Frank Winston Crum Insurance taps Akur8 to modernise risk modelling and pricing strategy

Frank Winston Crum Insurance has adopted Akur8’s AI-powered platform to upgrade its risk modelling, pricing, and reserving strategy. The insurer aims to drive profitable growth by developing models in-house and gaining deeper insights into experience data.

Frank Winston Crum Insurance actuary Josh Harris said, “Akur8’s platform will support our efforts to drive profitable growth through deeper insights into our experience and more control over our models. Bringing these models in-house will be a collaborative effort between Product, Underwriting, and Actuarial departments, promoting an integrated Enterprise Risk Management strategy.”

The platform will bring together underwriting, product, and actuarial teams to support an enterprise risk management approach.

Akur8 CEO Samuel Falmagne said, “Frank Winston Crum Insurance has built a strong reputation for providing businesses with dependable coverage and long-term stability. By adopting Akur8’s pricing and reserving solutions, they are demonstrating a forward-thinking approach to enhancing risk modeling and financial forecasting. We are proud to support their commitment to innovation and efficiency while reinforcing the values of integrity and reliability that define their presence in the insurance industry.”

FWCI has provided workers’ compensation and general liability insurance for over 20 years and operates through independent agents and affiliate FrankCrum.

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