Akur8, a leader in InsurTech specialising in next-generation insurance pricing and reserving solutions, has entered into a strategic partnership with Windward Risk Managers.
Windward Risk Managers is notable for managing key players like Florida Peninsula Insurance, Edison Insurance, and the Ovation Home Insurance Exchange.
The core objective of this collaboration is to enhance the predictive modelling capabilities of Windward Risk Managers, aiming to significantly improve pricing accuracy and operational efficiency across their personal lines of business. By incorporating Akur8’s Transparent ML technology, the partnership seeks to redefine how insurance pricing strategies are formulated.
Akur8 is renowned for its innovative approach to insurance pricing, which allows pricing teams to automate risk modelling processes. Their technology, designed explicitly for insurers, facilitates faster decision-making, enhanced market reactivity, and improved business outcomes without sacrificing control or transparency of the underlying models.
Additional details about the partnership include the implementation of Akur8’s Core Platform solution by Windward to refine their predictive modeling framework. This move is expected to set new benchmarks in pricing precision and efficiency, particularly benefiting policyholders across Florida.
Akur8 CEO Samuel Falmagne said, “We are excited to partner with Windward Risk Managers, a leader in the Florida property insurance market. Our advanced pricing solution will enable their team to build predictive models more quickly and efficiently, while providing greater transparency and precision in their pricing decisions.”
Brune de Linares, Chief Client Officer at Akur8, agreed, “This collaboration showcases the power and flexibility of Akur8’s technology and reflects our continued expansion in the US market. We look forward to supporting Windward in enhancing their pricing strategy and maintaining their competitive edge.”
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