Akur8, a leading provider of machine learning-powered pricing and reserving solutions for insurers, has strengthened its strategic alliance with Deloitte Canada, a global leader in consulting and actuarial services.
Originally established in 2021, the partnership now sees Deloitte integrating Akur8’s cutting-edge pricing and reserving technology into its actuarial and consulting offerings. This expansion aims to equip property and casualty (P&C) insurers with scalable, high-performance solutions to enhance pricing precision, optimize reserving workflows, and maintain regulatory compliance.
Akur8 specializes in leveraging machine learning to develop advanced pricing and reserving solutions tailored for the insurance industry. Its platform enhances actuarial model speed, performance, and transparency. With a global client base spanning 40 countries, Akur8 serves over 250 insurers, including industry giants such as AXA, Generali, Munich Re, and Tokio Marine.
Karl Meissner-Roloff, Partner at Deloitte Canada, highlighted the significance of the partnership: “We are thrilled to collaborate with Akur8, whose innovative pricing and reserving solutions represent the forefront of actuarial technology. Through this alliance, we empower our insurance clients with enhanced pricing capabilities while driving automation and efficiency in the reserving domain. The synergy between Akur8’s automated modeling technology and Deloitte’s transformation expertise allows us to deliver state-of-the-art solutions that generate substantial business value for insurers across Canada.”
Samuel Falmagne, CEO of Akur8, reinforced this sentiment: “Our deepened collaboration with Deloitte underscores our commitment to revolutionizing pricing and reserving strategies for insurers. By merging our advanced technology with Deloitte’s actuarial expertise, we are offering an unparalleled value proposition to the insurance sector.”
Brune de Linares, Chief Client Officer at Akur8, added, “Expanding our global presence is a key priority, and this strengthened partnership with Deloitte is a natural progression in our mission to deliver superior performance to P&C insurers, InsurTechs, and MGAs worldwide.”
With this enhanced collaboration, Akur8 and Deloitte Canada are set to drive innovation and efficiency in the insurance industry, enabling insurers to embrace data-driven transformation and stay ahead in an evolving market landscape.
