Overview
Akur8 is a next-generation actuarial software platform that leverages proprietary Transparent Machine Learning (TML) and predictive analytics to automate and optimize insurance pricing and reserving processes. Founded in 2018 after four years of R&D combining actuarial and data science expertise, the company launched commercially in 2019 and has grown to serve 300+ insurance clients in 40+ countries.
The platform empowers actuaries and pricing teams to build highly predictive models up to 10x faster than traditional methods while maintaining full transparency, auditability, and regulatory compliance. Akur8 specializes in automated risk modeling for non-life insurers, using constrained and interpretable machine learning that aligns with regulatory expectations such as GLM-style structures and audit trails.
Akur8 has raised $120M in Series C funding (September 2024), bringing total funding to $180M at a $400M valuation. The company operates from offices in Paris, London, Madrid, Milan, Cologne, New York, Atlanta, Montreal, and Tokyo, with 200+ employees representing 40+ nationalities.
Products & Services
Akur8 Risk
Automates the creation of robust technical models and pure premiums using Transparent Machine Learning (TML) and Generalized Linear Models/Generalized Additive Models (GLM/GAMs).
Key Features
- Transparent AI-powered risk model generation
- Automated GLM/GAM model building
- Full auditability and regulatory compliance
- Up to 10x faster model development
Target Users: Actuaries, pricing teams
Akur8 Rate
Manages commercial rate optimization, integrating with Risk and Demand modules for end-to-end pricing workflows.
Key Features
- Commercial rate management
- Integration with Risk and Demand modules
- Rate Order Calculation support
- Multi-jurisdiction rate management
Target Users: Pricing teams, actuaries
Akur8 Demand
Models customer conversion behavior and price elasticity to understand price sensitivity based on behavioral and competitor data.
Key Features
- Propensity-to-buy modeling
- Price elasticity analysis
- Geographic demand modeling
- Conversion rate optimization
Target Users: Pricing teams, marketing analytics
Akur8 Rate Repo
Regulatory-ready rate repository providing a centralized, auditable source for rate management across multiple jurisdictions.
Key Features
- Centralized rate management
- Version control and audit logs
- Complex Rate Order Calculation (ROC) support
- Compliance alignment
Target Users: Actuaries, compliance teams
Akur8 Deploy
Fully integrated real-time pricing engine for seamless operational deployment via open APIs.
Key Features
- Real-time rate deployment
- Open API integration
- Built-in version control
- Simulation capabilities
Target Users: IT teams, actuaries
Akur8 Reserve (Arius)
Modernizes reserve analysis with advanced stochastic modeling and deterministic solutions, replacing spreadsheet-based workflows. Acquired from Milliman in September 2024.
Key Features
- Stochastic reserving models
- Deterministic analysis tools
- Loss cost estimation
- Casualty insurance reserve analysis
Target Users: Reserving actuaries
Akur8 Discover
AI-powered filings search and market intelligence tool, launched following the acquisition of Matrisk in January 2026.
Key Features
- P&C rate and rule filings search using AI
- Competitive benchmarking of rating strategies
- Rate evolution monitoring across states, perils, and lines
- Regulatory objection anticipation
Target Users: Pricing teams, regulatory affairs
At a Glance
- Founded
- 2018
- Headquarters
- Paris, France
- Employees
- 201-500
- Funding
- Series C+
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Actuarial tools pricing optimization reserving predictive analytics risk modeling
- Insurance Verticals
- P&C Commercial P&C Personal Health Specialty/E&S Reinsurance
- Target Customers
- Carriers, MGAs/MGUs, Reinsurers
Customers
- AXA
- Generali
- Munich Re
- MAPFRE
- HDI
- Tokio Marine
- MS&AD
- Europ Assistance
- Branch Insurance
- Alpha Insure
- Swedbank
- Wüstenrot Gruppe
- FCCI
- Definity
Similar Companies
-
TThingCoNext-generation telematics hardware and software for the motor insurance industry
-
LIANREN Digital HealthHealth and medical big data platform serving insurance, government health, and pharmaceutical sectors in China -
Insurance DataLabMarket intelligence and benchmarking data for the insurance industry. -
Data Science WizardsEnterprise AI platform for insurance carriers -- build, deploy, and govern AI use cases at scale -
UniCourtLegal Data as a Service -- programmatic access to U.S. court records for insurance, legal, and enterprise teams. -
Unscrambl, IncConversational analytics platform that lets business users query enterprise data in plain language
Last updated: 2026-03-25