The partnership enables Utica First to leverage Akur8’s proprietary machine-learning technology to enhance pricing sophistication, refine territory models, and gain deeper insights for underwriting.
Founded in 1903, Utica First has a longstanding reputation for providing tailored insurance solutions to niche markets, including artisan contractors, restaurants, and building owners across multiple states. By implementing Akur8’s platform, the insurer aims to bolster its customer-centric approach with more efficient and precise pricing models, reinforcing its position as a leader in the property and casualty insurance space.
“Akur8’s platform brings real innovation to insurance pricing,” said Samuel Falmagne, CEO of Akur8. “We’re excited to work with Utica First, helping them increase the efficiency and accuracy of their pricing models.”
Akur8’s solution, designed specifically for insurers, uses transparent machine learning to expedite model-building processes, generate clear GLM outputs, and support data-driven underwriting decisions. For property and casualty insurers like Utica First, the benefits include faster and more transparent pricing models that provide actionable insights and reduce time to market.
Brune de Linares, Chief Client Officer at Akur8, added, “By integrating Akur8’s machine-learning technology, Utica First will experience increased speed and clarity in its pricing process, enabling them to focus on delivering greater value to customers.”
David Hall, Senior Actuary at Utica First, highlighted the immediate impact of Akur8’s solution: “We were impressed by Akur8’s ability to identify gaps in our territories within just the first week of our trial. The technology will provide a powerful boost to our underwriting and pricing strategies.”
The collaboration underscores the impact of Akur8’s machine-learning-driven solutions in transforming insurance pricing and enhancing strategic decision-making for insurers across all lines of business.
Join Akur8 at Insurtech Insights USA 2025 in New York
Join the Akur8 team at Insurtech Insights USA 2025 on June 4th and 5th at The Javits Center, New York. Akur8 has been confirmed as a sponsor for the Europe event, which will bring together over 6000 insurance leaders, entrepreneurs, investors and policymakers from 50+ countries, with 71% of attendees expected to be decision makers.
For more information, visit here: ITI USA 2025
