- Company shares/equity
- 25 days of paid holidays + RTT
- Hybrid office/home office policy
- Gym membership with Gymlib + on-site gym facilities/different sporting events
- Relocation support
- Ongoing training
- Annual bonus
- Sponsored crèche access
- Swile lunch vouchers
Company values
- Challenge the unbearable status quo - We strive for innovation and for the transformation of the insurance industry. But we command change only when it is a no-brainer and has genuine virtuous impact
- Disrupt the known, organize the unknown - We work without any borders. We have the ability to challenge ourselves to adapt to unknown scenarios. We thrive in structuring what is hardly structurable
- AI-driven but refreshingly human - Akur8 is an artificially-intelligent solution but humanity always comes first, within our team, with our clients and with our solution, where AI is Transparent and human-controlled
- Build things that last - We build long-standing, robust and reliable solutions for new and century-old insurance companies. We are here to stay
Leadership
Samuel Falmagne
(CEO)Worked at IBM for over 17 years, holding a range of executive roles, and also served as Head of Sales for Shift Technology.
Guillaume Beraud-Sudreau
(Head of Product & Data-Science)Has a background in engineering, and has worked as Lead Data Scientist and Head of R&D at AXA.
Diversity, Equity & Inclusion at Akur8
- At Akur8, we pride ourselves in having an exceptionally international team with 20 nationalities represented and 16 languages spoken. Inclusion & diversity are core values to us, that go beyond words
- We are very happy to work with Gloria to ensure that these values are true not only on paper but also in our company DNA
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