Tag: pricing models

Akur8, the next-generation insurance pricing solution, has partnered with Tokio Marine HCC to elevate pricing strategies and drive innovation in the insurance sector.

Akur8, a pioneer in insurance pricing solutions using Transparent AI, is delighted to announce the enhancement of its partnership with the Baltic branches of PZU Group, a leading financial powerhouse in Central and Eastern Europe.

In the rapidly evolving landscape of InsurTech, a new game-changer has emerged: hx Renew. This cutting-edge platform is redefining how actuarial teams operate, offering...

In the realm of insurance, the most vital determinant of success lies in pricing strategies. Yet, a dramatic shift in how insurers formulate these crucial decisions remains elusive for many. Which leads us to the pivotal question: How can decision intelligence revolutionise the insurance landscape? Award-winning insurance pricing software provider, Hyperexponential investigates.

A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential's hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.