Under this collaboration, Heritage Insurance will implement Akur8’s Risk modeling solution to enhance pricing analytics and build more transparent, production-grade predictive models.
This partnership marks another step in Akur8’s expansion within the U.S. personal and commercial insurance sector. Akur8’s proprietary machine-learning technology is specifically designed for insurers, aiming to accelerate pricing processes. Key benefits include faster model building, transparent GLM outputs, and improved data-driven underwriting.
Heritage Insurance Holdings, Inc. is a super-regional insurance holding company with a significant presence across multiple states. Through its subsidiaries and a broad network of agents, the company writes approximately $1.3 billion in gross personal and commercial residential premiums annually.
“We are excited to work with Heritage, a strong company with a seasoned senior management team. Akur8’s software will empower their pricing team to move faster and modernize their pricing processes. This partnership demonstrates the relevance and attractiveness of Akur8’s solution for insurance providers across all lines of business,” said Samuel Falmagne, CEO at Akur8
Brune de Linares, Chief Client Officer at Akur8 added, “Teaming up with such a well-known and established company like Heritage Insurance, with a large and respected network of experienced agents, is an exciting step in the growth of Akur8’s solution in the USmarket.”
“Akur8’s solution has been incredible in enabling our pricing team to work better and faster. For a new modeler, the platform is very user-friendly and is easy to get comfortable with, which has allowed us to seamlessly integrate the solution and quickly improve our pricing sophistication and predictive performance. Akur8’s software supports Heritage’s mission to best serve our policyholders by delivering exceptional homeowner’s insurance products at the most affordable prices,” stated John Wiechecki, Chief Reserving Actuary at Heritage.
