The collaboration promises to empower insurance companies with innovative solutions tailored to the Spanish market.
Utilizing Akur8’s advanced pricing platform, MGS Seguros’ actuarial and pricing teams will enhance their capabilities to develop transparent and powerful pricing models for auto and home insurance products.
The partnership offers increased predictive performance and speed-to-accuracy, enabling insurers to respond quickly to market changes and drive immediate business impact. With complete transparency and control over pricing models, insurers can make informed decisions aligned with their strategic objectives.
The partnership highlights MGS Seguros’ dedication to adopting cutting-edge approaches in insurance pricing, positioning Akur8 as the preferred choice for non-life insurers seeking advanced pricing solutions in Spain.
“During the pilot phase, we were impressed by the efficiency of the Akur8 platform and its ability to meet our needs. We were able to import a large amount of data, create models for each coverage of our auto products, in an iterative and very agile way, and select the best model in a short period of time. We saved a considerable amount of time throughout the process, achieving a very efficient execution,” said Daniel Vila, Head of Pricing at MGS Seguros
Samuel Falmagne, CEO of Akur8, added: “We are happy to welcome the MGS Seguros actuarial team to our user community and to provide them with our state-of-the-art cloud-based pricing platform. We are proud to further strengthen our presence in Spain, as this demonstrates both our ability to meet insurers’ needs and the fact that our solution is establishing itself in the market as a benchmark of excellence in the pricing process.”
