Akur8 and Wüstenrot Gruppe partner to boost insurance pricing capabilities in Austria

Akur8’s solution is designed explicitly for insurers and empowers pricing teams to make better decisions faster by automating risk modelling using transparent artificial intelligence proprietary technology. The core benefit for insurers is more significant speed-to-accuracy while maintaining complete transparency and control of the models created.

Wüstenrot was impressed with the efficiency of Akur8’s platform and believes that leveraging Akur8’s RISK and RATE modules will allow it to run more models across all lines of business and consequently improve its pricing process and predictive performance. Wüstenrot also appreciates that the Akur8 platform enables its teams to work closely together.

“We look forward to working with the insurer as this partnership will be essential for our development in the DACH market,” said Samuel Falmagne, CEO at Akur8.

“At Wüstenrot, we were impressed with the efficiency of Akur8’s platform. We firmly believe that leveraging Akur8’s RISK and RATE modules will allow us to run more models across all lines of business and consequently improve our pricing process and predictive performance. A platform enabling our teams to work closely together was also essential. The Akur8 modules were a perfect match for what we were looking for, and we’re delighted to be working with Akur8 over the coming years,” declared Florian Nuding, head of pricing at Wüstenrot.

Both companies are confident that this partnership will benefit both parties and help improve the insurance pricing landscape in Austria.