What Is Akur8 Hoping to Achieve After Funding? | ITC Vegas

Why It Matters

The strategy accelerates AI‑powered pricing tools, giving insurers faster, more accurate pricing and expanding Akur8's global market share.

Key Takeaways

• Akur8 will allocate funding to accelerate R&D and new product modules
• New pricing optimization and deployment modules target insurance tariff production
• Over half of Akur8 staff are engineers or PhDs driving innovation
• Company aims to embed more machine learning into reserving solutions
• International expansion will push Akur8 into new markets beyond 40 countries

Summary

At the recent ITC Vegas session, Akur8 outlined how it will deploy its latest funding round.

The fintech‑insurtech firm said the bulk of the capital will fuel aggressive research and development, launching new pricing‑optimization and deployment modules and embedding deeper machine‑learning capabilities into its reserving platform.

Akur8 highlighted that more than half of its workforce consists of engineers and PhDs, underscoring its tech‑first culture, and noted its existing footprint across 40‑plus countries as a springboard for further international expansion.

By bolstering its product suite and widening its geographic reach, Akur8 aims to cement its position as the leading AI‑driven pricing solution for insurers worldwide.

Original Description

What is Akur8 hoping to achieve after receiving funding, and what comes next for the company?

At ITC Vegas 2024, we spoke to Samuel Falmagne and Brune de Linares from Akur8 to understand how the company plans to use its recent funding to strengthen products, expand globally, and better serve insurers.

A major focus for Akur8 is continued investment in research and development, particularly around insurance pricing and reserving technology.

In this interview, Samuel explains how the company is rolling out new pricing tools, modules to streamline implementation, and future innovations designed to solve real challenges facing insurers.

Topics covered in this interview include:

• How Akur8 funding will support growth

• The future of AI-powered actuarial software

• New pricing and reserving capabilities

• Why machine learning matters in insurance

• Akur8’s international expansion strategy

• The role of engineering and R&D in insurance innovation

One key takeaway is Akur8’s deep commitment to technology. With more than half of the company made up of engineers and PhDs, innovation sits at the centre of its strategy.

Brune also highlights how Akur8 is enhancing reserving solutions with additional machine learning capabilities, helping insurers improve efficiency and gain deeper actuarial insights.

Discover more from ITC Vegas 2024 :

https://ffnews.com/fintech-tv/event/2024/insurtech-insights-2024/youve-also-received-some-funding-what-are-you-hoping-to-achieve-now-you-are-in-this-advantageous-position-akur8-at-insurtech-insights-2024/

@insuretechconnect3879 @akur8-solution