The partnership will see ICPEI leveraging Akur8’s RISK and DEMAND modules to enhance the efficiency and accuracy of its model development process. The move strengthens Akur8’s presence in North America, particularly in Canada, just two years after entering the market.
ICPEI, a leading provider of personal and business insurance in Canada, is known for its commitment to working with brokers to deliver tailored insurance products. By adopting Akur8’s platform, ICPEI aims to refine its current rating plan and optimise its pricing models to better serve its clients.
Akur8’s pricing solution, designed specifically for insurers, enables pricing teams to automate risk modeling with proprietary transparent machine learning technology. The automation enhances both predictive performance and speed, offering insurers greater market agility and faster decision-making while maintaining full transparency and control over the models created. The solution’s core benefits include improved accuracy and efficiency, allowing insurers to adapt quickly to market changes and drive immediate business impact.
“We are excited to partner with ICPEI, an insurance company known for its disciplined approach to underwriting profitability,” said Samuel Falmagne, CEO of Akur8. “Their risk selection expertise aligns perfectly with our mission to equip actuarial and pricing teams with the tools to make smarter, faster decisions. We are confident our platform will support their continued success.”
The partnership highlights the growing importance of AI-driven solutions in modern insurance practices, as both Akur8 and ICPEI continue to drive innovation in the industry.
Marc-Antoine Deom, Vice-President of Operations at ICPEI, echoed this sentiment, emphasising the success of the pilot program that laid the foundation for the partnership. “This collaboration underscores the transformative role of technology and data-driven insights in traditional insurance practices,” Deom said.
He added “By integrating Akur8’s platform into our operations, we are positioning ourselves to navigate the evolving insurance landscape and seize emerging opportunities.”
Join Akur8 at Insurtech Insights USA 2025 in New York
Join the Akur8 team at Insurtech Insights USA 2025 on June 4th to 5th at The Javits Center. Akur8 has been confirmed as a sponsor for the USA event, which will bring together over 5000 insurance leaders, entrepreneurs, investors and policymakers from 45+ countries, with 73% of attendees expected to be decision makers.
For more information, visit here: ITI USA 2025
