{"id":22119,"date":"2024-11-13T10:47:27","date_gmt":"2024-11-13T10:47:27","guid":{"rendered":"https:\/\/fintech.global\/insurtech100\/?p=22119"},"modified":"2024-11-13T10:48:09","modified_gmt":"2024-11-13T10:48:09","slug":"akur8-and-utica-first-team-up-to-revolutionise-insurance-pricing-with-advanced-ml-technology","status":"publish","type":"post","link":"https:\/\/fintech.global\/insurtech100\/akur8-and-utica-first-team-up-to-revolutionise-insurance-pricing-with-advanced-ml-technology\/","title":{"rendered":"Akur8 and Utica First team up to revolutionise insurance pricing with advanced ML technology"},"content":{"rendered":"\r\n

Akur8<\/a>, renowned for its next-generation InsurTech pricing and reserving solutions, has teamed up with Utica First, a leader in small business and personal lines insurance.<\/strong><\/p>\r\n\r\n\r\n\r\n

This collaboration is set to revolutionize Utica First\u2019s pricing models through the implementation of Akur8\u2019s Core Platform Solution.<\/p>\r\n\r\n\r\n\r\n

Akur8 specializes in enhancing insurance pricing practices with its proprietary machine-learning technology, aimed at accelerating model building and enabling transparent Generalised Linear Model (GLM) outputs.<\/p>\r\n\r\n\r\n\r\n

Utica First has built a strong reputation by delivering tailored insurance solutions to small businesses in niche markets like artisan contractors and restaurants, focusing on property and casualty insurance.<\/p>\r\n\r\n\r\n\r\n

The primary goal of this partnership is to refine Utica First\u2019s predictive modelling process, enhancing the sophistication of its rating structure, establishing more detailed territories, and uncovering actionable insights for underwriting.<\/p>\r\n\r\n\r\n\r\n

By leveraging Akur8\u2019s technology, Utica First aims to improve its operational efficiency and precision in pricing models, ensuring that their customers receive superior value and service.<\/p>\r\n\r\n\r\n\r\n

Akur8 CEO Samuel Falmagne stated, \u201cUtica First\u2019s selection of Akur8\u2019s solution reinforces the value of our Core platform in transforming insurance pricing processes. We are excited to support their team in achieving greater efficiency and precision in their pricing models.\u201d<\/p>\r\n\r\n\r\n\r\n

Utica First\u2019s Senior Actuary David Hall expressed his satisfaction, \u201cBy integrating Akur8\u2019s solution, Utica First will benefit from the transparency and speed of our machinelearning technology, allowing them to focus on delivering superior value to their customers. This new partnership highlights the effectiveness of Akur8\u2019s solution in improving the pricing process for insurance carriers of all sizes and across all lines of business.\u201d<\/p>\r\n\r\n\r\n\r\n

Keep up with all the latest FinTech news\u00a0here<\/a><\/p>\r\n\r\n\r\n\r\n

Copyright \u00a9 2024 FinTech Global<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Akur8, renowned for its next-generation InsurTech pricing and reserving solutions, has teamed up with Utica First, a leader in small business and personal lines insurance. This collaboration is set to revolutionize Utica First\u2019s pricing models through the implementation of Akur8\u2019s Core Platform Solution. Akur8 specializes in enhancing insurance pricing practices with its proprietary machine-learning technology, […]<\/p>\n","protected":false},"author":4,"featured_media":22122,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nAkur8 and Utica First team up to revolutionise insurance pricing with advanced ML technology - InsurTech100 2025<\/title>\n<meta name=\"description\" content=\"Akur8, renowned for its next-generation InsurTech pricing and reserving solutions, has teamed up with Utica First, a leader in small business and personal lines insurance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fintech.global\/insurtech100\/akur8-and-utica-first-team-up-to-revolutionise-insurance-pricing-with-advanced-ml-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akur8 and Utica First team up to revolutionise insurance pricing with advanced ML technology - 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