Akur8 tapped by Mutua Madrileña for its pricing process

Mutua Madrileña, a Spanish insurer specialising in non-life insurance, has chosen to implement modules by Akur8 to boost the predictive power of its pricing models.

The company will implement Akur8’s risk, demand and rate modules with the aim of remaining at the forefront when it comes to pricing models predictive power.

According to Akur8, Mutua Madrileña will allow it to strengthen its presence in Spain by putting its ‘innovative’ model at the service of the country’s leading general insurance company.

Akur8 CEO Samuel Falmagne said, “We are really looking forward to starting this new collaboration with Mutua Madrileña, a key player in the Spanish insurance market. We are very proud to provide them with a best-in-class solution taking their pricing capabilities to new heights and bolster innovation at the core of the pricing process.”

Akur8 chief customer officer Brune de Linares added, “Reinforcing our footprint in Spain is a great milestone for Akur8’s global expansion. It strengthens our position as the up-and-coming pricing solution on the Spanish market and our relevance among large mutual insurers.

Akur8 recently partnered with MS&AD Insurance Group to foster innovation as it expands into Asia and beyond.

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