Akur8, a cutting-edge insurance pricing solution powered by transparent machine learning, announced that LB Forsikring, a prominent Danish property and casualty (P&C) insurance company, has chosen Akur8’s Core Platform solution to boost its market competitiveness.
The partnership will enable LB Forsikring to swiftly adjust their pricing strategies in response to dynamic and unpredictable market conditions.
Akur8’s solution, designed specifically for insurers, enhances pricing processes through proprietary machine-learning technology. Key benefits for P&C insurers include accelerated model building, transparent Generalized Linear Model (GLM) outputs, and data-driven underwriting.
Samuel Falmagne, CEO at Akur8 stated, “We are thrilled to partner with LB Forsikring, and help boost their pricing sophistication by providing them with the tools to carry out advanced price analysis, simulations and calculations while maintaining full transparency, auditability and control in their pricing.”
Julian Frank, Client Director at Akur8 concluded: “We worked very closely with LB Forsikring to thoroughly understand their technical and business requirements. As a result, we are confident in our ability to help LB Forsikring better serve their customers and attract top talent for their pricing teams. We are looking forward to a continued and fruitful partnership.”
