PARIS–(BUSINESS WIRE) – Generali France and Akur8 are delighted to announce their multi-year partnership to strengthen Generali’s pricing capacities in France. The two companies are delighted with this collaboration, as their teams have been working together since last summer, applying Akur8’s Transparent AI solution to strengthen Generali France’s pricing capacities. The partnership with the French entity of a world leader in insurance is a key step for Akur8, as well as renewed proof of Generali’s commitment to innovation and technology.
Specially developed for insurers, the Akur8 solution improves insurer pricing processes by automating risk and demand modeling, using transparent proprietary artificial intelligence technology. Key benefits for insurers include reduced modeling time which will speed time to market, increase predictive power, while maintaining complete transparency and control over the models created.
By using Akur8, Generali France will be able to significantly reduce time-to-market and offer even more targeted and personalized prices to its customers, further strengthening their commitment to providing innovative and personalized solutions to their customers.
« Akur8 is delighted to partner with Generali, to offer them a state-of-the-art risk modeling solution. The partnership with a world leader in insurance such as Generali is a very important step for us, a pivotal point in our development trajectory. This partnership emphasizes the pioneering and pioneering spirit demonstrated by the Generali teams and we hope that it will pave the way for new fruitful partnerships within the Generali Group. “, says Samuel Falmagne, CEO of Akur8.
“Our partnership with Generali France is a further demonstration of the robustness and attractiveness of the Akur8 solution for a global insurer with a leading position in European markets. says Brune de Linares, sales manager at Akur8.
“Akur8’s solution is a strategic and cutting edge asset to help improve a process at the heart of our business such as pricing. It is a reflection of our commitment to bring more innovation and personalization to generate ever more value for our customers. says Jean-Charles Guizouarn, head of non-life technical studies at Generali France.
« Akur8’s value was revealed very quickly. The modeling speed is 5 times faster, while maintaining a completely transparent and verifiable process. The user-friendliness of the interface and the collaborative aspect of it are a great asset for the team, making it very easy to use, while improving internal communication. The responsiveness of the Akur8 team also played a decisive role in our very rapid learning curve. “, says Eyrich Samba, head of actuarial studies at Generali France.
About Generali France
Generali France is one of the leading insurers in France, offering a full range of insurance solutions (health, provident, assistance, property and liability), savings and asset management to more than 7.4 million people. Established in France since 1832, Generali France relies on the know-how and expertise of its 9,000 employees and its networks of commercial intermediaries, agents, brokers and partners to be a lifelong partner of his client. A company committed to a global CSR approach, Generali France supports its clients in their efforts to achieve a more responsible, sustainable and inclusive economy through solutions that are perfectly in line with the social and environmental challenges of today’s world.
More information on www.generali.fr
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Akur8 revolutionizes insurance pricing with transparent AI. Akur8 has developed a unique AI-powered insurance pricing solution that automates modeling for insurance companies while maintaining complete transparency and control over the models created, as required by regulators around the world . Akur8 is the only solution on the market that balances the worlds of machine learning and actuarial science, enabling price optimization based on the customer’s lifetime value.