Akur8 has partnered with Hellas Direct to strengthen the latter’s pricing process for motor and home insurance.
Hellas Direct is a digital-first, full-stack InsurTech. The company aims to disrupt the insurance value chain by adopting an extreme focus on operational excellence and data analytics.
Through this new partnership, Akur8 will also expand into the Greek insurance market. The firm added that Hellas’ choosing of Akur8 will ensure Hellas has a smooth pricing process end-to-end, from fast and transparent modelling to efficient and insightful rate building, with native ability to share and visualise the information across all stakeholders.
Akur8 said its solution enhances pricing processes by automating rate making, using transparent AI proprietary technology.
Akur8 CEO Samuel Falmagne said, “We are delighted to support Hellas Direct in their fast and disruptive journey! Both Akur8 and Hellas Direct challenge the status quo and would not settle for less than excellence. We look forward to working with Hellas Direct’s expert pricing team to continue to bring leading-edge innovation and technology into the insurance world.”
Hellas Direct head of pricing Giorgos Gakas added, “We took great care in building solid partnerships to fuel our ambitious growth. This alliance with Akur8 is no exception. By combining impressive modeling speed with highly qualitative customer support, Akur8 will allow us to keep our best-in-class pricing standards. We are particularly pleased with the scenario-testing capabilities of the Rate module and by the transparency that Akur8 brings, both at the modeling level and on the collaborative aspects across all stakeholders.”
Copyright © 2022 FinTech Global
